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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 :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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