Topic: How To Invest

Hi, Pat. Can you please comment on NYX Gaming Group for me?

Article Excerpt

NYX Gaming Group Ltd., $4.32, symbol NYX on Toronto (Shares outstanding: 33.8 million; Market cap: $143.7 million; www.nyxgaminggroup.com), makes gaming software for over 130 online and brick-and-mortar casinos. The company is based in Guernsey (a tax haven off the coast of England), but its main subsidiaries are in the U.S., Sweden and Australia. NYX first sold shares to the public at $3.50 each and began trading on Toronto on December 30, 2014. The company has developed over 350 titles, including slots, bingo, lottery, poker and other casino games. It aims to create 25 to 50 new games a year. It also distributes 550 games under licence from other developers. In addition to games, NYX’s software helps its clients manage things like player accounts and payments, currency exchange rates and foreign-language support. Recurring royalties and licensing fees account for 90% of NYX’s revenue, while advertising and other fees supply the remaining 10%. In the three months ended March 31, 2015, the company’s revenue…