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BRIEF-William Hill says to invest in Canadian NYX Gaming Corp

Published 2016-04-04, 07:30 a/m
© Reuters.  BRIEF-William Hill says to invest in Canadian NYX Gaming Corp
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April 4 (Reuters) - William Hill Plc WMH.L :
* Announces that it has entered into a long-term commercial
agreement with NYX Gaming Group Limited
* Is investing 80 million stg in form of a note redeemable
in cash or shares in NYX with an interest coupon of 6 pct
payable in kind
* Investment and a further amount of 10 million stg in
equity in NYX by William Hill supports acquisition of openbet
for 270 million stg, part of NYX's vision for growth.
* Sky betting and Gaming (Skybet) is also investing as part
of consortium with William Hill in NYX and is also investing in
note and equity
* Citigroup (NYSE:C) Global Markets Limited acted as sole financial
adviser to William Hill on its investment in NYX.

Source text for Eikon: ID:nRSD0745Ua
Further company coverage: WMH.L

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