Sky Betting agrees to support NYX-Scientific Games merger

News on 9 Dec 2017

Sky Betting and Gaming, a UK-based betting firm that owns ,648,000 ordinary shares of NYX, 412,000 warrants, and 37,400 convertible preference shares in a subsidiary of NYX Gaming, has agreed with NYX and Scientific Games that it will support current SG initiatives to acquire NYX at a share price of Cdn$2,40 per ordinary share.

Richard Flint, CEO of Sky Betting said Friday:

“We believe that the acquisition of NYX by Scientific Games delivers great value for us as a shareholder in NYX, and 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.”

Also signalling support for the merger, Shareholder Services Inc. and Glass Lewis & Co., two leading independent proxy advisory firms, have recommended that NYX shareholders vote “for” the scheme and shareholder resolutions at the shareholder meetings to approve the Acquisition.

The shareholders meetings to approve the acquisition are scheduled for December 20, 2017 in Las Vegas, Nevada, and Scientific Games and NYX are encouraging all shareholders of NYX to cast their votes in favour of the acquisition.

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