Under the terms of the transaction, Scientific Games will acquire all of the outstanding ordinary shares of NYX for CAD$2.40 per share, equivalent to an enterprise value of approximately CAD$775 million, or approximately US$631 million.
Together, Scientific Games and NYX will form an industry-leading force across iGaming, iLottery and Sports.
Scientific Games will now be perfectly positioned to capitalize on future regulatory developments in real-money wagering and sports betting by adding NYX’s industry-leading OpenBet Sportsbook.
NYX’s worldwide channels, markets and customer base offer new growth opportunities to build on the significant momentum of Scientific Games’ existing interactive gaming business. The acquisition will add significant new intellectual property, expertise and global reach to NYX, one of the world’s leading digital gaming content and technology companies.
"This important
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,” said Kevin Sheehan, Scientific Games’
President and Chief Executive Officer.
"This strategic and financially compelling acquisition combines NYX’s premier
digital gaming and sports betting platforms and expansive distribution network
to our own global, industry-leading content, technologies and digital products
and services. NYX ideally positions us to capitalize on the growing online
gaming and sports betting markets,” added Sheehan.
"Scientific Games’ acquisition of NYX will provide immediate and
compelling cash value for our shareholders, expand the products and solutions
we are collectively able to offer our customers and accelerate the execution of
our long-term strategic plan,” said Matt Davey, Chief Executive Officer of NYX.
"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 for NYX, and we look forward to
working alongside the talented Scientific Games team,” concluded Davey.
It is expected that upon completion of the transaction, Matt Davey, currently Chief Executive Officer of NYX, will oversee a newly created Digital Gaming and Sports division at Scientific Games, working with the leadership of NYX and SG Interactive, including Leigh Nissim, Managing Director, B2B Interactive of Scientific Games. Matt Davey will report to Kevin Sheehan, Chief Executive Officer and President of Scientific Games.
Source: GMB
