Number Crunching - Spain, William Hill and Scientific Games

Number Crunching - Spain, William Hill and Scientific Games

Thursday, December 21, 2017 Posted by Joseph Streeter
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Breaking down all the weeks news into a set of easy to manage figures

$630 million -  Scientific Games Corporation (SGC) has confirmed that it has secured the outright approval of NYX Gaming shareholders to acquire the business for $630 million. The acquisition became inevitable when the approval was earned from William Hill and Sky Bet, two of the major stakeholders in NYX’s online betting platform.

Kevin Sheehan Group CEO & President of Scientific Games commented: “We are thrilled by the strong support from NYX shareholders and we are very excited about our combined companies’ future growth potential. By bringing together Scientific Games and NYX, we will create a world leader in digital gaming and sports betting, a company with an unrivalled, end-to-end product portfolio and an innovative driving force in the industry.”

€150 million - Gambling group GVC Holdings has confirmed the complete disposal of Turkish business unit ‘Headlong Limited’ to Malta-based technology firm Ropso ltd. Last November, GVC announced that it would sell its Turkish enterprise and associated assets to Ropso for a total consideration of €150 million.
 

€7 million - Mr Green has announced that it will pay €7 million to acquire Evoke Gaming, with the deal expected to be completed in Q1 2018 subject to regulatory approval. Evoke Gaming, produced revenues of €15.5 million in 2016 and includes the likes of Vinnarum casino, Bertolt, MamaMia and Redbet, a sportsbook, casino and poker provider which Mr Green intends to expand in both its existing and future markets.
 

9 - After spending nine years as Chairman of Sports Information Services (SIS), Roger Devlin is to leave his post. Devlin his role at SIS on January 31 next year, Devlin will is to become the William Hill Chairman Designate on February 1, before being appointed Chairman when current incumbent Gareth Davis steps down on April 2.
 

3- The Spanish regulatory body Dirección General de Ordenación del Juego (DGOJ) for the third time since new gambling laws were introduced in 2011, reopened the application process for licenses. In a statement published on its website, the DGOJ said: “The publication of the call, the third since the state online gaming market was regulated in 2011, opens up the possibility for entities interested in offering games through electronic, telematic or interactive channels in Spain to develop this offer through the request of corresponding licenses.

“The proper functioning of the regulated online gaming market is fundamental to ensure that gaming activity is sustainable and compatible with social welfare, making it possible to channel it into an adequate legal framework and with all the guarantees that regulation establishes for consumers.

“The new opening, together with the improvement of competitiveness and the level of protection through the regulatory framework, is essential to achieve the above, by allowing operators of proven probity and viability to access the Spanish market, complementing the existing offer and strengthening the constant dynamics of technological innovation characteristic of this environment.”

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