Scientific Games Prepares Funds For NYX Acquisition
Las Vegas-based supplier of gambling content Scientific Games has announced it would take an $350 million loan in order to fund the acquisition of NYX Gaming Group.
The funds could prove essential in Scientific Games’ plans to take over the NYX.
The move was announced on September 20, but apart from the announcement, no official bid has been made since.
The gaming and lottery company also stated the funds would be used no matter whether the pending acquisition went through. If the deal falls through, Scientific Games will use this money for “general corporate purposes”, which includes the payment of existing loans.
Done Deal Or Not?
Two weeks ago, Scientific Games revealed the company had reached an agreement to purchase NYX Gaming Group. The move was viewed as a mean to boost Scientific Games’ digital gaming dynamics, especially since NYX’s OpenBet division would be an important addition to its sports betting vertical.
Scientific Games explained it would create a new digital gambling division to expand its omni-channel capacity. If the acquisition goes through, NYX current Chief Executive Officer Matt Davey will assume the position of the company’s President of Digital Gaming.
Much is at stake here. NYX Gaming Group boasts an extensive digital services portfolio, which is one of the biggest in the industry. NYX client list includes some of the world’s leading operators such as William Hill, Betsson, bet365 and Caesars Interactive.
About Scientific Games
Headquartered in Las Vegas, Nevada, Scientific Games has a vast experience in creating high-quality casino, interactive and instant lottery games along with trusted security, creative content, operating efficiencies, and innovative technology.
Scientific operates through Gaming, Lottery and Interactive divisions, with a broad offer of technology platforms, robust systems, engaging game content, services, and solutions.
Today, the company has around 8,400 employees across six continents.