Gaming supplier NYX Gaming Group (NYX) has expanded its reach in Italy with the launch of its online casino content with operator Betpoint through the Game360 platform.
NYX’s Italy-facing Game360 subsidiary has delivered an extensive selection of casino games to Betpoint from its own portfolio and wider partner network. The developer has been providing content for the operator since 2011.
The new rollout includes popular titles from the NextGen Gaming studio, such as Foxin' Wins and Merlin's Millions.
"We are thrilled about our robust delivery of games to Betpoint,” said Andrea Guzzon, Game360’s general manager. “Through Game360 technology and our large portfolio of NYX content certified in Italy, Betpoint can now offer their player base the most inclusive and engaging suite of mobile and desktop slots available in the Italian market."
Giuseppe Simone, CEO of Betpoint, added: "I am very pleased with our launch of the new NYX content, in addition to the gaming suite we already offer from Game360. We have maintained a great partnership with Game360 since 2011 and this latest integration represents a very healthy partnership moving forward.”
In relate news, NYX confirmed Tuesday that it has made changes to certain terms of the CAD$40.0m exchangeable preferred shares previously issued to Amaya following the successful acquisition of Chartwell Technology and Cryptologic.
Upon mutual agreement of both parties, the Exchange Ratio, which currently increases after six months at an initial rate of 3.0 per cent, followed by 6.0 per cent every six months from months 12 to 24 and 9 per cent every six months thereafter, will now only increase every six months at a rate of 3.0 per cent for so long as the preferred shares are outstanding.
Amaya's retraction rights allowing it to exchange the shares for NYX ordinary shares at the then-applicable Exchange Ratio, may now only be exercised after the one-year anniversary of the issue date, rather than 6 months as previously permitted.
The preferred shares will automatically exchange for ordinary shares at the then-applicable Exchange Ratio, if not already exchanged or redeemed, in July 2020.
"The changes to certain terms of the preferred shares with Amaya were key to provide clarity to investors of NYX's capital structure and to enable us to execute on other strategic initiatives in 2016 as we continue to transform and build NYX into a premier global digital gaming supplier,” said Matt Davey, CEO of NYX.
Shares in NYX Gaming Group Inc (Co. Data) (TSX:NYX) rose 4.07 per cent to close at CAD$2.81 per share in Toronto Tuesday.