NYX secures $10m investment as board director departs
Staffan Lindgren will step down in January and will be replaced by former Aristocrat chief digital officer Craig BillingsÂ
The NYX Gaming Group has secured a CAD$10m investment in return for a 25% stake in its US subsidiary as it looks to expand its footprint in the North American market. [private]
NYX said the investment immediately strengthens its balance sheet and adds momentum to its operations in the US, where it supplies the Golden Nugget and Resorts Casino with its RMG platform.
âThis capital investment will allow us greater flexibility in the execution of our growth strategy, without diluting our shareholders from our aggregate business,â Matt Davey, NYX chief exec, said.
The supplier also confirmed it had shaken up its board of directors after Staffan Lindgren announced he would step down on the 1 January 2016.
Lindgren will be replaced by Craig Billings, former chief digital officer at Aristocrat Technologies and an independent advisor and investor to the gaming industry.
The supplier has also created an additional independent director position which will be filled by James Merkur, who has previously held senior roles at Canaccord and Goldman Sachs.