• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

NYX Gaming acquisition to benefit Sci Games: DB

Jan 23, 2018 Newsdesk Latest News, World  


NYX Gaming acquisition to benefit Sci Games: DB

Brokerage Deutsche Bank Securities Inc says it regards “favourably” the recent acquisition of Canada-based sports betting firm NYX Gaming Group Ltd by casino equipment supplier and lottery services business Scientific Games Corp. The deal was confirmed earlier this month, giving Scientific Games access to NYX Gaming’s OpenBet sports book.

“We view the decision to acquire NYX favourably, especially in light of the more recent traction towards the elimination of PASPA and the potential for broader based legalised sports book wagering,” said analysts Carlo Santarelli and Danny Valoy in a Monday note. They were referring to the U.S. Professional and Amateur Sports Protection Act, which effectively at present outlaws sports betting across that country, except in a few states including the casino jurisdictions of Nevada and New Jersey.

In the memo, the Deutsche Bank team raised the earnings estimates for Scientific Games.

“We anticipate a largely sound fourth quarter 2017 report, driven by solid gaming segment performance, continued margin traction, and December strength in the domestic lottery segment,” said the analysts. “Our fourth quarter 2017 AEBITDA [attributable earnings before interest, taxation, depreciation and amortisation] estimate is US$317 million (US$307 million prior),” they added.

The brokerage also raised the forecast for Scientific Games’ 2018 AEBITDA to US$1.297 billion from US$1.250 billion, “driven primarily by the gaming segment and modestly lower research and development expenditures,” said Monday’s memo.

Earlier this year, Scientific Games acquired social game developer Spicerack Media Ltd and online casino game developer Red7Mobile Ltd. The respective terms of the deals were not disclosed.

Scientific Games in November reported third quarter revenue of US$768.9 million, up by 6.8 percent in year-on-year terms. The firm’s net loss for the third quarter declined to US$59.3 million from US$98.9 million in the prior-year period, while AEBITDA increased 10 percent year-on-year, to US$299.0 million.


  • tweet
Related articles
  • Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook
    Donaco posts US$1.3mln 4Q EBITDA, flags...

    Jan 31, 2023  

  • Pagcor 2022 income up 66pct y-o-y, tops US$1bln
    Pagcor 2022 income up 66pct y-o-y, tops...

    Jan 31, 2023  

More news
  • Macau ops track earlier recovery after Jan GGR: analyst
    Macau ops track earlier recovery after...

    Feb 01, 2023  

  • Prominent locals speak in court for Tak Chun boss Levo Chan
    Prominent locals speak in court for Tak...

    Feb 01, 2023  


Latest News

Macau ops track earlier recovery after Jan GGR: analyst

Macau ops track earlier recovery after Jan GGR: analyst

Feb 01, 2023  

Most of Macau’s casino operators are likely to generate positive free cash flow in the first quarter, given the robust recovery level of mass-market gross gaming revenue (GGR) in January, relative...
Read More
Prominent locals speak in court for Tak Chun boss Levo Chan

Prominent locals speak in court for Tak Chun boss Levo Chan

Feb 01, 2023  

January travel lift, CNY sees Macau GGR up 233pct m-o-m

January travel lift, CNY sees Macau GGR up 233pct m-o-m

Feb 01, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Momentum is expected to grow as mainland China recently reopened its borders, and this presents a substantial growth potential for us as historically a large portion of our clientele came from China”

Porntat Amatavivadhana

Non-executive chairman of Donaco International



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPMMacau CNY mass GGR maybe 60pct plus of CNY 2019: JPM January 31, 2023
  • January travel lift, CNY sees Macau GGR up 233pct m-o-mJanuary travel lift, CNY sees Macau GGR up 233pct m-o-m February 1, 2023
  • Chinese comeback limited impact on Singapore IRs: bankChinese comeback limited impact on Singapore IRs: bank January 31, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us