Gaming giant NYX Gaming Group has announced that they have purchased Canadian betting software developer Side City for a cash payment of $4 million CAD as well as 333,000 shares of NYX.
The cash side of the deal is contingent on Side City's performance over the next two years. Side City is based out of Montreal and develops land and online casino games that are distributed to North American casinos.
Commenting on the deal NYX CEO Matt Davey said, "Side City is another example of NYX's ability to identify and execute on investments that fit into the global content strategy of the company."
"Further, Side City gives us unique content for the North American market that complements our existing North American business and gives us an entry point to the United States land-based market with existing customer relationships."