The science of the deal

Scientific Games paid a hefty premium to acquire NYX and its OpenBet sportsbook technology, with one eye seemingly on legal US sports betting. But will the juice be worth the squeeze?

Scientific Games became the latest land-based giant to flex its M&A muscles in September, acquiring platform and technology provider NYX Gaming Group for the princely sum of $631m. The deal will be financed with cash and debt and represents a 112% premium on NYX’s market price, at CAD$2.40 per share. While it’s a hefty premium to…

M&A | Scientific Games