NYX Gaming Group to be acquired by Scientific Games

Discussion in 'Gambling News' started by Marina, Sep 24, 2017.

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  1. Marina

    Marina Administrator Staff Member

    A press release last week announced that two giants in the global gambling world, Scientific Games Corporation and NYX Gaming Group have entered into a lucrative agreement.
    Under the terms of the deal, Scientific Games Corporation will acquire NYX Gaming in a deal estimated to be worth CA $775 million (US $631 million).

    The President and Chief Executive Officer of Scientific Games, Kevin Sheehan was quoted as saying that this important transaction created 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,” he said.

    Sheehan said that the deal combined NYX’s premier digital gaming and sports betting platforms and its expansive
    distribution network to Scientific Games’ 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,” he said.

    Also commenting on the deal was the Chief Executive Officer of NYX, Matt Davey who said that Scientific Games’ acquisition of his company would provide
    “immediate and compelling cash value” for NYX shareholders. He also said that the deal would expand the products and solutions that the two groups are
    collectively able to offer their customers, as well as accelerate the execution of the company’s long term strategic plans.

    “We will now have scale, content and product development capabilities, complementary global infrastructure and access to an expanded customer base,” said Davey.
    “We believe Scientific Games is the ideal partner for NYX, and we look forward to working alongside the talented Scientific Games team.”

    Advantages of the New Scientific Games – NYX Deal

    By joining forces, the two companies will create a world-leading gaming group that offers customers a fully integrated portfolio of brands and offerings.
    By pairing with NYX, Scientific Games feels that it is now perfectly positioned to capitalize on any future regulatory developments in real money wagering and sports betting.

    An important point to note is that Scientific Games mentions that by adding NYX’s digital sportsbook, it is now ready to deliver “in existing and future regulated US and global markets.”
    Scientific Games Corporation is not the only company that is keeping an eye on growing developments in the United States. In the coming weeks, the US Supreme Court is set to hear
    New Jersey’s appeal against the nation-wide ban on sports betting, and analysts predict that we may be seeing some fundamental changes to the US gambling landscape as a result.
    Scientific wants to be poised to enter this market if and when it becomes regulated.

    Changes to Management

    It is believed that when the transaction has been completed, the current CEO of NYX, Matt Davey will head the newly created Digital Gaming and Sports Division at Scientific Games.
    He will report to the President and CEO of Scientific Games, Kevin Sheehan.
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