Scientific Games Acquires NYX Gaming Group
World leading game provider Scientific Games, has made an unprecedented move for game developer NYX Gaming Group for a cool $631 million USD. The acquisition sees Scientific Games buying up all the outstanding shares of the company at $775 million CAD.
Finalising The Deal
The deal is expected to be pushed through and finalised in the first quarter of 2018. The intention behind the merger is to create a global gaming monster that can compete with some of the top brands in the online casino development, including Microgaming and NetEnt.
Along with the other acquisitions the company has made in the last decade, NYX Gaming Group places Scientific Games in a solid market position. This offers an extended portfolio of the gaming software, digital technologies, and lottery products.
Matt Davey, CEO of NYX Gaming Group 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.”
Matt Davey is likely to transition into a newly created role within the parent company. He will be known as the head of Digital Gaming and Sports Division at SG. Meanwhile, Kevin Sheehan, will remain in his post as CEO and president.
This is a new change that will be implemented soon for all online casinos. Well done to Scientific Games!