On Tuesday Scientific Games stated it had for the first time acquired an equity holding in NYX Gaming – a specialist in sports betting – equal to 10.72% of its issued and outstanding ordinary shares.
The latest transaction – involving acquisition of NYX Gaming ordinary shares, warrants and exchangeable preferred shares from four existing stockholders – cost Scientific Games just over CAD87.7 million (US$68.9 million), taking its spending on stock acquisition in the target to CAD114.8 million (US$90.35 million) in just a few days.
Scientific Games acquired a total of nearly 27.38 million ordinary shares of NYX Gaming, approximately 3.54 million warrants and 40,000 exchangeable preferred shares, in the latest deal, it said.
“If all of such warrants and exchangeable preferred shares were exercised and exchanged, Scientific Games would own 51,685,578 ordinary shares, representing 42.74% of the issued and outstanding ordinary shares [in NYX Gaming],” the suitor added in its Friday announcement.
“In the future, Scientific Games may acquire additional ordinary shares or securities convertible into ordinary shares or dispose of such securities,” the suitor noted.
Source: GMB / GGR Asia
