pcJ News Briefs – Scientific Games Corporation (NASDAQ: SGMS) has completed the previously announced acquisition of NYX Gaming Group Limited (TSX-V: NYX) for $775 million.
Scientific Games acquired all of the outstanding ordinary shares of NYX for CDN $2.40 per share, equivalent to an enterprise value of approximately CDN $775 million, or approximately US $631 million.
NYX Gaming Group shares will be delisted from the TSX Venture Exchange on or before the close of business on January 10, 2018.
photo credit: NYX Gaming Group
News Release
Scientific Games Completes Acquisition of NYX Gaming Group
Combination Creates Leading B2B Provider of Digital Gaming and Sports Betting Technology, Platforms, Products and Content
Las Vegas, January 5, 2018 – Scientific Games Corporation (NASDAQ:SGMS) (“Scientific Games” or the “Company”) announced today that it has completed the previously announced acquisition of NYX Gaming Group Limited (TSXV:NYX) (“NYX”).
In connection with the completion of the acquisition, the NYX ordinary shares are expected to be delisted from the TSX Venture Exchange on or before the close of business on January 10, 2018.
“Today, Scientific Games moves forward as a leading digital provider of sports betting, iGaming and iLottery technologies, platforms, content, products and services,” said Kevin Sheehan, Scientific Games Chief Executive Officer and President. “As we look to 2018, we are truly excited by the opportunities that this acquisition presents to us.”
Together, Scientific Games, a world leader offering customers a fully integrated portfolio of technology platforms, robust systems, engaging content and services, and NYX, one of the fastest growing B2B real-money digital gaming and sports betting platforms in the world, form an industry-leading force across iGaming, iLottery and Sports. Scientific Games will now be perfectly positioned to capitalize on future regulatory developments in real-money wagering and sports betting by adding NYX’s industry-leading OpenBet Sportsbook. NYX’s digital Sportsbook can be seamlessly delivered throughout Scientific Games’ global gaming and lottery networks in existing and future regulated U.S. and global markets.
In addition, NYX’s worldwide channels, markets and customer base offer new growth opportunities to build on the significant momentum of Scientific Games’ existing interactive gaming business. The transaction will be accretive to earnings and cash flow this year.
Company Contacts
Investor Relations:
Scientific Games: Michael Quartieri +1 702-532-7658
Executive Vice President and Chief Financial Officer
Media Relations:
Scientific Games: Susan Cartwright +1 702-532-7981
Vice President, Corporate Communications
susan.cartwright@scientificgames.com
About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a global leader in technology-based gaming systems, table games, table products and instant games and a leader in products, services and content for gaming, lottery and interactive gaming markets. Scientific Games delivers what customers and players value most: trusted security, creative content, operating efficiencies and innovative technology. Today, Scientific Games offers customers a fully integrated portfolio of technology platforms, robust systems, engaging content and unrivaled professional services. For more information, please visit www.scientificgames.com.
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