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NYX Gaming Buys The Ongame Poker Network from Amaya

NYX Gaming Buys The Ongame Poker Network from Amaya

On Nov.24, the Las Vegas-based company has signed an agreement with Amaya for the purchase of the Ongame Network Limited for an undisclosed amount.

Things keep moving fast in the gambling industry. After the monster deal signed by Amaya Gaming to buy PokerStars and Full Tilt and the one inked by GTECH to acquire the Las Vegas-based International Game Technology (IGT), it’s time for the NYX Gaming Group (NYX) to join the league.

On Nov.24, the Las Vegas-based company has signed an agreement with Amaya for the purchase of the Ongame Network Limited for an undisclosed amount.

"Ongame is renowned in the gaming industry for its excellent poker products, platform and service," NYX Chief Executive Officer Matt Davey said.

"Not only does this acquisition provide NYX Gaming Group with one of the best poker products in the industry, it also gives us access to products that are regulated in several jurisdictions, and more importantly a talent pool that can help grow all parts of our business."

With the acquisition of the Ongame’s B2B poker network NYX plans to consolidate its role as an international gambling services provider, and add poker to an offering that already includes online lotteries, bingo and online casino solutions.

Davey also believes that by adding Ongame to the company portfolio, NYX will finally be able to operate in some specific jurisdictions it has not yet entered.

The Ongame Network became a part of Amaya’s gaming empire in 2012, when the company acquired from the bwin.party Digital Entertainment PLC for $19,3m.

The deal, however, included also potential additional payments of up to $12.9 million that Amaya would have had to correspond to bwin.party if online game became legal in the United States within five years from the operation.

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