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NYX Gaming Files Suit Against William Hill
NYX Gaming, one of the world’s leading online casino developers and the maker of the award winning NYX OGS multi-vendor system, is suing UK based online casino giant William Hill, the company said in a statement.
NYX filed the suit in the Chancery Division of the Superior Court of New Jersey in Atlantic County after William Hill objected to Scientific Games’ proposed purchase of NYX.
“NYX alleges that its shareholder William Hill has engaged in wrongful conduct in violation of the New Jersey Antitrust Act in attempting to block the Acquisition, which will bring great benefits to the nascent regulated sports betting industry,” NYX Gaming said in a statement to its corporate website.
OpenBet Platform At Issue
The dispute centers around OpenBet, a platform for sports betting that is currently being used by William Hill. Presumably, William Hill is looking for assurances that they will be able to continue to use the platform without any issue, even after the acquisition goes through. Without some kind of contractual guarantee being offered, William Hill decided that litigation was necessary in order to clarify/protect their rights.
NYX took issue with the tactic, whose suit accused William Hill of “wrongful conduct in violation of the New Jersey Antitrust Act.”
Injunctive Relief, Damages Sought
Underlying the deal between NYX and Scientific Games is the fact New Jersey is challenging the current state of US sports betting laws in the US Supreme Court. Should NJ get its way, the market that is currently monopolized by Nevada would be blown wide open — and offer huge new opportunities to operators around the world looking to get in on the action.
William Hill already has a thriving sportsbook in Nevada, and would be able to quickly and easily open up in NJ if allowed. NYX/Scientific believes that with such a possibility being imminent, William Hill is trying to tie the companies up in litigation.
Even if the suit eventually failed, it would have the practical effect of keeping them from getting into the market when it opens — allowing William Hill to operate with fewer competition in the initial months after legalization. For that reason, NYX is accusing William Hill of violating anti-trust laws and seeking punitive damages.
“The complaint seeks injunctive relief, treble damages and attorney’s fees for violations of the New Jersey Antitrust Act, and also alleges tortious interference with economic advantage, and tortious interference with contract, and seeks punitive damages,” NYX said.