Scientific Games Completes Acquisition of DEQ Systems Corp
Scientific Games”) today announced the successful completion of its acquisition of DEQ Systems Corp. (TSXV: DEQ) (“DEQ”). The acquisition of DEQ complements Scientific Games’ innovative and expansive product porfolio for casinos, which includes a large library of proprietary table games, table progressives, electronic table systems and utility products for the casino pit.
Derik Mooberry, Scientific Games’ Group Chief Executive of Gaming, said, “DEQ’s table product portfolio, presently established in more than 300 casinos worldwide, expands the depth and breadth of our proprierary table games offering and table progressive systems solutions for casino operators. The addition of DEQ’s player-favorite and high-performing library of table games, table progressives, and random bonusing systems, including EZ Baccarat® and Progressive Pai Gow Poker, will enhance our recurring revenue base and add even more depth and breadth to our Shuffle Master® portfolio of games and table solutions.
Mooberry added that Scientific Games is especially excited about EZ Baccarat — the world’s leading baccarat brand with over 800 table games in 150 casinos across the globe.
The transaction will be accretive to Scientific Games’ earnings and operating cash flow.
Advisors on the Transaction
McMillan LLP is acting as legal counsel to Scientific Games. Union Gaming Securities, LLC is acting as financial advisor to DEQ, and Osler, Hoskin & Harcourt LLP is acting as legal counsel to DEQ.