Nov 24, 2017 Newsdesk Latest News, Top of the deck, World  
Casino equipment supplier and lottery services business Scientific Games Corp on Friday said it had increased its stake in target business NYX Gaming Group Ltd to the equivalent of approximately 36.01 percent of the latter’s issued and outstanding ordinary shares.
On Tuesday Scientific Games stated it had for the first time acquired an equity holding in NYX Gaming – a specialist in sports betting – equal to 10.72 percent of its issued and outstanding ordinary shares.
The latest transaction – involving acquisition of NYX Gaming ordinary shares, warrants and exchangeable preferred shares from four existing stockholders – cost Scientific Games just over CAD87.7 million (US$68.9 million), taking its spending on stock acquisition in the target to CAD114.8 million in just a few days.
Scientific Games acquired a total of nearly 27.38 million ordinary shares of NYX Gaming, approximately 3.54 million warrants and 40,000 exchangeable preferred shares, in the latest deal, it said.
“If all of such warrants and exchangeable preferred shares were exercised and exchanged, Scientific Games would own 51,685,578 ordinary shares, representing 42.74 percent of the issued and outstanding ordinary shares [in NYX Gaming],” the suitor added in its Friday announcement.
In the most recent deal, Scientific Games paid CAD2.40 per ordinary share, compared to payments in the range of CAD2.22 to CAD2.35 per share in the earlier transaction.
“In the future, Scientific Games may acquire additional ordinary shares or securities convertible into ordinary shares or dispose of such securities,” the suitor noted.
The gaming technology group had in September flagged a CAD775-million tilt for NYX Gaming, a sum that includes paying off the target’s outstanding debt.
Jan 05, 2023
Oct 11, 2022
Jun 02, 2023
Jun 02, 2023
Jun 02, 2023
Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
US$8.1 billion
Macau’s casino gross gaming revenue in the five months to May 31