Updating the market on its Q1 2016 performance (period ending 31 March), Toronto TSX-listed NYX Gaming (NYX) has reported an 89% revenue increase to CAD $18.8 million (Q1 2015: CAD $9.9 million) driven by new client growth. NYX would record group gross profits of CAD $16.2 million, with an underlining EBITDA of CAD $4.8 million up 102% on corresponding Q1 …
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Ladbrokes launches ‘Game Changer’ – Edit My Acca in partnership with OpenBet & Playtech
Ladbrokes has announced the launch of its ‘industry first’ innovation ‘Edit My Acca’ function which will allow players to make changes to their football accumulator bets while matches are in play. Developed in-conjunction with industry technology providers OpenBet and Playtech, Ladbrokes management, have labelled ‘Edit My Acca’ as a game-changing function for sports betting consumers. ‘Edit My Acca’ will allow …
Read More »OpenBet secures Loto-Québec partnership extension
Updating the market, gambling platform provider OpenBet has announced that it has renewed its longstanding services partnership with Canadian lottery operator Loto-Québec for a further three years. Renewing its partnership OpenBet is set to provide Loto-Québec with its new mobile portal solution which will form a key part in the lottery operator’s future growth strategy. OpenBet governance detailed that Loto-Québec had …
Read More »NYX Gaming completes £270 million co-funded acquisition of Openbet
Issuing a market update, NYX Gaming (NYX) governance has confirmed that it has completed its £270 million co-funded acquisition of market leading sports betting platform provider OpenBet. First announced on 4 April, NYX acquires 100% of OpenBet assets from private equity firm Vitruvian Partners for a total consideration of £270 million, of which William Hill and Sky Betting & Gaming …
Read More »Eurobet takes NYX games via Game360 platform
NYX Gaming Group, content and technology supplier to lotteries, casinos and gaming operators across the globe, has strengthened its position in the Italian regulated gaming market through the launch of digital casino content via the Game360 platform with major bookmaker Eurobet.it. NYX’s Italian gaming operation, Game360, delivered an extensive selection of casino games to Eurobet.it from its own proprietary portfolio and broad partner …
Read More »Is the betting market prepared for the rise of The Sun?
This summer’s Euro 2016 Championships has seen a glut of new sportsbook announcements, but few are as intriguing as the plans between The Sun newspaper and Australian operator Tabcorp to launch Sun Bets. The UK market is no stranger to attempts by octogenarian media mogul Rupert Murdoch to leverage the pre-eminent position of his business interests in the UK media …
Read More »Contagious Gaming signs distribution agreement with Openbet
Contagious Gaming have announced that they have signed a casino partner agreement with Openbet, via its wholly-owned subsidiary Telos Entertainment. The Distribution Agreement with Openbet will allow Contagious Gaming to integrate its digital scratch ticket portfolio, eInstant Games, into Openbet’s software platform for distribution to Openbet’s global customer base. Peter Glancy, CEO and Director of Contagious Gaming, commented: “Signing this …
Read More »OpenBet surpasses Grand National record with 62,000 bets-per-minute
OpenBet, an omni-channel provider to the sports betting industry, handled 22 million sports bets on the day of the Grand National race across all channels. The 24-hour period is the supplier’s busiest of the year. At its peak, the company processed 62,000 bets-per-minute on Saturday 9th April 2016, an increase of 27% from 2015. In addition, OpenBet processed a total …
Read More »Matt Davey – NYX Gaming – Maintaining independence will be key to Openbet’s long term success
Matt Davey Chief Executive of Toronto-listed igaming supplier NYX Gaming (NYX), has declared that ‘maintaining independence’ will be the key to acquired asset Openbet’s long term success. Reaching a binding agreement for its £270 million acquisition of Openbet from long-term private equity owners Vitruvian Partners, NYX’s deal will be part funded by William Hill (contributing £80 million) and Sky Betting and Gaming …
Read More »NYX Gaming confirms ‘binding agreement’ for £270 million Openbet acquisition
Toronto TSX-listed NYX Gaming Group has updated the market, announcing that it has entered a ‘binding share agreement’ to purchase 100% of Openbet from private equity firm Vitruvian Partners LLP. NYX Gaming governance disclosed that it has placed a total consideration of £270 million for Openbet assets, which will include the repayment of the firm’s existing £95 million debt. The …
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