Amaya Gaming continues to sell off its non-core assets having announced the sale of software developers Amaya (Alberta), previously known as Chartwell Technology, and Cryptologic to NYX Gaming Group for CA$150 million.
The sale is expected to be complete during Q3 2015.
NYX chief executive, Matt Davey said that after the company’s acquisition of the Ongame poker network from Amaya in 2014, he negotiated a right of first offer to acquire Cryptologic and Chartwell.
"This transaction completes the strategy we embarked upon with Ongame," Davey said. "We believe there to be a substantial growth opportunity in the PokerStars and Full Tilt casino offering, which we anticipate benefiting from as part of our licensing agreement with Amaya."
“We are pleased to further deepen our relationship with NYX as a strategic partner and supplier to our B2C online casino operations,” said David Baazov, CEO of Amaya. “This transaction is consistent with our stated strategy of divesting our non- core B2B assets, while still giving us the ability to offer popular games and new and innovative titles on a regular basis from Chartwell, CryptoLogic, and now NYX.”
Amaya also plans to spin off its Diamond Game Enterprises subsidiary via the newly formed Innova Gaming Group.