• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

SciPlay committee to mull Sci Games’ acquisition offer

Aug 11, 2021 Newsdesk iGaming, Industry Talk, Latest News  


SciPlay committee to mull Sci Games’ acquisition offer

SciPlay Corp, a digital gaming content provider majority-owned by casino equipment and lottery specialist Scientific Games Corp, says it has set up a special committee and appointed advisors, “to review and evaluate” a proposal the board received from Scientific Games on July 15,

In July, Scientific Games made a proposal to acquire the remaining 19 percent of equity interest in SciPlay that it does not currently own, via an all-stock transaction.

A Tuesday announcement from SciPlay said its newly-formed special committee had retained financial services firm Lazard Ltd as its financial advisor, and Sullivan & Cromwell LLP as its legal counsel, “in connection with its review and evaluation of the proposed transaction”.

Under the proposal, SciPlay shareholders, other than Scientific Games and its subsidiaries, would receive 0.250 shares of Scientific Games’ common stock for each share of SciPlay Class A common stock they own.

This would “imply a premium of 11 percent” based on Scientific Games’ and SciPlay’s respective stock prices at the close of business on July 14, 2021, the last trading day prior to Scientific Games’ proposal, noted Tuesday’s annoucement.

On Monday, SciPlay reported second-quarter revenue down 7.0 percent judged year-on-year, at US$154 million, versus US$165.6 million in the second quarter 2020.

But Barry Cottle, president and chief executive of the Scientific Games parent, noted in the latter’s second-quarter results, also issued that day, that SciPlay’s second-quarter 2021 revenue was the “second highest” in the latter’s history.


  • tweet
Related articles
  • L&W offers US$422mln for remaining shares of SciPlay
    L&W offers US$422mln for remaining...

    May 19, 2023  

  • ‘Stunt Stars’ new slot game from Lightning Box
    ‘Stunt Stars’ new slot game from...

    Jan 05, 2023  

More news
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling...

    May 31, 2023  

  • Thailand still a watch and wait: LVS chairman
    Thailand still a watch and wait: LVS...

    May 31, 2023  


Latest News

iGaming growing in Asia, ops tackling challenges: Uplatform

iGaming growing in Asia, ops tackling challenges: Uplatform

May 31, 2023  

The iGaming segment in Asia “has grown rapidly” since the onset of the Covid-19 pandemic in early 2020, says Rakhi Jaimini (pictured), sales manager at sports betting and online casino operating...
Read More
Thailand still a watch and wait: LVS chairman

Thailand still a watch and wait: LVS chairman

May 31, 2023  

Bloomberry new court win in Bangladesh Bank heist case

Bloomberry new court win in Bangladesh Bank heist case

May 31, 2023  

‘See before you play’ slot marketing tool, say tech suppliers

‘See before you play’ slot marketing tool, say tech...

May 31, 2023  

Macau stocks tied to China outlook: Bloomberg analyst

Macau stocks tied to China outlook: Bloomberg analyst

May 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”[Macau casino] operators may want to remain prudent in not appearing to reward shareholders too early”

DS Kim

Head of Asia gaming and leisure research at JP Morgan Securities (Asia Pacific)



Most Popular

  • Dividend restart still far for Macau ops: JP MorganDividend restart still far for Macau ops: JP Morgan May 30, 2023
  • We’ll be in Singapore for many years: LVS chairmanWe’ll be in Singapore for many years: LVS chairman May 30, 2023
  • Cotai Expo hotel extra to licence capex, says GoldsteinCotai Expo hotel extra to licence capex, says Goldstein May 29, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us