Scientific Games to acquire NYX Gaming Group

Wednesday 20th of September 2017

Gaming supplier Scientific Games Corp has announced it is set to buy Canada’s NYX Gaming Group for around CA$775 million (US$627.7 million).

The deal, which was announced on Wednesday, will see Scientific Games acquire all of the outstanding ordinary shares of NYX for CA$2.40 per share.

The deal will be funded through cash and debt and is expected to close in the first quarter of 2018.

"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."

"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."

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.

Mergers & Acquisitions Deal Purchase