Scientific Games buying up NYX shares to thwart William Hill vote

Gaming technology firm Scientific Games Corporation is giving the middle finger to UK bookmaker William Hill’s efforts to complicate Sci-Games’ planned acquisition of NYX Gaming Group.

On Tuesday, Sci-Games announced that it had acquired 10.7% of the Toronto-listed NYX’s outstanding ordinary shares. Sci-Games, which previously held no stake in rival NYX, paid over C$27m (US $21.2m) for the shares.

In September, Sci-Games announced its intention to acquire NYX for C$775m, a move intended to boost Sci-Games’ ability to take advantage of US efforts to legalize sports betting. NYX owns OpenBet, a leading provider of sportsbook technology to gaming firms, including William Hill.

But Hills helped NYX pay for its 2016 OpenBet acquisition, making Hills a significant NYX shareholder with nearly 32% of outstanding shares, and Hills announced earlier this month that it might block the Sci-Games deal unless it received certain assurances regarding the continuity of its OpenBet arrangement.