Specialist media & technology law firm Wiggin LLP has advised Amaya Inc., the Canadian online gambling group, on the negotiation of its licensing agreement with NYX Gaming Group, as part of the sale of Amaya’s subsidiaries Chartwell and Cryptologic.
A subsidiary of Amaya Inc. and NYX anticipate entering into a supplier licensing agreement for a term of six years, under which NYX will provide certain casino gaming content to Amaya’s real-money casino offering, which Amaya intends to integrate into the PokerStars and Full Tilt branded casino websites. Pursuant to the agreement, a subsidiary of Amaya will provide NYX with a minimum license commitment in the amount of $12,000,000 per year for each of the first three years of the agreement.
Head of the Betting and Gaming group at Wiggin LLP Jason Chess led the team who assisted Amaya’s in-house counsel. Jason has a particular expertise in electronic betting and gaming, as well as all types of lotteries, competitions and promotions. He represents the platforms and operators providing electronic gambling as well as the brand and media owners who use remote gambling to monetise existing audiences. He advises on the regulation and marketing of betting and gaming, as well as the associated issues of distribution and sponsorship.