It has been announced by Swedish software provider NYX Interactive AB (NYX) that it has entered an acquisition deal for the Australian-based independent games supplier Nextgen Gaming Pty Ltd.
The consideration for the acquisition has not been disclosed, and it has only been specified that the companies are to merge and thus form a content-rich software provider that will be a combination of the NYX bingo, lottery and casino modules and NextGen’s games and innovation in game design across various distribution channels.
In addition, the merger will bring a better offering to customers, with a catalogue of over 300 games. According to the company statement, the group will be “in a strong position to profit from land-based casinos seeking to add an interactive offering to their portfolios.”
The group has quite an impressive customer list of over 40 names, including a number of World Lottery Association members, some tier-1 operators and big name casinos and sportsbooks. All of them will be able to benefit from a unified set of software standards that provide rapid delivery and distribution of content, including slots, table games, bingo, instant-win games and scratchcards.
The companies will also combine their senior executive teams, with Nextgen staying in charge of games development and NYX maintaining the software development and operations, whereas certain client-facing roles and executive management will be conducted from London.
In a comment on the acquisition, David Flynn, chief executive office, NYX said: “NYX and NextGen are a perfect fit. In addition to a shared set of values between the two organisations, we share a highly scalable business model and enjoy respected reputations.
"Our combined entity will be much stronger and our customers will benefit from NextGen’s leading-edge games studio which produces some of the industry’s best performing games. We are very excited about our future together.”
In addition, Staffan Lindgren, co-founder of NYX stated: “In light of the regulation of the European gaming markets, this strategic move puts us right in the sweet spot of what operators expect from their technology partners.”
On the other side, a statement arrived from Matt Davey, CEO of NextGen who said: “Combining NYX’s proven bingo, casino and software solutions with the NextGen excellence in building engaging and profitable games enables us to massively improve our ability to offer market-leading product in a fast and flexible manner to our combined roster of customers.
"Leveraging our respective heritage in technology and product and our common employment cultures we are confident in our ability to develop, license and support a world-class suite of e-gaming products.”
All News Categories
- General Gambling News (6876)
- Gambling Law & Society News (3451)
- Casino Games (3080)
- Casino Software (2922)
- Land Based Casino News (460)
- Promotions & Bonuses (304)
- Casino Banking (200)
- Casino Tournaments (111)
- General Poker News (53)
- General Sportsbook News (41)
- General Bingo News (38)
- LCB News (36)
- LCB Approved Casinos (21)
- Casino Warnings (18)
- Bingo Software (11)
- Bingo Games (9)
- Predatory Terms (6)
- Online Poker Tournaments (5)
Most Viewed ArticlesSee all
Live activity feed
"I just started using bitcoin myself. I buy bitcoin using my checking account thru Coinbase. It takes a little longer than using a debit/credit card but if I understand it correctly the fees are lower that way. Then I transfer bitcoin to my wallet at Blockchain before depositing at an online casino. I made two deposits at Slotastic! and one at Slotocash and each time the money was there immediately. The only problem I had was on my first deposit I did not account for the conversion difference when making a minimum amount deposit and my bonus did not get triggered automatically. I got it soon worked out though when I contacted support thru Live Chat and explained the mistake was caused by my first time using bitcoin. They credited my account with the bonus and just suggested I add a little more next time to cover the additional fees and conversion rate differences. I didn't do too good at Slotocash but did much better at Slotastic! and even though I made my deposit using bitcoin there was a message on the Withdraw screen saying I had to send in their Credit Card Authorization Agreement before I could make a withdrawal. I contacted Live Support to clarify and they advised I only had to send in a copy of my drivers license and a recent utility bill to verify my identity not my credit card. After I emailed these documents I received an email the next day advising my documents had been received and approved. I then submitted my withdrawal request and expected an immediate response just like I got on my deposit but it didn't happen. That's been about 7 hours ago now so I'm guessing it might be a day or two at least if I'm lucky before anything happens. But if it happens then that'll be much better than having to wait weeks or months like some have to. I'll update later when the withdrawal is finally completed."READ
lcb activities in the last 24 hours
- new members
- members online
- guests online
- new posts
- free games played