New York-listed Scientific Games Corporation expects to complete its acquisition of NYX Gaming Group during the first week of January after receiving overwhelming support from NYX shareholders yesterday.
At a court meeting Wednesday, NYX shareholders approved the acquisition with 99.42 per cent of votes cast in favour of the scheme.
"We are thrilled by the strong support from NYX shareholders and we are very excited about our combined companies' future growth potential,” said Scientific Games chief executive Kevin Sheehan. “By bringing together Scientific Games and NYX, we will create a world leader in digital gaming and sports betting, a company with an unrivaled, end-to-end product portfolio and an innovative driving force in the industry.”
NYX chief executive Matt Davey added: "The acquisition will be a win-win for both companies and our collective shareholders. By joining Scientific Games, we will become part of a company with unmatched global reach, resources and industry leading content.
“The leaders of both NYX and Scientific Games are committed to delivering significant value for our customers across the full spectrum of digital gaming.”
Completion remains subject to certain closing conditions including the sanctioning of the scheme by the Royal Court of Guernsey at a court hearing scheduled for January 5th.
Shares in Scientific Games Corporation (NSQ:SGMS) closed in New York Wednesday down 0.49 per cent at $50.95 per share, while shares in NYX Gaming Group Ltd (CVE:NYX) closed unchanged in Toronto at CAD$2.39 per share.