Tag: M&A

Scientific Games turns betting heavyweight with NYX acquisition

Betting Business - nyx Scientific Games Growth Progress 2016 results
  In possibly the most strategic and “financially compelling” deal of this year, Nevada-based gaming giant Scientific Games announces the acquisition of NYX Gaming - along with its ubiquitous OpenBet platform.   Even at 11 times earnings, Scientific Games’ $613m bid for NYX Gaming will be seen as a steal by many. Not only will it bolster the former’s ties with the titans...

Merger success puts GVC back in MA market

Betting Business - GVC M&A
GVC Holdings, a company that only four years ago was valued at less than £100m, is today worth in excess of £2bn. Having been built on the back of M&A success, CEO Kenny Alexander, says he’s definitely in the market for another transformative transaction.   Isle of Man-based GVC Holdings issued its first full year figures in March, since its acquisition...