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Australia – NYX completes OpenBet purchase

By - 23 May 2016

NYX Gaming Group has completed the £270m acquisition of OpenBet financed through a combination of new senior secured credit facilities; convertible preference shares in a new wholly-owned subsidiary called NYX Digital Gaming Limited, private placement of new unsecured convertible debentures, which have converted into Special Warrants and a bought deal private placement offering of subscription receipts.

The Acquisition builds on the company’s commitment to deliver premium end-to-end gaming solutions to clients in regulated gaming markets across the globe.

By combining two of the world’s most established and proven B2B betting and gaming suppliers, NYX is uniquely positioned to provide customers with exciting player-driven solutions across all verticals and channels – through best-of-breed content, proven technology and a full suite of industry-leading products and services.

Following the Acquisition, NYX will become the leading B2B omni-channel Sportsbook operator in the market and the supplier of choice to over 200 gaming operators globally with an extensive library of desktop and mobile game titles including 700+ on NYX platforms and 2000+ on the OpenBet platform. NYX now has a combined workforce of 1100 staff based in 14 countries across Europe, North America, Asia, New Zealand and Australia.

“Today is an exciting day for NYX as we look to the next phase of the company’s growth. 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,” commented Matt Davey, Chief Executive Officer, of the Company. “The acquisition reinforces our position as the leading provider of regulated B2B digital gaming solutions.”

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