Scientific Games Completes NYX Gaming Acquisition
Scientific Games completed its NYX Gaming acquisition move last Friday. This allows for the provider to start 2018 with solid offerings to its client.
Scientific Games’ acquisition of NYX Gaming is based on different reasons, and one of these is to take over NYX Gaming’s sports betting platform. With the team up of the two companies, the iGaming market can expect a more diverse and competitive offering from Scientific Games.
Kevin Sheehan, chief executive of Scientific Games, said:
“We are thrilled by the strong support from NYX shareholders and we are very excited about our combined companies’ future growth potential. By bringing together Scientific Games and NYX, we will create a world leader in digital gaming and sports betting, a company with an unrivalled, end-to-end product portfolio and an innovative driving force in the industry.”
Shareholders Voted Unanimously
Scientific Games made the acquisition deal with NYX Gaming at a price of CAD$775 million or US$626.5 million. The amount is for 10 percent of NYX’s shares.
The shareholders of NYX Gaming have unanimously voted last month to approve the deal. The tally of votes from the shareholders is presented to the Royal Court of Guernsey to gain its approval. There must be at least 75 percent of votes of agreement in order for the deal to push through.
Matt Davey, chief executive of NYX Gaming, said:
“The acquisition will be a win-win for both companies and our collective shareholders. By joining Scientific Games, we will become part of a company with unmatched global reach, resources and industry leading content. The leaders of both NYX and Scientific Games are committed to delivering significant value for our customers across the full spectrum of digital gaming.”
Upon the completion of the deal with Scientific Games, NYX Gaming’s ordinary shares will be delisted on Jan. 10 from the TX Venture Exchange. The delisting will occur on or before NYX closes its business.
| Read More: Scientific Games Acquires NYX Gaming Group
Scientific Games to Own OpenBet Sportsbook
Scientific Games looks forward to gaining NYX’s OpenBet Sportsbook. This is one of the leading global sports betting platforms on the market. OpenBet can be delivered seamlessly through Scientific Games’ global gaming and lottery networks within its existing market. The sportsbooks can also open the doors to the US and other regulated markets in the future.
“Scientific Games’ acquisition of NYX will provide immediate and compelling cash value for our shareholders, expand the products and solutions we are collectively able to offer our customers and accelerate the execution of our long-term strategic plan. We will now have scale, content and product development capabilities, complementary global infrastructure and access to an expanded customer base. We believe Scientific Games is the ideal partner for NYX, and we look forward to working alongside the talented Scientific Games team.”
NYX portfolio of digital games will strengthen Scientific Games portfolio. The acquired casino games are a good addition to SG’s lottery and other software offerings.
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