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

NR

[Carpenter72]

Press Release: NYX Gaming Group Strengthens Management Team with Chief Legal Officer Appointment

NYX Gaming Group Strengthens Management Team with Chief Legal Officer Appointment 

Canada NewsWire 

TORONTO, Jan. 11, 2017 

TORONTO, Jan. 11, 2017 /CNW/ - NYX Gaming Group (TSX-V: NYX), a market leading end-to-end supplier to lotteries, casinos and gaming operators across the globe, is pleased to announce another key management appointment in the Group Executive Team to further develop the organisation's execution capabilities. 

Todd McTavish joins the Company as Chief Legal Officer and will lead the groups legal and compliance functions. 

Matt Davey, CEO of NYX Gaming Group, said: "Todd joins us with extensive experience in corporate law, business strategy, regulatory and product compliance. We continue to experience rapid growth and we have appointed Todd to add further strength to our senior management team. 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. Todd joins us at a very exciting period of our growth and I'd like to welcome him to the team." 

Todd commented: "NYX has established a highly attractive position in the market across multiple product categories. After a period of strategic M&A the focus of the business has turned to world-class execution. The strength of the combined business will be underpinned by critical decisions within our legal, compliance and strategy functions. I'm looking forward to working with the team as we take NYX through the next phase of its impressive growth story." 

Before joining NYX, Todd's previous roles included General Counsel, Chief Compliance Office and Company Secretary of Multimedia Games (Everi), and General Counsel for Video Gaming Technologies. 

The role of Chief Legal Officer is effective as of January 16th, 2017, and will be based at the Group's Las Vegas Headquarters. 

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 1000 employees globally across Europe, North America, Asia, New Zealand 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(TM)) 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 

To view this news release in HTML formatting, please use the following URL: https://www.newswire.ca/en/releases/archive/January2017/11/c2123.html 

/Web site: www.nyxgg.com 

 Copyright CNW Group 2017 

(END) Dow Jones Newswires

January 11, 2017 08:19 ET (13:19 GMT)

 

[maypeters]

Hopefully this guy helps in the execution but this does not cater to the call for savings or lower headcount GLTA

[eljoro]

It does however, speak peripherally to the medium term health of the company. One would assume that highly skilled, highly qualified person would not take such a position without some kind of understanding about the longer term health and prospects of the company. I few this a neutral to slightly positive development in the short terms and potentially very positive in the medium and longer term.

[Carpenter72]

Agree. Hope this guy is good. If the Board goes on the fat cut mode and execution, you need to know all the implications every move leads financialy and legaly too...However I believe we must have stong management team to help Matt on several aspects and I don't think this is where we should save money...  Hope they know where they're going...

[stocksnbonds]

He's based out of Vegas. He will not be helping with reduction in headcount. It's a necessary function. Surprised they did not have one previously. The cost cutting will be the function of the HR dept. directed by the senior exec team.  Matt did state on the last CC that the new revamped verticals will dictate the firm's new organizational structure going forward. Perfect time to

[ForesstGump]

This post has been removed in accordance with Community Policy

[stocksnbonds]

I realize the position is needed. Just can't help thinking headcount is still increasing.  This position will cost at least 250 000 US + options. Will NYX shrink headcount to offset the hire? I doubt it.  Looks like personnel cost will rise again this quarter. Was really hoping for stable costs.   The next phase of NYX seems to be to get bloated. More empire building. I know

[Hateshorts]

why don't you request an update on the integration between OB and their core operations

[stocksnbonds]

Sure, so they will give me sensitive information like that. Makes perfect sense to me.  Heck, it takes 3-4 weeks before I get a "canned" cut and pasted comment back from I.R. You've never tried contacting the firm obviously. Still waiting for an email sent before the Christmas break. I'm not anticipating one soon as I'm sure I.R. has more important matters to deal with.&

[NYCJohn]

This post has been removed in accordance with Community Policy

[Ellesse]

Street didn't like the news this morning.... We are going to hit 52nd week low soon. I really don't know where this bleeding will stop.... Hopefully, it will not go under $1.00..........

[stocksnbonds]

NYCJohn,  you wrote, "I get replies quite promptly from IR. No one here is calling it your first rodeo so not sure why you threw it in there." 1) My replies are not so prompt. Weeks waiting for a reply is not uncommon. I understand that we've had a holiday break recently. I'll give IR another week before sending another identical email or phoning. The responses received