Private Investor Buys $10.5 Million in NYX

This story was published more than 3 years ago.

Online betting software designer NYX Gaming has announced that they have raised $10.5 million in capital from a private investor, who has chosen to remain anonymous.

The investor purchased 2,863,636 share warrants from NYX, which have a price of $3.50. The share price will gain interest at a rate of 10% annually, and will mature in January 2020. The investor has the option to convert the shares into traditional shares at $2.75 each.

NYX claims it will be using the money to settle money lent to the company by another investor last year.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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6 July 2016 - 9:25pm

We know Nyx are one of the giants on the gambling market so it's not a strange thing that some private investors are interested to make such big investments like that from the news above. I guess it's a smart decision.