A month after announcing the intention to acquire online gambling platform supplier OpenBet from Vitruvian Partners LLP, Nyx Gaming has released a statement confirming that the £270 million deal is now finalised.
Nyx was joined in the deal by co-investment partners William Hill, who chipped in £80m, and Sky Betting and Gaming, who contributed £20m. The agreement will see Nyx Gaming clear £95 million in debt that OpenBet currently owes, in addition to acquiring OpenBet's platform that hosts an extensive portfolio of over 2000 online casino games from various developers. The deal boosts Nyx's workforce to over 1100 employees that are now based in 14 countries around the world.
In a solid example of corporate buzzword-lingo, Nyx CEO Matt Davey remarked "Today is an exciting day for Nyx as we look to the next phase of the company's 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." Bingo!