Scientific Games Acquires NYX Gaming for $631m And Offers Possible US Sports Betting Entry
Scientific Games has announced today that they will be acquiring NYX Gaming Group for $630m. According to a statement from Scientific Games the acquisition of NYX will lead to the creation of a “a global digital gaming and lottery powerhouse” as well as strengthen its “ leadership position” in the market.
As part of the acquisition Scientific Games will also expand its offering to include a sports betting platform while also accelerating the growth of its interactive business.
CEO of Scientific Games Kevin Sheehan commented on the acquisition,” This important transaction creates a global gaming and lottery powerhouse. Scientific Games will be a stronger industry leader offering one of the broadest end-to-end portfolios of engaging content, innovative technologies and digital products and services across gaming and lottery.”
NYX CEO Matt Davey is expected to oversee the newly created digital Gaming and Sports arm at Scientific Games, Commenting on the deal Davey said,” Scientific Games’ acquisition of NYX will provide immediate and compelling cash value for our shareholders, expand the products and solutions we are collectively able to offer our customers and accelerate the execution of our long-term strategic plan. We will now have scale, content and product development capabilities, complementary global infrastructure and access to an expanded customer base. We believe Scientific Games is the ideal partner for NYX, and we look forward to working alongside the talented Scientific Games team.”