NYX Gaming Group Approved by British Columbia, Quebec and Nova Scotia
Having just welcomed Todd McTavish as the company’s Chief Legal Officer, NYX Gaming Group (TSXV:NYX) has received approval to provide its products and services across three Canadian Provinces: British Columbia, Quebec, and Nova Scotia.
In Canada, gambling is regulated and legal only when it’s managed by a provincial government. As far as British Columbia is concerned, all gaming activities there, including horse racing and licensed gaming events, are monitored by British Columbia Gaming Policy & Enforcement Branch and regulated in accordance with the Gaming Control Act. All commercial gambling, including online gaming, however, can only be in the hands of the Lottery Corporation, making NYX Gaming Group the “Gaming Service Provider”.
This was not the first time the British Columbia made an agreement with the group, as in November last year, NYX Gaming Group Limited was granted unconditional registration as a Class B Supplier, through its sportsbook technology business OpenBet.
Quebec is another Canadian Province, where the government agency Loto-Québec is the only authority which develops and operates local lotteries. By the way, just yesterday, the company paid out the largest-ever jackpot worth $60 million, which you can read here. To Loto-Québec, NYX is registered as an “Approved Gaming Supplier”.
Finally, Nova Scotia, the second-smallest province in Canada, has also made a partnership agreement with the group as a “Lottery Equipment Supplier”. Managed by Nova Scotia Alcohol, Gaming, Fuel and Tobacco Division, their local laws are regulated by Nova Scotia’s Gaming Control Act and the Atlantic Lottery Regulations. One interesting fact about local regulation is that profits generated by the institution go into the province’s general revenues to help pay for important programs, services and infrastructure.
Matt Davey, CEO NYX Gaming Group, had this to say: “Satisfying the comprehensive conditions set out by the gaming regulators and authorities across these Provinces is testament to our long term strategy to operate at the highest levels in regulated gaming worldwide. The approvals pave the way to expand our footprint with gaming content and sportsbook services across Canada.”
With this new deal, the group widens its global presence across regulated markets even more. Just recently, in December, NYX Gaming has secured a deal with Mr Green.it via its Italian subsidiary Game360, while in November same year, they strengthened their position in the Baltic States with a deal with Olympic Entertainment Group.
Being crowned 2016 Platform of the Year, NYX’s Open Gaming System with thousands of game will be now available to even more players. This includes their hit slots Gorilla Go Wild, Foxin’ Wins and Merlin’s Millions series, as well as branded releases that include the latest DC Comics video slots like Justice League.
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