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NYX acquires Sportech’s stake in US joint venture

28th May 2015 11:26 am GMT

Canadian gaming supplier NYX Gaming Group has strengthened its presence in the US iGaming market by acquiring Sportech’s 50 per cent stake in the SNG Interactive joint venture established between the companies in December 2013.

The Toronto-listed supplier will pay a total consideration of CAD$25.1m to take over Sportech’s stake, comprising $10m in cash, 2.2m ordinary shares in NYX equating to an aggregate value of $9.9m (based on the closing price of $4.51 on May 27th), and [...]

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