Nasdaq-listed industry technology supplier Scientific Games Corporation (SGC) has today confirmed that it has secured the outright approval of NYX Gaming shareholders to acquire the business for $630 million.
Since November, SGC governance has moved buy-up shares in Toronto TSX-listed NYX as the technology group seeks to accelerate the growth of its digital services and operations.
Updating the market, SGC informs that its bid has secured 99% approval by NYX shareholders casting votes in an Extraordinary General Meeting. SGC governance now targets completing its acquisition by early January 2018.
This December, SGC governance secured the approval of William Hill and Sky Bet major stakeholders in NYX’s online betting platform OpenBet, to proceed with the acquisition.
A pleased Kevin Sheehan Group CEO & President of Scientific Games commented: “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,”
Acquiring NYX assets, SGC has previously outlined four key strategic dynamics that the technology group will gain: 1. Expanding its digital games portfolio for its client base 2. Securing an instant foothold within the global sports betting market, 3. Strengthening its all-around digital infrastructure and services and 4. Significantly bolstering SGC’s market position within the global gambling sector.
Taking control of NYX, SGC will move to realign its digital divisions appointing NYX leader Matt Davey to the position of Scientific Games President of Digital Gaming
“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,” commented Matt Davey
Source: SBC News
