Scientific Games e SciPlay They had almost come to the acquisition, but now SG renounces the acquisition of the remaining shares of Sciplay.
The famous provider, already owner of some Sciplay shares, still in July he had presented a purchase proposal for the remaining shares for a value of $ 1.9 billion.
But now This offer has been withdrawn, and our experts and professionals in the sector talk to you in this article.
Scientific Games and Ski Play: what are they?
Scientific Games and Sciplay, both online games providers, until 2019 were practically the same company. Indeed, Sciplay was the social division of Scientific Games Corporation (SGC).
And then, In 2019, Sciplay had detached himself from Sgc to become an independent company also listed in the Nasdaq Stock Exchange.
The reasons for Sbati Games who renounces Sciplay acquisition
The president of Scientific Games Corporation explained the reasons that prompted the company to renunciation on the acquisition of the remaining (19%) Sciplay shares.
According to Barry Cottle la decisione è stata presa in linea con l’approccio alla gestione del capitale e alle M& A disciplinatenull Precisely for this reason it was decided that continuing to pursue this opportunity It would not be prudent for shareholders.
In fact, the agreement would have seen Scientific Games Corporation Dare 0.25 actions to each SCIPLAY shareholder, which are different from those of SGC.
The other recent movements of SGC
Scientific Games e SciPlay è l’ultima di una serie di attività di M& A di SGC. Negli ultimi mesi, infatti, il colosso ha concluso l’acquisition of the Swedish games provider Elk Studios and the provider of casino solutions Authentic Gaming in November 2022null The latter has, among other things, meaning The company's entry into the live casino market.
At the end of the year Scientifici Games Corporation also concluded a Agreement aimed at selling its lottery activity to the private equity company Brookfield business partners for $ 6.05 billion. In addition, the division of sports betting will be sold in Endeavor, an ill owner of the IMG Arena.
The proceeds from the sale of the Lotterie Division thus allow the company of Improve revenue for shareholders grazie alla riduzione della leva finanziaria. Questo perché andranno ad investire nel core business e a puntare a M& A digitali accrescenti per velocizzare le strategie di crescita.
The statements on Scientific Games and Sciplay
Barry Cottle, president and CEO of Scientific Games on the renunciation of acquisition of Sciplay spoke a lot about it with the media.
These are his declarations: “We remain engaged in our strategy to exploit our unparalleled successful franchise portfolio, the world class talent and the premium content engine for Develop great games completely multiplatform”.
“Sciplay remains a strategic resource e It has the opportunity to guide a significant value while its market share of the social casino grows and expands in the casual genre 20 billion dollars using his experience in involvement and monetization. ", then added.
And he concluded saying: “We will continue to invest in this sector disciplinedlynull It is important to note that while we make our strategy advance, we will continue to adopt a holistic approach to capital management, focusing on the allocation of capital for guide the growth of profits per action”.