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NYX Shareholders Approve Acquisition Of Scientific Games
NYX Gaming Group Limited, the owner of the Open Gaming System platform that gives online casinos all around the world access to its library of more than 2,000 different games, has announced shareholder approval of its proposed merger with Scientific Games.
A statement by the company said support for the move was overwhelming, with 99.57% of shareholders approving. The approval clears the final hurdle for the acquisition, which is now expected to close at the beginning of January.
Scientific Games ‘Thrilled’ With Vote Of Confidence
The vote puts an end to a long courtship which Scientific Games sought to stake its claim to being a premier developer of online casino content.
As one of the largest online gaming companies in the world, NYX would not bother acquiring a development house like Scientific unless they were convinced it had shown itself to be a standout from the rest of a crowded field— a vote of confidence that did not go unnoticed by Scientific Games’s President & CEO Kevin Sheehan.
“We are thrilled by the strong support from NYX shareholders and we are very excited about our combined companies’ future growth potential. 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,” he said.
NYX: Acquisition Is A ‘Win-Win’
As evidenced by the near unanimous approval, there was no less enthusiasm for the acquisition on NYX’s end.
As with all deals of this type, the focus remains on building a core content library that can then be leveraged in markets all around the world. With more than 200 clients worldwide, NYX is already one of the world’s largest distributors across many different online casino and gaming types. It processed more than 2b different wagers in 2017 alone.
Now, it will only become more attractive as it offers up an even larger number of games and experiences to players.
“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,” said NYX CEO Matt Davey.
“The leaders of both NYX and Scientific Games are committed to delivering significant value for our customers across the full spectrum of digital gaming,”