NYX announces Amaya B2B acquisition

ider NYX Gaming Group has agreed to acquire Amaya (Alberta) Inc – formerly Chartwell Technology – and Cryptologic from Amaya Gaming.

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.”