Scientific Games Officially Wraps Up NYX Deal

Today American betting group Scientific Games announced that they've finalized their purchase agreement of Canada based NYX Gaming Group for CAD $775 million.

The agreement was initially reached in September, but had to pass through shareholder votes on both sides of the transaction. The agreement passed through both ends, as well as through regulatory bodies, and now has been signed on the dotted line.

NYX shares will be de-listed on the stock markets before January 10th, and will be folded into the Scientific Games umbrella, where it will provide digital services to the firm, which specializes in land and online game development products for casinos.

Speaking about the closing Scientific Games CEO Kevin Sheehan said, "Today, Scientific Games moves forward as a leading digital provider of sports betting, igaming and ilottery technologies, platforms, content, products and services. As we look to 2018, we are truly excited by the opportunities that this acquisition presents to us."

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bgsharpe
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8 January 2018 - 8:00pm
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Should be one of the deals of the year really despite we're in the very beginning of it, so Scientific are the biggest player in this business right now, am I wrong?