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Scientific Games outlines NYX acquisition funding deal

George Miller

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Scientific Games outlines NYX acquisition funding deal
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Gaming heavyweight Scientific Games have announced the offering of $350m in senior secured promissory notes as a method of securing funding for its pending acquisition of NYX Gaming.

The company confirmed that the issue of notes would be a private offering, with the promissory notes due for repayment in 2025. Scientific games also confirmed that the money would be used to finance the acquisition of NYX and the payment of any associated debts and expenses incurred as part of this purchase.

In a note to investors the firm stated that “The Notes will be guaranteed on a senior basis by Scientific Games and certain of its subsidiaries. The Notes will be secured by liens on the same collateral that secures indebtedness under Scientific Games’ existing credit agreement and SGI’s 7.000% senior secured notes due 2022.

However Scientific Games added: “The offering of the Notes is not conditioned upon the consummation of the NYX Acquisition. If the NYX Acquisition is not consummated for any reason, the Company intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include the prepayment of term loan borrowings under the Company’s existing credit agreement.

This latest development follows Scientific Games agreeing a deal acquire NYX and all the outstanding shares of the company for CAD$2.40 per share, equivalent to approximately CAD$775m (US$631m) last month.

Upon completion of the acquisition, NYX Gaming CEO Matt Davey will oversee a newly created Digital Gaming and Sports Division at Scientific Games, with Kevin Sheehan remaining in his current as Chief Executive Officer and President.

Scientific Games have also announced the appointment of Shawn Dennis to the role of Chief Marketing Officer.

As CMO, Dennis will be responsible for elevating Scientific Games’ global leadership brand position, promoting its brands and increasing engagement with customers and players for the company’s content and technology in gaming, interactive and lottery.

In announcing the appointment, Scientific Games CEO and President Kevin Sheehan said: “We are excited to welcome Shawn to the Scientific Games executive team. With her tremendous experience leading marketing for high profile companies and brands in the entertainment and technology sector, she is perfectly suited to lead our marketing efforts to enhance consumer and customer engagement, drive topline revenue growth and catapult the Company’s next phase of growth.

Asia

Japan Tourism Agency Issues IR Proposal Timeline

Niji Narayan

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Japan Tourism Agency Issues IR Proposal Timeline
Photo Source: ethicalboardroom.com
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Japan Tourism Agency has announced further details on the IR licensing schedule.

The Agency explained it will accept proposals from local governments between January 4 and July 30, 2021. Therefore, we can expect Japan regions to pick IR consortium partners in late 2020 and early 2021.

The Agency also disclosed it has conducted consultations with interested governments. The Tokyo Metropolitan Government, prefectures of Hokkaido, Nagasaki, Osaka, and Wakayama; and the cities of Chiba, Nagoya, Osaka, and Yokohama contacted them.

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Asia

PAGCOR’s Andrea Domingo to Present Opening Keynote for G2E Asia @ the Philippines

Niji Narayan

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PAGCOR’s Andrea Domingo to Present Opening Keynote for G2E Asia @ the Philippines
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PAGCOR chair Andrea Domingo is going to present the opening Keynote for the inaugural G2E Asia @ the Philippines, to be held at Marriott Manila on December 3–4, 2019.

Organisers of G2E Asia revealed that Ms. Domingo would speak at 10 am on December 3, with other speakers including Resorts World Manila’s Chief Gaming Operations Officer Hakan Datas and Melco Resorts & Entertainment’s SVP and Chief Information Officer, Avery Palos.

G2E Asia @ the Philippines is the newest addition to the G2E Asia series of events, held annually in Macau each year since 2007. Focused on the development of emerging ASEAN markets and comprising an exhibition, educational conference, summit and various networking opportunities, G2E Asia @ the Philippines is being held in cooperation with PAGCOR, addressing the land-based and online gaming operators across Asia.

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SYNOT Games Signs Content Deal with Aspire Global in Denmark

Niji Narayan

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SYNOT Games Signs Content Deal with Aspire Global in Denmark
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SYNOT Games has signed a content deal with Aspire Global in Denmark. SYNOT’s popular titles like Respin Joker, Book of Secrets, Alchemist’s Gold and Golden Myth will become available to the residents of Denmark with brands operating under the Aspire Global network.

Aspire Global has been operating under a gaming license in Denmark for several years and has been granted the license until 2023.

“I am happy that we are able to bring fresh, new content to the Danish market with a respected and established provider such as SYNOT Games. Our aim is to continually provide our clients with the best solutions to achieve mutual success and we look forward to achieving further growth with this partnership in the future,” Jov Spiero, VP Sales at Aspire Global said.

“We are absolutely thrilled to launch our games in Denmark and reach new audience. We highly value partnership with Aspire Global, and it has enabled us to enter several flourishing markets,” Milan Ždímal, COO of SYNOT Games said.

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