GGRAsia – Acquisition of NYX Gaming completed: Sci Games

Acquisition of NYX Gaming completed: Sci Games

Jan 08, 2018 Newsdesk Latest News, Top of the deck, World

Casino equipment supplier and lottery services business Scientific Games Corp says it has completed the acquisition of Canada-listed sports betting firm NYX Gaming Group Ltd.

Kevin Sheehan, Scientific Games’ chief executive and president, stated the deal gave his group access to NYX Gaming’s OpenBet sports book.

“Scientific Games will now be perfectly positioned to capitalise on future regulatory developments in real-money wagering and sports betting,” Friday’s release stated.

The ordinary shares of NYX Gaming previously listed on the TSX Venture Exchange in Toronto were due to be delisted “on or before” Wednesday this week, added the document.

Scientific Games first announced its intention to acquire NYX Gaming in September for approximately CAD775 million (US$625 million), including debt.

In November, NYX Gaming lodged a legal complaint against one of its then-shareholders, British betting brand William Hill, via the New Jersey Superior Court in the United States, alleging anti-competitive behaviour by William Hill and an attempt to block the deal between NYX Gaming and Scientific Games.

The litigation ended in December after the parties involved in the lawsuit made a separate settlement.