NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

Basically around 9 million per year in interest savings

[uograd]

So above and beyond taking massive haircut on their $3.67 shares, William  Hill will be losing out on 9,000,000 approxmiately in interest accruals from NYX if they convert and block deal.

This is what they lose if they block the deal depending on whether the debt goes to Scientific or the 80 million pounds is paid back in full.

Ain't no way William Hill is going to play those cards.