Carey Olsen assists in gaming takeover

Posted: 30/01/2018

Carey Olsen has played a central role in advising NYX Gaming Group in relation to its recommended takeover by Scientific Games Corporation. 

The deal, which valued NYX at approximately Can$775 million, represented a premium of approximately 112 per cent over the closing market price on the day before the deal was announced.
 
NYX is a Guernsey-incorporated company, headquartered in Las Vegas and listed on the TSX Venture Exchange in Canada. A B2B real-money digital gaming and sports betting platform, it also includes an Alderney-incorporated subsidiary licensed by the Alderney Gambling Control Commission.
  
The transaction, which was conducted by way of a Guernsey law scheme of arrangement, was approved by NYX shareholders on 20 December 2017 and sanctioned by the Royal Court of Guernsey on 5 January 2018.
 
The Carey Olsen team was led by Corporate Partner Tony Lane and Litigation Partner Tim Corfield, with assistance from Jamie Oldfield and Tim Bamford.

Carey Olsen worked alongside teams from Latham & Watkins in the US and Stikeman Elliott in Canada, together with a number of other specialist advisers in multiple jurisdictions.


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