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Business
March 3, 2022
SciPlay Acquires Alictus Studio in up to $300M Deal
Developer of social casino experiences SciPlay has added another high-profile mobile studio to its lineup of assets, expanding the reach of its gaming nous and expertise. The acquisition of Alictus, a Turkey-based development studio of casual game experiences, has become the latest asset that SciPlay will now run under its umbrella. SciPlay Pays Initial $100m, […]
Business
December 23, 2021
Scientific Games Withdrew Offer for SciPlay Remaining Equity
Gaming technology and services provider Scientific Games (SG) announced this week that it would no longer pursue to acquire the remaining equity interest in SciPlay. SciPlay Offer Rescinded SG decided to reverse its previous decision to acquire the remaining 19% equity interest in SciPlay. According to the bid tabled in July, SG offered each shareholder […]
Industry
July 16, 2021
SG Announces Plans to Acquire SciPlay Public Shares
Scientific Games sent a letter to SciPlay’s Board of Directors, proposing to acquire the public shares of the company it currently doesn’t own. SG revealed that SciPlay fits perfectly with the company’s strategic growth plan and predicts that the merger will bring benefits for shareholders. Scientific Games Aims At Acquiring SciPlay Public Shares Scientific Games, […]
Business
November 5, 2020
Scientific Games Posted Third Quarter Net Loss of $111M
Gaming equipment and technology provider Scientific Games (SG) released Wednesday its results for the third quarter of 2020, noting its quarter financial performance was adversely impacted by the coronavirus disruptions within the casino industry. Casino Operation Disruptions and Debt Re-Measurement Scientific Games posted for the three months ended September 30 revenue of $698 million, 18.4% […]
Business
April 15, 2020
Scientific Games Strongly Positioned to Deal with Business Adversity
Closure of land-based casinos and other retail gaming outlets did not affect the gaming companies only, but their technology solutions providers, too. In a statement regarding its financial position amid the ongoing health crisis, Scientific Games /SG/ reported it had implemented during the second quarter of 2020 cost savings to the extent of $100 million. […]