NYX Gaming Group Granted Registration by British Columbia Regulator
LAS VEGAS, NV, May 3, 2016 - NYX Gaming Group Limited (TSXV:NYX) ("NYX Gaming Group" or "Company") is pleased to announce that it received approval and has been registered as a Class B Supplier from the Gaming Policy and Enforcement Branch (GPEB) in British Columbia as of April 29, 2016, satisfying the last condition for completion of the OpenBet acquisition on or about May 20th, 2016.
Regulatory standards in British Columbia are widely respected as one of the most comprehensive within the gaming industry.
OpenBet's industry leading platform and products were certified in Canada in 2012 and are currently used by BCLC, Loto Quebec and the Atlantic Lottery Corporation. Both NYX and OpenBet have a proven track record of strict compliance and revenue growth within regulated markets.
The GPEB regulates all gaming in British Columbia, ensures the integrity of gaming industry companies, people and equipment, and ensures compliance with policies established under B.C.'s Gaming Control Act. This includes regulatory oversight of the British Columbia Lottery Corporation (BCLC), B.C.'s horse racing industry, and licensed gaming events.
The transformational acquisition of Openbet by NYX requires a demanding set of regulatory applications and approvals in order to close the deal later this month.
Matt Davey, Group CEO NYX Gaming Group commented, "I'm delighted to announce the approval by the GPEB in British Columbia. Through the acquisition of OpenBet, NYX has positioned itself as the only end-to-end digital gaming supplier in regulated markets. The teams here at NYX, Openbet and at GPEB have worked tirelessly to deliver to schedule and we look forward to closing the deal on or about May 20th as planned."