Light & Wonder completes acquisition of remaining public shares of SciPlay
Light & Wonder has acquired the remaining 17 per cent equity interest in SciPlay.
US.- Light & Wonder has announced that it has completed its previously announced acquisition of the remaining approximately 17 per cent equity interest in SciPlay Corporation that it did not previously own. It paid $22.95 per share in cash. SciPlay will now operate as a wholly-owned subsidiary of Light & Wonder.
Matt Wilson, president and chief executive officer of Light & Wonder, said: “Fully integrating SciPlay with Light & Wonder creates a more streamlined organization with the financial strength to accelerate our cross-platform strategy and deliver enhanced shareholder returns. SciPlay continues to achieve record-setting results and market outperformance, and we are confident that together we will build on their considerable momentum.
“As one company, we will drive improved collaboration between our talented teams to build and deploy the most engaging games across our digital and land-based platforms and create a more seamless, best-in-class player experience.”
Last week, Light & Wonder signed an exclusive distribution agreement to distribute slot developer Spribe’s games in the US. The deal will bring Spribe’s flagship game Aviator and its portfolio of Turbo Games to the US. The announcement comes after Light & Wonder launched its content creation platform Playzido in Michigan after the Michigan Gaming Control Board (MGCB) awarded the firm a B2B supplier licence.
