TSXV:NYX.DB - Post by User
Post by
petrofacon Sep 20, 2017 9:08am
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Post# 26718359
bought out
bought out Scientific Games to Acquire NYX Gaming Group
Wednesday, September 20, 2017, 9:02 AM ET
Establishes Scientific Games as a Top Provider of iGaming and iLottery through Combination of Industry-Leading Content Portfolio with Premier Digital Platform and Distribution Network
Adds #1 Global Sports Betting Platform to Scientific Games' Portfolio
Accretive to Earnings and Cash Flow in First Year
LAS VEGAS and TORONTO, Sept. 20, 2017 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) ("Scientific Games") and NYX Gaming Group Limited (TSXV: NYX) ("NYX") today announced that they have entered into a definitive agreement (the "Arrangement Agreement") under which Scientific Games will acquire NYX, further strengthening Scientific Games' leadership position and ability to provide the broadest portfolio of content, technologies and digital products and services for its global Gaming and Lottery customers. 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.
Strategic Benefits
-- Creates Global Digital Gaming and Lottery Powerhouse -- Together,
Scientific Games, a world leader offering customers a fully integrated
portfolio of technology platforms, robust systems, engaging content and
services, and NYX, one of the fastest growing B2B real-money digital
gaming and sports betting platforms in the world, will form an
industry-leading force across iGaming, iLottery and Sports.