Scientific Games Corporation is pleased to reveal that it has entered into a definitive agreement with NYX Gaming Group Limited that will see it acquire NYX and further increase Scientific Games Corporation’s leadership position.
In terms of the agreement, Scientific Games will acquire all of the outstanding ordinary shares of NYX for CAD$ 2.40 per share that is equivalent to an enterprise value of about CAD$ 775 million (US$ 63l million).
Scientific Games, a world leader offering customers a fully integrated portfolio of technology platforms, robust systems, engaging content and services, together with NYX Gaming, one of the fastest growing B2B real-money digital gaming and sports betting platforms in the world, will form an industry-leading force across iGaming, iLottery and Sports.
The addition of NYX’s OpenBet Sportsbook, will see Scientific Games being perfectly position to capitalize on future regulatory developments in real-money wagering and sports betting.
NYX’s digital Sportsbook can be seamlessly delivered throughout Scientific Games’ global gaming and lottery networks in existing as well as future regulated US and global markets.
Kevin Sheehan, President and Chief Executive Officer at Scientific Games, said that this important transaction creates a global gaming and lottery powerhouse. He added that Scientific Games will be a stronger industry leader offering one of the broadest end-to-end portfolios of engaging content, innovative technologies and digital products and services across gaming and lottery.
Sheehan went on to say that this strategic and financially compelling acquisition combines NYX’s premier digital gaming and sports betting platforms and expansive distribution network to their own global, industry-leading content, technologies and digital products and services. He added that NYX ideally positions them to capitalize on the growing online gaming and sports betting markets.