New York-listed gaming supplier Scientific Games Corporation has completed the CAD$775m acquisition of NYX Gaming Group.
It follows the sanctioning of the deal by the Royal Court of Guernsey at a court hearing earlier Friday, and overwhelming approval from NYX shareholders last month.
"Today, Scientific Games moves forward as a leading digital provider of sports betting, iGaming and iLottery technologies, platforms, content, products and services," said Scientific Games CEO and president Kevin Sheehan,. "As we look to 2018, we are truly excited by the opportunities that this acquisition presents to us."
In connection with the completion of the acquisition, which will be accretive to Scientific Games' earnings and cash flow this year, NYX's shares will be delisted from Toronto’s TSX Venture Exchange before the close of business on Wednesday, January 10th.
Scientific Games said that the combined business will create an industry-leading force across the iGaming, iLottery and sports betting verticals.
The supplier will also be "perfectly positioned" to capitalize on future regulatory developments in sports betting, by delivering NYX's OpenBet sportsbook platform throughout its gaming and lottery networks in existing and future regulated US and global markets.
In addition, the company said that NYX will provide new growth opportunities to build on the momentum of Scientific Games' existing interactive gaming business.
Shares in Scientific Games Corporation (NSQ:SGMS) closed at $51.50 per share in New York Thursday, prior to the completion. Shares in NYX Gaming Group Ltd (TSX:NYX) closed at CAD$2.39 per share in Toronto Thursday.