TSXV:NYX.DB - Post by User
Post by
stocksnbondson May 24, 2015 11:03pm
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Post# 23759527
Enjoying page 10 of the report
Enjoying page 10 of the report Acquisition of Cryptologic/Chartwell
Provides NYX with what management believes will be the world’s fastest growing online casino customer (PokerStars & Full Tilt)
Minimum license commitment of $12 million for first three years
Entered into a six year preferred Licensing Agreement to provide content to Amaya as casino business achieves scale
Generate substantial synergies of approximately $7.0 - $9.0 million (excluding revenues from Licensing Agreement)
Expected to be materially accretive to near-term EPS Enhances NYX’s gaming content by adding ~300 titles Increases NYX’s operating and public markets profile
[N.B. I read the terms of purchase and it states that the 12 million minimum license commitment is EVERY YEAR not 12 million/3 years or 4 million. This is guaranteed added cash flow for 3 years AT A MINIMUM as AYA achieves scale on the casino side !!]
Good luck all,
sb