Shareholders greenlight ‘win-win’ Sci Games’ NYX acquisition

It’s full steam ahead for U.S. gaming technology provider Scientific Games’ acquisition of NYX Gaming Group Ltd., after the Canadian-listed firm’s shareholders overwhelmingly approved the $631 million takeover.

On Wednesday, NYX Shareholders voted to approve the acquisition by way of a Guernsey court-sanctioned scheme of arrangement. Under the Guernsey law, NYX needed the support of at least 75 percent of its shareholders for the deal to push through. Final results show that NYX shareholders’ votes represented 99.6 percent of the shares in the court meeting, according to the company.

NYX will now have to present the tally of the shareholders votes and get the approval of the Royal Court of Guernsey. A Guernsey judge has set the hearing for January 5.

In a statement, NYX CEO Matt Davey described the acquisition as “a win-win for both companies and our collective shareholders,” noting that joining Scientific Games means that they “will become part of a company with unmatched global reach, resources and industry leading content.”