Combination Creates Leading B2B Provider of Digital
Gaming and Sports Betting Technology, Platforms, Products and
Content
LAS VEGAS, Jan. 5, 2018 /CNW/ -- Scientific Games
Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company")
announced today that it has completed the previously announced
acquisition of NYX Gaming Group Limited (TSXV: NYX) ("NYX").
In connection with the completion of the acquisition, the NYX
ordinary shares are expected to be delisted from the TSX Venture
Exchange on or before the close of business on January 10, 2018.
"Today, Scientific Games moves forward as a leading digital
provider of sports betting, iGaming and iLottery technologies,
platforms, content, products and services," said Kevin Sheehan, Scientific Games Chief Executive
Officer and President. "As we look to 2018, we are truly excited by
the opportunities that this acquisition presents to us."
Together, Scientific Games, a world leader offering customers a
fully integrated portfolio of technology platforms, robust systems,
engaging content and services, and NYX, one of the fastest growing
B2B real-money digital gaming and sports betting platforms in the
world, form an industry-leading force across iGaming, iLottery and
Sports. Scientific Games will now be perfectly positioned to
capitalize on future regulatory developments in real-money wagering
and sports betting by adding NYX's industry-leading OpenBet
Sportsbook. NYX's digital Sportsbook can be seamlessly delivered
throughout Scientific Games' global gaming and lottery networks in
existing and future regulated U.S. and global markets.
In addition, NYX's worldwide channels, markets and customer base
offer new growth opportunities to build on the significant momentum
of Scientific Games' existing interactive gaming business. The
transaction will be accretive to earnings and cash flow this
year.
Company Contacts
Investor
Relations:
Scientific Games: Michael Quartieri +1 702-532-7658
Executive Vice President and Chief Financial Officer
Media Relations:
Scientific Games: Susan Cartwright +1 702-532-7981
Vice President, Corporate Communications
susan.cartwright@scientificgames.com
About Scientific Games
Scientific Games Corporation
(NASDAQ: SGMS) is a global leader in technology-based gaming
systems, table games, table products and instant games and a leader
in products, services and content for gaming, lottery and
interactive gaming markets. Scientific Games delivers what
customers and players value most: trusted security, creative
content, operating efficiencies and innovative technology. Today,
Scientific Games offers customers a fully integrated portfolio of
technology platforms, robust systems, engaging content and
unrivaled professional services. For more information, please visit
www.scientificgames.com.
© 2017 Scientific Games Corporation. All Rights Reserved.
Forward-Looking Statements
This press
release includes "forward-looking statements" and "forward-looking
information" (collectively "forward-looking statements") within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995 and Canadian securities laws. Forward-looking statements
describe future expectations, plans, results or strategies and can
often be identified by the use of terminology such as "may,"
"will," "estimate," "intend," "plan," "continue," "believe,"
"expect," "anticipate," "estimate," "should," "could," "potential,"
"opportunity," or similar terminology. These statements are
based upon management's current expectations, beliefs, assumptions
and estimates and are not guarantees of timing, future results or
performance. Similarly, statements herein that describe the
transaction, including its financial impact, the expected delisting
of the NYX Ordinary Shares from the TSX Venture Exchange and other
statements of management's expectations, beliefs, assumptions,
estimates and goals regarding the transaction are forward-looking
statements. It is uncertain whether any of the events or
results anticipated by the forward-looking statements will
transpire or occur, or if any of them do, what impact they will
have on the results of operations and financial condition of the
combined company or the price of Scientific Games' stock.
These forward-looking statements involve certain risks and
uncertainties and other factors that could cause actual results to
differ materially from those indicated in such forward-looking
statements, including but not limited to: potential litigation
related to the transaction; disruption of NYX's or Scientific
Games' current plans and operations as a result of the transaction;
the ability of NYX or Scientific Games to retain and hire key
personnel; competitive responses to the transaction; unexpected
costs, charges or expenses resulting from the transaction; the
ability of Scientific Games to successfully integrate NYX's
operations, product lines and technology; the diversion of
management's attention from Scientific Games' and NYX's ongoing
business operations; the ability of Scientific Games to implement
its plans, forecasts and other expectations with respect to NYX's
business and realize additional opportunities for growth and
innovation; the ability of Scientific Games to realize the
anticipated synergies from the transaction in the anticipated
amounts or within the anticipated timeframes or costs expectations
or at all; the ability to maintain relationships with Scientific
Games' and NYX's respective employees, customers, other business
partners and governmental authorities; and the other risks,
uncertainties and important factors contained and identified
(including under the heading "Risk Factors") in Scientific Games'
filings with the SEC, such as its Quarterly Reports on Form 10-Q,
Annual Reports on Form 10-K and Current Reports on Form 8-K, and
NYX's filings with Canadian securities regulators, any of which
could cause actual results to differ materially from the
forward-looking statements. The forward-looking statements
included in this press release are made only as of the date hereof
and Scientific Games does not undertake any obligation to update
any forward-looking statements whether as a result of new
information, future events or otherwise, except as may be required
by applicable law. To the maximum extent permitted by law,
none of Scientific Games, its directors, employees or agents
accepts any liability for any loss arising from the use of NYX
information contained in this press release. Readers are cautioned
not to place undue reliance on any of these forward-looking
statements.
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SOURCE Scientific Games Corporation