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US – Scientific Games and NYX merger gains support

By - 11 December 2017

NYX Gaming Group and Scientific Games have announced that Sky Betting & Gaming has entered into an agreement to support the previously announced acquisition of NYX by Scientific Games for CA$2.40 per ordinary share.

SkyBet owns 1,648,000 ordinary shares of NYX, 412,000 warrants, and 37,400 convertible preference shares of a subsidiary of NYX.

“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” said SkyBet CEO Richard Flint.

William Hill Steeplechase Limited and William Hill along with AlpInvest Partners CoInvestments, who togther own 9,301,709 ordinary shares of NYX, support the takeover

Scientific Games has entered into a new commercial arrangement with William Hill, and that the parties, as well as NYX, have entered into a separate settlement agreement in which the parties have agreed to end all existing litigation among the parties.

Scientific Games and NYX today also announced that Institutional 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 encourage all shareholders of NYX to cast their votes in favour of the Acquisition.

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