Toronto-listed gaming operator NYX Gaming Group has completed its £270m acquisition of OB Topco Limited, OpenBet's parent company, as well as completing the issuance of convertible shares to William HIll and Sky Betting & Gaming as part of each company's investment in the business.

Completion of the deal, which was agreed in April this year, sees NYX acquire 100 per cent of OpenBet's issued and outstanding shares from funds managed by the sportsbook supplier's owner Vitruvian Partners, its co-investors and management. 

The acquistion has been financed through a combination of new senior secured credit facilities, convertible preference shares in a new subsidiary called NYX Digital Gmaing (OB Holdings) Limited; a private placement of new unsecured convertible debentures and a "bought deal" private placement offering of subscription receipts. 

With the deal complete, NYX now supplies over 200 gaming operators worldwide with an extensive library of desktop and mobile titles, including more than 700 on NYX's platform and more than 2000 on the OpenBet platform. 

"Today is an exciting day for NYX as we look to the next phase of the company's growth," NYX chief executive Matt Davey commented. "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.

"The acquisition reinforces our position as the leading provider of regulated B2B digital gaming solutions," he added. 

NYX has also closed the issuance of Convertible Preference Shares to William Hill and Sky Betting and Gaming, with the pair investing a total of £100m to help finance the OpenBet acquisition. William Hill has invested £80m, giving it a 19 per cent stake in NYX, while SkyBet's £20m investment sees it take a 5 per cent stake. 

The Convertible Preference Shares may be converted into a maximum of 68,000,000 ordinary shares, based on a conversion price of CAD$2.75 per ordinary share.  

Shares in NYX Gaming Group Ltd (Co.Data) (TSX:NYX) closed up 1.97 per cent at CAD$2.59 per share in Toronto Friday.