SkyBet backs Sci Games’ NYX takeover

UK-based online gambling operator Sky Betting & Gaming (SkyBet) has thrown its support behind the impending acquisition of NYX Gaming Group Ltd.

In a statement, SkyBet said the successful acquisition of NYX by U.S. gaming technology provider Scientific Games Corp. (Sci Games) will deliver great value to the Canadian-listed company’s shareholders. SkyBet is a minority investor in NYX, owning close to 1.65 million ordinary shares and 412,000 warrants in the company, as well as 37,400 convertible preference shares in a NYX subsidiary.

“We look forward to continuing to work with a combined Scientific Games and NYX as more jurisdictions around the world look to legalize sports betting and online gaming” SkyBet CEO Richard Flint said in a statement.

SkyBet’s statement comes on the heels of Sci Games’ announcement that it entered into an independent agreement to support the previously announced acquisition of NYX for CAD2.40 (US$1.87) per ordinary share. For the acquisition to move forward, NYX and Sci Games need to get the approval of their shareholders, who are scheduled to meet on December 20 in Las Vegas.