OpenBet’s previously announced acquisition has been closed by NYX Gaming Group.

NYX Gaming Group will take 100% of the issued and outstanding shares of OpenBet for a total consideration of £270 million under the agreement.

NYX said the agreement will build on its commitment to deliver “premium end-to-end gaming solutions” to players in regulated markets around the world, adding that the combined operation will enable it to clients with player-driven services across all verticals and channels.

The agreement will expand the company’s client base to over 200 gaming operators with the company also boasting a library of more than 700 desktop and mobile games on its own portfolio and over 2,000 on the OpenBet platform.

“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,” Matt Davey, chief executive of NYX, said.

“The acquisition reinforces our position as the leading provider of regulated B2B digital gaming solutions.”

NYX announced that its NYX Digital Gaming subsidiary has closed the previously announced issuance of convertible preference shares, issued to each of William Hill and Sky Betting and Gaming.

The convertible preference shares can be converted into ordinary shares of the firm, pursuant to certain given events and subject to certain conditions as required by the TSX Venture Exchange.

NYX Gaming Group delivers a complete range of market leading products and gaming solutions to some of the largest lotteries, casinos and gaming operators across the globe. The company’s unique range of product offerings and in-house skills allows the firm to control over the product, design, development and service from conception through to delivery which results in a range of products that are consistent in innovation, longevity and quality.

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