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NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB



TSXV:NYX.DB - Post by User

Post by bohikamon Dec 21, 2016 9:35am
121 Views
Post# 25628963

news

newsCNS) NYX Announces £15 million Debt Add-On to Increase Flexibil
ity and to Fund the Company's Ongoing Consolidation

+------------------------------------------------------------------------------+

NYX Announces £15 million Debt Add-On to Increase Flexibility and to Fund the Company's Ongoing Consolidation
2016-12-21 14:07:36.732 GMT

NYX Announces £15 million Debt Add-On to Increase Flexibility and to Fund the
                      Company's Ongoing Consolidation

  Canada NewsWire

  LAS VEGAS, NV, Dec. 21, 2016

LAS VEGAS, NV, Dec. 21, 2016 /CNW/ - NYX Gaming Group Limited (TSXV:NYX)
 ("NYX Gaming Group" or "Company") announced today that its wholly owned
subsidiary, NYX Digital Gaming (OB SPV) Limited, amended its Senior Facilities
Agreement with ARES Management to increase the term facility commitment by £15
million at the same rate as its existing term debt.  Under the terms of the
amended agreement, the Company has the ability to utilize the incremental
£15mm in any of the Company's wholly-owned subsidiaries. 

The Company plans to use the additional capital for working capital purposes,
various organic growth initiatives in its casino business, and the continued
integration of the Company's operating businesses.  "This add-on term debt
substantially enhances our financial flexibility.  It will allow for an
acceleration of our consolidation strategy with OpenBet and provide an
additional working capital cushion.  This is the first step of the Company's
initiative to improve its capital structure." said CEO Matt Davey.

Additional information relating to NYX Gaming Group and its business may also
be found on SEDAR at www.sedar.com and the Company's website at
www.nyxgaminggroup.com .

Disclaimer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is definite in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements and Non-IFRS Financial Measures

Certain statements included herein, including those that express management's
expectations or estimates of our 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 are based on certain assumptions
regarding the Company's expected growth, results of operations, performance,
industry trends and growth opportunities.  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 be unable to successfully integrate the B2B
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, as filed on
SEDAR at www.sedar.com , and in other filings that NYX Gaming Group may make
with applicable securities authorities in the future.  The forward-looking
statements contained herein reflect NYX Gaming Group's current views with
respect to future events, and except as required by law, NYX Gaming Group does
not intend, and undertakes no obligation, to update any forward-looking
statements to reflect, in particular, new information or future events, or
otherwise.

This release contains Non-IFRS financial measures and are noted where used.
 These financial measures are used by many investors to compare companies and
management believes they are important measures in evaluating NYX Gaming
Group.  However, they are not recognized measures under IFRS and do not have a
standardized meaning prescribed by IFRS.  Therefore, they may not be
comparable to similar measures presented by other issuers.  Investors are
cautioned that such measures should not be construed as alternatives to
comparable IFRS measures determined in accordance with IFRS.

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.

NYX Gaming Group Limited is listed on the TSX Venture Exchange under the
symbol ( NYX.V ).

About NYX Gaming Group Limited

NYX Gaming Group Limited is a leading digital gaming provider headquartered in
Las Vegas, USA with a staff of more than 1,000 employees based in over a dozen
countries across Europe, North America, Asia, and Australia. The Company
provides one of the world's largest portfolios of leading content and
technology to some of the foremost gaming operators, lotteries and casinos
across the globe. NYX also has one of the broadest distribution bases in the
industry with over 200 unique customers and the widest portfolio of content
available from their own global studios and broad partner network. The
diversified game catalogue delivers content across web and mobile formats,
focusing on Bingo, Casino, Lottery and Sportsbook verticals.

NYX's Open Gaming System (OGS™) was recently named 2016 Platform of the Year
in acknowledgement of its position as the industry's market-leading gaming
offering, which allows licensees to leverage the best-of-breed multi-vendor
casino content from around the world.

NYX Gaming Group Limited is listed on the TSX Venture Exchange under the
symbol (TSXV: NYX).

https://www.NYXGamingGroup.com

SOURCE NYX Gaming Group Limited

Matt Davey, Chief Executive Officer, NYX Gaming Group Limited, 1-702-586-8428;
Joann Head, Director of Investor Relations, 1-647-962-9600

For further information: Matt Davey, Chief Executive Officer, NYX Gaming Group
Limited, 1-702-586-8428; Joann Head, Director of Investor Relations,
1-647-962-9600

CO: NYX Gaming Group Limited

ST: Nevada

NI: CNO LOAN MNA

-0- Dec/21/2016 14:07 GMT
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