NYX Gaming finalises ?270m OpenBet acquisition
Toronto-listed firm completes deal for the sportsbook supplier, with William Hill and Sky Betting & Gaming both investing in the business
NYX Gaming Group completed its £270m acquisition of sportsbook supplier OpenBet this week as part of a co-funded deal backed by William Hill and Sky Betting & Gaming (SB&G).
As part of the deal, which was first announced on 4 April, NYX Gaming has acquired 100% of OpenBet shares managed by the London-headquartered supplier’s previous owner Vitruvian Partners.
William Hill and SB&G also made a combined equity investment of ?100m – ?80m and ?20m respectively – into NYX to partially fund the transaction.
NYX Gaming chief executive, Matt Davey, said he was looking forward to leading the company though the “next phase” of its 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,” he said.
“The acquisition reinforces our position as the leading provider of regulated B2B digital gaming solutions,” Davey continued.
The completion of the deals comes after NYX recently posted a 92% increase in full-year revenues after the online content and technology supplier was boosted by a strong Q4 performance where revenues leapt by 115%.