SciPlay, the former social games subsidiary of Scientific Games, has begun trading on the Nasdaq Stock Market as part of its initial public offering (IPO). A total of 22m shares of Class A common stock have been made available at $16 per share.
SciPlay Corporation, the social gaming subsidiary of Scientific Games, has filed a registration statement with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of a minority interest in its business.
Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.
Igaming platform and software provider GAN has said that it expects revenue for 2018 to come in ahead of market expectations after the business was boosted by a strong performance in the second half of the year.
Zynga has announced that it achieved its best top-line performance in four years during the third quarter, while the company has also entered into an agreement to acquire Peak Games’ mobile card games studio
Australia-based online gambling firm Favourit Global has launched a public offer through a reverse takeover of Australian Stock Exchange (ASX)-listed Celsius Coal in an effort to raise Aus$6 million (€4.1 million/US$4.6 million).