NYX Gaming Group completes acquisition of OpenBet

23 May 2016

NYX Gaming Group has closed its previously announced acquisition of OpenBet.

Under the agreement, which was first announced in April, NYX will take 100% of the issued and outstanding shares of OpenBet for a total consideration of £270 million (€349.1 million/$392.1 million).

NYX said the deal will build on its commitment to deliver “premium end-to-end gaming solutions” to clients in regulated markets around the world, adding that the combined operation will enable it to provide customers with player-driven services across all verticals and channels.

The deal will expand the company’s customer base to over 200 gaming operators worldwide, with the firm also boasting a library of more than 700 desktop and mobile games on its own portfolio and over 2,000 on the OpenBet platform.

Matt Davey, chief executive of NYX, said: “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 acquisition reinforces our position as the leading provider of regulated B2B digital gaming solutions.”

NYX also announced that its new NYX Digital Gaming subsidiary, created as part of the acquisition, has closed the previously announced issuance of convertible preference shares, issued to each of William Hill and Sky Betting and Gaming.

The convertible preference shares can be converted into ordinary shares of the company, pursuant to certain specified events and subject to certain conditions as required by the TSX Venture Exchange.

Related article: NYX to acquire OpenBet, William Hill invests £80m