Global Daily Fantasy Sports has decided to sign an agreement with NYX Digital Gaming LLC, which is a subsidiary enterprise of NYX, to provide a B2B daily fantasy sports product on the Open Gaming System platform released by NYX.
According to the deal, NYX will grant Global Daily Fantasy Sports a right to offer its daily fantasy sports product on the Open Gaming System platform. In addition, NYX will offer its customer base and be engaged in promoting the product. Global Daily Fantasy Sports will pay 500,000 dollars to NYX. The amount will be divided into three shares paid after signing a term sheet, making an agreement, and launching the daily fantasy sports product, respectively.
Moreover, monthly payouts are also mentioned in the agreement. The partnership between the companies will last at least five years.
NYX is a US-based company that develops games for the leading international gaming operators. Its stuff includes 1,100 employees. The subsidiary enterprises of the company are located in 14 countries all over the world. NYX supplies its customers with the best gaming products, including bingo games, various casinos, lotteries, and bookmakers. The company is highly appreciated on the gambling market. This fact is confirmed by its numerous awards, including 2016 Platform of the Year.
The list of NYXís includes the world-renowned betting operators such as Bet365, William Hill, Ladbrokes, Paddy Power, Betfair, SkyBet, and Coral.
Letís briefly discuss the subject of cooperation between NYX and Global Daily Fantasy Sports, namely daily fantasy sports.
This sector of entertainment is actively developing. At the moment, its growth is being observed worldwide. The total value of the daily fantasy sports industry is billions of dollars. Every day more and more players discover this prospective kind of entertainment.
It should be noted that this way to spend a free time has been legal in European countries since 2014. And many companies, including DraftKings, Oulala, MondoGoal, Fanteam, Fanaments, and PlayOn, have already entered the European market.
The B2B daily fantasy sports product offered by Global Daily Fantasy Sports Inc. will surely contribute to even higher popularity of daily fantasy sports, allowing the company to increase its annual revenue.