Latest SG Digital News
Jul 20, 2021
The Indian Wire imagesource:prnewswire A proposal has been presented by the Board of Directors at Scientific Games to acquire 19% equity interest at SciPlay Corporation. If this acquisition is made, SciPlay will become wholly owned subsidiary of the Scientific Games as the company already owns 81% of the economic interest and 98% of the voting interest in SciPlay. Scientific Games CEO and President, Barry L. Cottle, said in the letter: “significant operational, strategic and financial benefits, and drive shareholder value in excess of what each company could generate on a standalone basis.” “We believe SciPlay public shareholders will benefit from increased trading liquidity as a result of being part of a pro forma entity with a market capitalisation of $7bn.” The company intends to focus on digital markets and its expansion prospects to build engaging content and launch great games towards more fully cross-platforms.