Acquisition of NYX Finalized
Scientific Games, a technology provider in the US has finalized its acquisition of NYX Gaming Group, a software supplier and online gambling platform. This was announced two weeks after 99.6% of NYX shareholders agreed on the takeover in December. NYX CEO Matt Davey stated that the takeover was mutually beneficial to both companies.
It was stated by Sci Games that NYX ordinary shares would be delisted from TSX Venture Exchange in Toronto on or before 10 January 2018 subsequent to the completion of the acquisition. CEO and president of Sci Games, Kevin Sheehan stated that the procurement of NYX Gaming would place the company in a flawless position “to capitalize on future regulatory developments in real-money wagering and sports betting, by adding NYX’s industry-leading OpenBet sportsbook.”
It was mutually agreed by both companies that Davey is to be appointed as president of Sci Games Group’s Digital Gaming; while the United States listed company reworks its digital service department.
Scientific Gaming’s position in the betting marketplace globally, will acquire an added bolster now that it will allow them to provide the OpenBet platform across its gaming and lottery networks, and insert the OpenBet systems into its client requirements.
The two companies announced in September that they had entered into a conclusive acquisition agreement. Initially, British bookmaker William Hill met the application with much resistance. He wanted guarantees from Sci Games on the future of his OpenBet-powered betting platform. This brought about Sci Games and NYX Gaming lodging individual anti-trust suits against Hill.
Come December, Hill and Sci Games decided to let the past go and signed a harmonious agreement that ended all current lawsuits. This agreement also reached a commercial agreement, which addressed all of Hill’s prior worries