• 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

Sci Games acquires 11pct of target NYX Gaming

Nov 22, 2017 Newsdesk Latest News, Top of the deck, World  


Sci Games acquires 11pct of target NYX Gaming

Casino equipment supplier and lottery services business Scientific Games Corp on Tuesday said it had acquired 11,600,000 ordinary shares in Canada-listed NYX Gaming Group Ltd. The latter is an online specialist in sports betting that Scientific Games had already targeted for a CAD775-million (US$628-million) takeover, a sum that includes paying off NYX Gaming’s outstanding debt.

Prior to the transaction flagged on Tuesday, Scientific Games did not own, directly or indirectly, any ordinary NYX Gaming shares, the suitor said. The latest transaction represented approximately 10.72 percent of the issued and outstanding ordinary shares of NYX Gaming, stated Scientific Games. The shares were purchased via the Toronto Stock Exchange Venture Exchange at prices ranging from CAD2.22 to CAD2.35 per share, representing an aggregate purchase price of just under CAD$27.1 million.

Earlier on Tuesday, Scientific Games had announced an amendment to its September 20 offer for NYX Gaming, a proposal which had anticipated acquiring “at least 75 percent” of the target’s outstanding ordinary shares.

Scientific Games said that under the amendment, the suitor and target had “agreed that should the acquisition of NYX by Scientific Games not be approved by shareholders at the shareholder vote in December or not move forward for other specified reasons, Scientific Games will commence a contractual takeover offer to NYX shareholders.”

Gibraltar-registered entity William Hill Steeplechase Ltd had said in a November 8 statement that the U.K.-based betting group William Hill controlled certain ordinary shares of NYX Gaming and convertible preference shares in a NYX Gaming subsidiary that would in aggregate give William Hill 31.9 percent of the NYX Gaming group’s ordinary shares.

In its November 8 announcement, William Hill Steeplechase accused NYX Gaming of attempting to ”frustrate the contractual rights William Hill obtained when it enabled NYX to purchase OpenBet”.

NYX Gaming had acquired OpenBet – a sports betting brand – in May 2016 for a consideration of GBP270 million (US$357.8 million), according to a press release from OpenBet issued at the time.

NYX Gaming said in a November 10 press release it had filed a lawsuit in a U.S. court against the William Hill group, alleging anti-competitive behaviour by the latter, and an attempt to block the acquisition of NYX Gaming by Scientific Games.

(Updated 5.10pm, Nov 24)


  • tweet
Related articles
  • L&W posts 1Q profit, gaming op revenue tops 2019 levels
    L&W posts 1Q profit, gaming op...

    May 11, 2022  

  • Sci Games shift to Light & Wonder done, ticker LNW live
    Sci Games shift to Light & Wonder...

    Apr 29, 2022  

More news
  • Pagcor says no ‘proof of compliance’ from Suncity Group
    Pagcor says no ‘proof of...

    May 27, 2022  

  • Casino tech supplier TCS launches money wheel for iGaming
    Casino tech supplier TCS launches money...

    May 27, 2022  


Latest News

Pagcor says no ‘proof of compliance’ from Suncity Group

Pagcor says no ‘proof of compliance’ from Suncity Group

May 27, 2022  

The Philippine Amusement and Gaming Corp (Pagcor) told GGRAsia it has not yet received “any proof of compliance” from Suncity Group Manila Inc, which would allow the company to regain its...
Read More
Casino tech supplier TCS launches money wheel for iGaming

Casino tech supplier TCS launches money wheel for iGaming

May 27, 2022  

SJM to acquire Oceanus building for US$243mln in bonds

SJM to acquire Oceanus building for US$243mln in bonds

May 27, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


540,430

Visitors arrivals to Singapore in the first four months of 2022



Most Popular

  • Alvin Chau indicted for illegal gaming, money launderingAlvin Chau indicted for illegal gaming, money laundering May 26, 2022
  • Wynn Macau Ltd asks managers to take 10pct wage in stockWynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022
  • Marina Bay Sands to hire up to 2,000 workers: firmMarina Bay Sands to hire up to 2,000 workers: firm May 26, 2022
  • Macau satellites seek biz model leeway, says Ponte 16 bossMacau satellites seek biz model leeway, says Ponte 16 boss May 26, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us