Issuing a corporate statement, Nasdaq-listed gambling technology provider Scientific Games Corporation (SGC) has today confirmed that it has completed its acquisition of online gambling platform and software supplier NYX Gaming Group.
SGC governance closes its pursuit of Toronto TSX-listed NYX Gaming, which began in September 2017, when the technology firm proposed a $630 million deal to acquire NYX assets outright.
Seeking to bolster its digital betting/gaming operations, SGC governance would undertake an aggressive buyout of NYX’s shareholding.
Gaining the deal approval of key stakeholders William Hill and Sky Bet, SGC governance called for final NYX shareholder vote this December, securing a unanimous 99% approval for its takeover.
Updating stakeholders, Kevin Sheehan, Scientific Games Chief Executive Officer stated “Today, Scientific Games moves forward as a leading digital provider of sports betting, iGaming and iLottery technologies, platforms, content, products and services”.
“As we look to 2018, we are truly excited by the opportunities that this acquisition presents to us.”
In its deal prospectus, SGC governance announced that following the acquisition of NYX assets, the company would move to realign its digital services division, which would be now led by NYX CEO Matt Davey as SGC Group President of Digital Gaming.
The deal completion, sees SGC boost its online gambling software securing NYX’s popular Open Gaming Systems. Furthermore, SGC will gain a significant foothold in the global online betting market, adding the OpenBet systems to its client provisions.
NYX Gaming is expected to end its trading as a Toronto TSX enterprise on the 10 January 2018.
Source: SBC News