Sci Games wraps up $630M NYX takeover

U.S. gaming technology provider Scientific Games Corp. has finalized its US$630 million acquisition of online gambling platform and software supplier NYX Gaming Group.

Sci Games’ announcement came more than two weeks after NYX shareholders overwhelmingly approved the takeover, which NYX CEO Matt Davey described as “a win-win for both companies and our collective shareholders.” About 99.6% of NYX shareholders voted ‘yea’ to the acquisition in December.

In a statement, Sci Games announced that NYX ordinary shares will be delisted from Toronto TSX Venture Exchange on or before January 10, 2018, following the completion of the acquisition.

Kevin Sheehan, chief executive officer and president of Sci Games, pointed out that the completion of NYX acquisition will put the company in a perfect position “to capitalize on future regulatory developments in real-money wagering and sports betting by adding NYX’s industry-leading OpenBet Sportsbook.”