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Investor puts up Cdn$10 million for a 25 percent stake in NYX Gaming
Wednesday December 23,2015 : MORE CASH FOR N.Y.X. GAMING
Unidentified private investor puts up Cdn$10 million for a 25 percent stake in US subsidiary.
NYX Gaming received an early Christmas present this week when an unidentified private investor ponied up Cdn$10 million for a 25 percent stake in the company's wholly-owned US operating subsidiary.
Matt Davey, CEO of NYX, said that although there are certain conditions attached to the investment, it is not convertible into ordinary shares.
“This capital investment will allow us greater flexibility in the execution of our growth strategy, without diluting our shareholders from our aggregate business,” he said.
Directorate changes at NYX take effect on January 1 next year, with Staffan Lindgren departing, to be replaced by a gaming industry investor and adviser, Craig Billings, who until recently was head of digital at Aristocrat Technologies.
The company has also appointed James Mercur, an experienced stock broker and adviser with an impressive record at leading financial companies as an independent director - also from January 1.
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.
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