NYX claimed yesterday that William Hill could use its stake in the technology company to block a planned takeover by Scientific Games William HillWilliam Hill has become embroiled in a dispute with the Las Vegas-based gaming technology company in which it made a £90 million investment in April last year as part of the US group’s purchase of Open Bet. The row centres on the decision by the Toronto-listed NYX Gaming to accept a C$775 million takeover by Scientific Games to create a “global digital gaming and lottery powerhouse”. William Hill, which made its investment to protect its commercial relationship with Open Bet, has issued a notice to convert its £80 million of preference shares in NYX into ordinary shares, which would give it a stake of 31.9 per cent. NYX claimed yesterday that William Hill could use the enlarged stake to block the Scientific Games deal if…

Source: The Times November 09, 2017 00:00 UTC