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.
Jan 25, 2022The International Monetary Fund (IMF) expects Macau’s economy to continue to expand in coming years, after an estimated 17-percent growth in 2021, “helped by the partial recovery of the gaming...
Jan 24, 2022
”Boosted by increasing investment linked to the issuance of new gaming concessions and further integration with the Guangdong‑Hong Kong‑Macao Greater Bay Area, [Macau's] growth is expected to accelerate to 23 percent in 2023"
International Monetary Fund