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NYX GAMING GROUP ACQUIRES BETDIGITAL
NYX GAMING GROUP ACQUIRES BETDIGITAL
On the back of completion of Openbet deal.
Having just completed its Openbet purchase, NYX Gaming Group has announced another acquisition, this deal for UK-based gaming content and platform provider BetDigital.
The company said Betdigital will provide NYX with a game development platform and studio that caters to the UK retail and online markets, along with the ability to further exploit opportunities for games development and leverage existing NYX studios for game design and art.
The purchase price consists of an upfront cash payment and earn out over three years. The maximum aggregate consideration including upfront and earn out is GBP 24.5 million, equivalent to a 2.51x EBITDA multiple. The total assets acquired were less than 5 percent of NYX Gaming Groups total assets at March 31, 2016.
Heath Samples, chief executive officer and general counsel for Betdigital said in a press statement that the company is well-positioned to assist NYX gain maximum returns from their plans for omni-channel expansion, while accelerating Buetdigital’s growth story by leveraging the cross sell opportunities available with the NYX customer base.
"In Betdigital, we have identified an asset that will strengthen our reach and underpin the global content strategy of the company,” added Matt Davey, chief executive officer for NYX Gaming Group. “Particularly, Betdigital allows NYX to strengthen its position in the UK market, providing another unique flavor of regional expertise and omni-channel content that will benefit NYX and OpenBet customers and shareholders immediately and over the long term."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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