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NYX Gaming Completes Openbet acquisition

NYX GAMING UPDATE CONFIRMS COMPLETION OF OPENBET ACQUISITION (Update)
 
GBP270 million deal co-funded with William Hill and Sky Betting finalised.
 
The GBP 270 million purchase of online sports betting platform provider Openbet from private equity group Vitruvian agreed last (April) month and co-funded by William Hill plc and Sky Betting and Gaming has been successfully completed, according to a trading update issued Monday by new owners NYX Gaming.
 
The terms of the deal saw NYX acquiring Openbet lock, stock and barrel, with William Hill and Sky Betting and Gaming contributing GBP80 million and GBP 20 million respectively. NYX has agreed to take on Openbet's GBP95 million of corporate debt as part of the deal.
 
Announcing the completion of the transaction on behalf of the three funding companies, NYX Gaming CEO Matt Davey said that the acquisition was part of the group's expansion plan, and would enable his company to provide player-driven technology across diverse verticals and channels.
 
“The acquisition reinforces our position as the leading provider of regulated B2B digital gaming solutions," Davey said in a statement. "We now turn our focus to planning and executing the strategy to leverage the collective strengths and benefits of scale that the combined business brings to our customers and shareholders.”
 
The company statement notes that NYX Gaming employs 1,100 people across 14 nations in Europe, North America, Asia, New Zealand and Australia.

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Gambling News :

Oryx in deal with Extreme Live Gaming - #oryx Turnkey provider ORYX has selected Extreme Live Gaming for the integration of a number of Live Casino titles to its games platform.

GAN Partners with Station Casinos - B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016

Tipbet Sponsor of easy Credit Basketball Bundesliga for season 2016/2017 - #tipbet The agreement comes with good timing; the BBL basketball 2016/17 season started last Friday, ensuring that Tipbet benefits from high visibility for its brand presence at the games.

Oceanís Call Slot Launches - Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.

Big Names Playing WCOOP - The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.

Should Gibraltar and Britain be regarded as a single state under EU gambling laws? - The issue has been referred to the ECJ by the High Court with the question "should the UK and Gibraltar be treated as a single member state when it comes to EU law on remote gambling?"

Sirplay to Open Argentina Branch - #SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.

DFS Changes for Ohio - #dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.

New Jersey Teams Up With Kahnawake Gaming Commission - The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.

Petition to Ban Online Gaming in Singapore - Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.

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