NYX announces Amaya B2B acquisition

NYX will purchase the businesses for CAD$150.0m in cash, subject to working capital adjustments, with the deal expected to close before the end of Q3 2015.

Amaya had previously granted NYX a right-of-first-offer to acquire the businesses following its sale of Ongame Network to the firm.

The acquisition will also see NYX enter into a preferred supplier licensing agreement with a subsidiary of Amaya to provide certain casino gaming content to Amaya’s real-money casino offering, which will be integrated into the PokerStars and Full Tilt branded casino websites

For the 12-month unaudited period ending 31 December 2014, Chartwell and Cryptologic generated approximately CAD$17.4m in revenue and an EBITDA loss of approximately CAD$7.6m.

Sustained synergies of approximately CAD$7m to CAD$9m are expected, half of which is expected to be realised within the first 12 months.

NYX chief executive Matt Davey said: “We are excited about this acquisition and partnership, which will provide NYX with additional leading gaming content and access to what we believe will be one of the world’s fastest growing online casinos.”

Amaya CEO David Baazov added: “This transaction is consistent with our stated strategy of divesting our non- core B2B assets, while still giving us the ability to offer popular games and new and innovative titles on a regular basis from Chartwell, Cryptologic and now NYX.”

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Gareth Bracken

Journalist

Gareth Bracken is an experienced gaming journalist and editor who spent more than six years with Players Publishing, progressing through a range of senior editorial roles across its flagship titles, including Gambling Insider. He joined the company in 2010 as an Editorial Assistant before advancing to Staff Writer, Senior Staff Writer, Editor, and later Senior Features Writer.

Between 2011 and 2016, Gareth played a central role in shaping editorial output across print and digital platforms, producing in-depth features, news coverage and long-form analysis on the global gambling and iGaming industries. As Editor from September 2014 to October 2015, he oversaw content strategy, editorial standards and production workflows, helping guide the publication’s development as a leading B2B industry voice.

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