NYX timeline
Early 2016: Gibraltar-based sports wagering company William Hill Group invests in NYX Gaming Group, a Canadian software company that produces the Openbet wagering platform.
April 2016: William Hill increases its position in NYX by acquiring preferred stock that gives the company the equivalent of a 31.9 percent ownership position.
June 27, 2017: U.S. Supreme Court agrees to hear Christie v. NCAA, a case based on the Professional and Amateur Sports Protection Act, which bans sports wagering in all but four states, including Nevada.
Sept. 20, 2017: Las Vegas-based Scientific Games announces plans to acquire NYX for $631 million.
Nov. 2, 2017: In an earnings call, Scientific executives express optimism about entering the sports book market with its acquisition of NYX.
October-november 2017: William Hill seeks assurances on the use of Openbet. Scientific considers William Hill’s bid for assurances anticompetitive.
Nov. 21, 2017: Scientific announces the purchase of $21.3 million in
NYX shares with the intent of a corporate takeover if shareholders don’t approve the acquisition.
Nov. 24, 2017: Scientific announces purchase of another $69 million in NYX shares.
Dec. 4, 2017: Oral arguments presented on Christie v. NCAA before the Supreme Court. A decision on nationwide sports betting is anticipated in 2018.
Dec. 17, 2017: Pollard Equities Ltd., which holds 8.6 million shares and 4 million warrants in NYX, pledges to back Scientific’s acquisition bid.
Dec. 20, 2017: NYX shareholders overwhelmingly approve Scientific’s acquisition with more than 99 percent of shares favoring it. By law in Guernsey, a Crown dependency in the English Channel Islands where
NYX was incorporated, an acquisition vote requires 75 percent approval. Approval of a takeover bid requires a majority vote.
Jan. 5, 2018: A judge in Guernsey will consider validating the results of the Dec. 20 vote.