Two senior management appointments add signficant operational and financial expertise to the leading provider of digital gaming and technology in regulated markets.
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
TORONTO, Sept. 14, 2016 /CNW/ - NYX Gaming Group (TSX-V: NYX) is pleased to announce two key appointments in the Group Executive Team to further develop the organisation's execution capabilities and to support the significant growth across its multi-product offering in regulated markets worldwide.
Jason Walbridge joins the Company as Chief Operating Officer and Eric Matejevich joins as Chief Financial Officer.
Matt Davey, CEO of NYX Gaming Group said: "As a highly diversified group, we have the largest gaming content portfolio for regulated markets in the industry. Combined with our leading Casino products, our Sportsbook technology via OpenBet is the market leader and powers the majority of tier one operators in regulated markets. Everything we do is focused on quality products with speed to market and deployment across all channels. As we continue to experience rapid growth we have appointed Jason Wallbridge to drive the group operating strategy across our content, systems and business development divisions. Jason joins us after a highly distinguished eighteen year career with Aristocrat including the roles of Chief Supply Officer and prior to that Managing Director of the EMEA division."
Eric will lead our Group Finance division and brings unrivalled knowledge of our business and the industry, having served on our board and in leadership positions at Atlantic Club Casino, Resorts International and Merrill Lynch. In taking up his new duties, Eric has formally resigned from the Board to focus full time on the CFO role. The Company will look to make additional appointments to the Board in due course.
Both of these appointments strengthen our execution capabilities and support the excellent foundations we have built to deliver world-class products and services to our customers in regulated markets. Eric and Jason join us at a very exciting period of growth and I'd like to welcome them both to the team."
Both roles are effective immediately and will be based at the Group's Las Vegas Headquarters.
Jason commented: "Matt and the executive team have made important breakthroughs to establish a leading position in the supply of gaming content and technology in regulated markets. They have set the bar high with their vision and ambition and I'm looking forward to working with them to build out additional execution capabilities across their group operation."
Eric commented: "I join the Group with a deep understanding of the core strengths and capabilities of the business. NYX has built its multi-product, diversified business through high profile acquisitions and the recent Q2 results demonstrate that the industrial logic behind the acquisitons is already bearing fruit. I look forward to working with Matt and the talented teams across the business to deliver the next phase of growth."
Notes to Editors:
Prior to MD EMEA at Aristocrat, Jason was Senior Vice President Design & Development, Integration and Services in the Aristocrat Americas business and has held a number of other roles within Aristocrat in the Americas and New Zealand. Prior to Aristocrat, Jason was a management consultant for Ernst & Young New Zealand and Impac Australia after serving as a commissioned officer in the New Zealand Army in a variety of operational leadership roles around the world. Jason holds a Masters in Business Administration (International Management) from the Auckland Institute of Studies.
Eric also holds a Bachelor of Science in Economics (Concentration in Finance) from the Wharton School at the University of Pennsylvania.
About NYX Gaming Group:
NYX Gaming Group Limited is a leading digital gaming provider headquartered in Las Vegas, USA with a staff of more than 1000 employees based in over a dozen countries across Europe, North America, Asia, New Zealand and Australia. The Company provides one of the world's largest portfolios of gaming content and technology to some of the foremost operators, sportsbooks, lotteries and casinos in regulated markets across the globe. NYX also has one of the broadest distribution bases in the industry with over 200 customers and the widest portfolio of content from its global studios and partner network. The diversified game catalogue delivers content across web, mobile and retail and focuses on Casino, Sportsbook, Lottery and Bingo verticals.
NYX's Open Gaming System (OGS™) and the OpenBet platform were recently named 2016 Platforms of the Year in acknowledgement of their position as the industry's market-leading gaming and sportsbook offering.
NYX Gaming Group Limited is listed on the TSX Venture Exchange under the symbol (TSXV: NYX).
Certain statements included herein, including those that express management's expectations or estimates of NYX's future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "potential" or the negative of these terms or other similar expressions. Forward-looking statements in this press release include, but are not limited to, statements with respect to: the proposed financing details and sources used to fund the Transaction, the timing of the distribution of the Subscription Receipts, expectations or projections about strategies and goals for growth and expansion, accretive earnings, anticipated revenue and realization of cost synergies associated with the acquisition of OpenBet. In particular, there can be no assurances that the Transaction will be completed or that any financing alternatives that may be available to the Company to fund the Transaction will be realized on terms satisfactory to the Company, if at all. Forward looking statements are based on certain assumptions regarding the OpenBet's expected growth, results of operations, performance, industry trends and growth opportunities. Additional key assumptions on which forward-looking information is based include assumptions about regulatory decisions and outcomes, access to capital markets, timing and completion of the Transaction, and the realization of the anticipated benefits and synergies of the Transaction.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward looking statements. Applicable risks and uncertainties include, but are not limited to: credit, market, currency, operational, liquidity and funding risks, including changes in economic conditions, interest rates or tax rates, the impact of government regulation on the on-line gaming industry and the risk that such regulation is subject to change, competition from other providers of online gaming services, the possibility that the Company will be unable to successfully integrate OpenBet's business as described herein, the risks associated with international and foreign operations, the impact of consolidations in the online gaming industry and the other risks identified under the heading "Risk Factors" in the Company's final long form prospectus dated December 18, 2014, and final short from prospectus dated July 9, 2015, each as filed on SEDAR at www.sedar.com, and in other filings that NYX may make with applicable securities authorities in the future. The forward-looking statements contained herein reflect NYX's current views with respect to future events, and except as required by law, NYX does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events, or otherwise. Any forward-looking statements or facts (including financial information) related to OpenBet's business discussed or disclosed herein are derived from information obtained from OpenBet and publicly available sources and has not been independently verified by the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE NYX Gaming Group Limited
For further information: For Media Enquiries please contact: Huw Thomas, Chief Corporate Development and Marketing Officer, NYX Gaming Group, M: +44 7833 296 091, E: [email protected]