More Cash For N.y.x. Gaming

Unidentified private investor puts up Cdn$10 million for a 25 percent stake in US subsidiary

NYX Gaming received an early Christmas present this week when an unidentified private investor ponied up Cdn$10 million for a 25 percent stake in the company's wholly-owned US operating subsidiary.
Matt Davey, CEO of NYX, said that although there are certain conditions attached to the investment, it is not convertible into ordinary shares.
"This capital investment will allow us greater flexibility in the execution of our growth strategy, without diluting our shareholders from our aggregate business," he said.
Directorate changes at NYX take effect on January 1 next year, with Staffan Lindgren departing, to be replaced by a gaming industry investor and adviser, Craig Billings, who until recently was head of digital at Aristocrat Technologies.
The company has also appointed James Mercur, an experienced stock broker and adviser with an impressive record at leading financial companies as an independent director – also from January 1.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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