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Shareholders approve NYX acquisition by Scientific Games

Scientific Games and NYX Gaming Group announced that the previously announced acquisition by way of a court-sanctioned scheme of arrangement under Part VIII of the Companies Law, 2008 was approved by an overwhelming vote of NYX shareholders.

With this shareholder approval, the acquisition remains scheduled to close in early January.

Kevin Sheehan, Scientific Games CEO and President, commented: “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.”

Matt Davey, NYX CEO, 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 of the acquisition remains subject to certain closing conditions, including the sanctioning of the Scheme by the Royal Court of Guernsey at a court hearing, which is scheduled to be held on January 5, 2018. The Scheme is scheduled to become effective, and the Acquisition scheduled to close, on or around January 5, 2018.

Source: GMB