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NYX Gaming in deal with Global Daily Fantasy Sports

Friday, July 29, 2016 : GLOBAL DAILY FANTASY SPORTS SEALS DISTRIBUTION DEAL WITH N.Y.X. GAMING (Update)
 
Fantasy sports platform will be available through NYX.
 
Global Daily Fantasy Sports Inc., a publicly traded company on the Toronto Venture Stock Exchange, has announced a distribution agreement that will see its desktop and mobile B2B fantasy sports platform available on the NYX Gaming Open Gaming System network.
 
The Canadian firm also advised that it intends to complete an additional private placement for up to $6 million.
 
The agreement with NYX includes:
 
* NYX grants GDFS Inc exclusive worldwide right to distribute its DFS product on the OGS Platform and OGS Network;
 
* NYX will offer and promote the DFS product to its current and future customer base as its sole daily fantasy sports solution and will use its sales and marketing teams to maximise commercial exploitation of the DFS Product;
 
* In consideration for the distribution rights, the GDFS Inc. paid NYX US $125,000 upon the signing of a term sheet, US $125,000 upon the signing of the definitive NYX Agreement and must pay a further US $250,000 to NYX upon the commercial launch of the DFS product on the OGS Platform and OGS Network.
 
* In addition, the Company will pay to NYX a monthly royalty; and
 
* The term of the NYX agreement is five years from the date of first commercial use, which may be renewed on written notice to NYX for an additional five year period subject to certain conditions being met.
 
A spokesman for Global Daily Fantasy Sports Inc. said that NYX is trusted by some of the world’s most successful operators worldwide including Bet365, William Hill, Ladbrokes, Paddy Power, Betfair, SkyBet and Coral, who have databases ranging up to 35 million online players.
 
Darcy Krogh, CEO of Global Daily Fantasy Sports Inc. said in a company statement Thursday:
 
“Our distribution partnership with NYX is a key alliance for the launch of our B2B daily fantasy sports product in Europe. Having the exclusive integration into the NYX OGS platform gives our DFS product access to some of the largest gaming brands in Europe and should provide our network immediate liquidity."
 
Krogh took the opportunity to additionally announce that his company intends to complete a non-brokered “part and parcel” financing to raise up to $6,000,000 by the issuance of up to 15,000,000 units at a price of $0.40 per unit.
 
Each unit will consist of one share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of $0.75 during the first year following the closing date of the private placement and an exercise price of $1.00 during the second year following the closing date.
 
The company may pay finder’s fees at rates to be negotiated in connection with this financing. Proceeds from the offering will be used towards further development and marketing of the DFS product along with additional working capital.
 
Global Daily Fantasy Sports Inc. has received subscriptions for its previously announced $2,000,000 financing (20,000,000 units at $0.10 per unit) and has closed this financing.

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Gambling News :

Update on Anti Online Gambling bill S.3376 - More detail is emerging on Senate bill S.3376 and its author, Senator Tom Cotton, indicating that Cotton has in the past (2015) signed as a sponsor for Sheldon Adelsons Restoration of Americas Wire Act and opposes the legalisation of online gambling in the United States.

Anti Gambling bill S. 3376 - #s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

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