NYX Gaming seals the deal on £270M OpenBet acquisition

Online technology firm NYX Gaming has completed the acquisition of rival sports betting platform provider OpenBet.

The Toronto-listed company issued a market update on Monday, in which it confirmed that the £270 million co-funded deal has already been finalized, more than a month after it first announced.

Last April 4, NYX announced that it is acquiring 100 percent of OpenBet’s assets from private equity firm Vitruvian Partners. The online technology company received an £80 million contribution from UK betting operator William Hill and an additional £20 million from Sky Betting & Gaming.

The acquisition will also have NYX repay OpenBet’s outstanding £95 million corporate debt.