On Monday, April 4, Las Vegas-based online gaming supplier NYX Gaming Group Limited announced the acquisition of the London-based market leading business-to-business sportsbook and digital gaming supplier OpenBet for £270 million.
The transaction is subject to customary conditions and approvals, including regulatory and stock exchange approvals. The companies expect to receive all the necessary approvals in May this year and no more than three months after the agreement.
Launched back in 1996, OpenBet powers the largest share of the world's online bets, as in 2014 alone it took over one billion sports bets.