Scientific Games closes acquisition of DEQ Systems

Scientific Games Corporation (NASDAQ: SGMS) has completed the acquisition of DEQ Systems Corp. (TSX-V: DEQ) at $0.38 per common share in cash for approximately $27.6 million.

The acquisition was approved by shareholders on November 3, 2016 and by court on November 10, 2016.

Union Gaming Securities, LLC acts as financial advisor to DEQ, and Osler, Hoskin & Harcourt LLP acts as legal counsel to DEQ. McMillan LLP acts as legal counsel to Scientific Games.

DEQ Systems is one of the market leaders in Table Games, Progressive Systems, Proprietary Table Games content and Utility solutions. DEQ’s systems and games are installed in over 300 casinos, in 30 countries around the world.

photo credit: DEQ Systems

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.