Scientific Games Corporation has agreed a CA$775m acquisition deal for NYX Gaming Group.
The move is seen as a strengthening SG’s igaming business and helps to position SG to make the most of future developments in sports betting.
NYX’s OpenBet sportsbook will then be in the hands of SG. The deal values each NYX share at $2.40, 112 per cent of the NYX closing share price on Tuesday of this week and will be financed with cash and debt.
Said Kevin Sheehan, CEO at SG: “This transaction creates a global gaming and lottery powerhouse. Scientific Games will be a stronger industry leader offering one of the broadest end-to-end portfolios of engaging content, innovative technologies and digital products and services across gaming and lottery.”
For NYX, CEO Matt Davey, added: “We will now have scale, content and product development capabilities, complementary global infrastructure and access to an expanded customer base. We believe Scientific Games is the ideal partner.”
After completion, Davey will head a new digital gaming and sports division at SG.
