Scientific Games and NYX Gaming Group have been going towards a merger for many months. The companies are willing to go in the same direction, but the process is a long one. Not all the shareholders had approved of this plan before. However, the last vote regarding the acquisition by Scientific Games has concluded a matter that was at a standstill for months.
NYX Shareholders Agreed To Merge For $631 Million
In the meeting on the 20th of December in Las Vegas, the shareholders of NYX came to a conclusion. They agreed to allow Scientific Games to acquire and merge with NYX Gaming Group for $631 million.
Two separate votes took place. The first vote revealed that 99.6% of shareholders approved of the plan to merge the companies. In the second vote, 99.8% of the voters agreed to a resolution authorizing the NYX directors to give effect to the scheme. Since only 75% are required for a vote to pass, one can almost say that NYX spoke in unison.
Even the CEO of NYX Gaming Group, Matt Davey, agreed with the shareholders. He said that both companies will be able to benefit greatly from the acquisition. Now all that’s left is for the judge to ratify this vote, which will likely happen on the 5th of January.
Before that, there had been some issues with one of the shareholders, William Hill. The company wanted to vote against the merge just a month ago, which resulted in an anti-trust lawsuit. However, they changed their mind and holders of over 40 million ordinary shares of NYX Gaming Group decided to vote the other way. They came to an agreement with major shareholders including Sky Bet, Pollard Equities and others.
What Does This Mean For The Players?
As an end-user of these companies, their services and games, you can expect an improvement in their offers. Scientific Games CEO provides the best answer. As Kevin Sheehan mentioned, by bringing these two powers together, they will become a world leader in both digital gaming and sports betting. It will be “a company with an unrivaled end-to-end product portfolio and an innovative driving force in the industry.”
More About NYX Gaming Group And Scientific Gaming
NYX Gaming Group is a leading digital gaming company from Las Vegas. One of their achievements is Open Gaming System (OGS) which includes diverse content from various providers. It has over 2,000 unique game titles and a vast network of partners from around the world, counting in hundreds. NYX Gaming Group also has OpenBet, a sports betting division that lots of sportsbook operators use. It’s probably the most popular platform in the world, counting billions of bets per year.
Scientific Gaming, on the other hand, is also a world-class provider of gambling games, gaming platforms and solutions. The company is very much oriented towards technology and innovation. For example, their interactive gaming markets are very popular in the industry. Users trust their products for the security and professional service, among other things.