Tag Archives: Toronto

Updating the market, Intertain Group governance has informed investors that it plans to list on the London Stock Exchange with a view to ‘enhance shareholder value’ by placing its operations closer to its core markets of the UK and Europe.   At present Intertain Group operator of European igaming brands; Jackpotjoy, Vera&John, Costa Bingo and InterCasino is listed on the …

Toronto TSX-listed gambling technology provider NYX Gaming Group (NYX) continues its M&A expansion by confirming that it has agreed to acquire UK-based gaming content and systems supplier Betdigital. Oxford-based Betdigital, a specialist multi-channel gaming systems developer for online, interactive, TV, land-based and mobile verticals has been valued at a maximum consideration of £24.5 million, the equivalent to 2.51x its EBITDA …

Issuing a market update, NYX Gaming (NYX) governance has confirmed that it has completed its £270 million co-funded acquisition of market leading sports betting platform provider OpenBet. First announced on 4 April, NYX acquires 100% of OpenBet assets from private equity firm Vitruvian Partners for a total consideration of £270 million, of which William Hill and Sky Betting & Gaming …

Toronto TSX-listed online gambling operator Intertain Group Limited (Intertain) has reported a positive start to its 2016, recording group revenues of CAD $128 million (£68 million) for Q1 2016 performance (period ending 31 March). Updating the market, Intertain would report growth on all its core top-line fianancial metrics (performance statement below), with the company posting a period net income of …

Presenting its full-year 2015 results (period ending 31 December), Toronto TSX-listed gambling technology provider NYX Gaming Group posted a mixed set of top line performance metrics. Closing 2015, NYX would record a revenue uplift of CAD $ 52 million 91% up on FY 2014’s CAD $ 28 million. NYX’s revenue uplift would transfer to Group Profits of CAD $45 million …

US law firms Wolf Haldenstein Adler Freeman & Herz LLP (New York) and Block & Leviton (Boston) have filed investor-led class action lawsuits against Amaya Inc. The lawsuits filed yesterday within US district courts, focus on the alleged investor misrepresentation of Amaya governance following the allegations of insider trading made against CEO and Founder David Baazov by Quebec securities regulator, Autorite …

Toronto TSX listed online gambling operator Amaya Inc has confirmed that CEO & Chairman David Baazov is “taking an indefinite paid leave of absence from the company, effective yesterday”. Issuing a corporate statement Amaya governance detailed that Baazov had opted to take voluntary leave from leadership with a view to prepare for his management takeover of Amaya assets. Furthermore, Baazov …

Announcing Amaya Inc 2015 full-year results, which saw the operator post net losses of CAD $25 million (£14 million), CEO David Baazov updated the market on his proposed management takeover of the firm. Baazov alerted the media that his executive team intends to make a formal bid to take Amaya assets private, though no timeline for the announcement of the …

Toronto-listed Amaya Inc has issued a corporate statement updating the market on its appointed special committee reviewing the management buyout offer put forward by current CEO and Chairman David Baazov. Amaya informs that to date its board has not received a formal proposal by Baazov and his executive regarding the takeover of the company. The independent committee advised by Barclays …

UK newspaper The Daily Telegraph has reported this weekend that William Hill will team up with Canadian TSX listed igaming technology supplier NYX Gaming, as it prepares a £300 million bid for leading betting technology provider OpenBet. The newspaper reports that William Hill governance will financially assist NYX Gaming’s bid for independently owned OpenBet. NYX Gaming who floated on the …