On Wednesday, September 20th, the online gaming industry was hit with some seriously big news: Scientific Games (SG) and NYX Gaming Group Limited have entered into a merger agreement. Per the contract, SG will obtain NYX in its totality, including any outstanding shares. Each share is priced at CAD$2.40, for a total of CAD$775 or US$631 million!
In completing this amalgamation, the two brands have a set of goals in mind, which includes the establishment of a gaming and lottery ‘powerhouse’ that can reach customers on a worldwide scale, as well as catapulting each of the brand’s interactive businesses, and strengthening SG’s leadership role.
NYX Chief Executive Officer, Matt Davey, commented, “Scientific Games’ acquisition of NYX will provide immediate and compelling cash value for our shareholders, expand the products and solutions we are collectively able to offer our customers and accelerate the execution of our long-term strategic plan.”
Davey continued, “We will now have scale, content and product development capabilities, complementary global infrastructure and access to an expanded customer base. We believe Scientific Games is the ideal partner for NYX, and we look forward to working alongside the talented Scientific Games team.”
President and Chief Executive Officer for SG, Kevin Sheehan, added, “This important transaction creates 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.”
“This strategic and financially compelling acquisition combines NYX’s premier digital gaming and sports betting platforms and expansive distribution network to our own 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,” Sheehan went on to add.
Source:
Scientific Games to Acquire NYX Gaming Group, scientificgames.com, September 20, 2017.
zuga
7 years ago
Admin
big news!
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drtheolen
7 years ago
Moderator
In my opinion, I'm not sure if this is good or bad news. Here is why I feel that way. I loved what NYX has been doing, I felt like they had a really good product with Nextgen and Amaya under their ownership, with a good bingo platform and with a really incredible number of partnerships with various 3rd party content providers....
In my opinion, I'm not sure if this is good or bad news. Here is why I feel that way. I loved what NYX has been doing, I felt like they had a really good product with Nextgen and Amaya under their ownership, with a good bingo platform and with a really incredible number of partnerships with various 3rd party content providers. They even got a New Jersey license. There was something for every taste there, and it worked quite well on all platforms and browsers. Scientific games on the other hand is a different story. They themselves do not bring anything of interest for me, they're only purchasing big software makers, such as WMS and Bally. Since their purchase of Bally Interactive, I was able to load those games only in Chrome browser (which I absolutely do not want to use), so I stopped playing games I quite liked. I noticed they recently corrected this though. Also, I like to see a good healthy competition, and the way this is moving, there might soon be only Microgaming and Scientific Games.
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