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NEWS 23 April 2019

Scientific Games begins SciPlay IPO

By Tim Poole

Scientific Games has commenced the initial public offering of its social gaming business SciPlay.

The supplier is offering 22 million shares of Class A common stock, which is anticipated to generate between $14.00 and $16.00 per share.

The shares are expected to trade on the Nasdaq Global Select Market, with SciPlay also expecting to grant the underwriters a 30-day option to purchase an additional 3.3 million shares.

Last week, Scientific Games launched OpenSports, a sports betting technology suite which offers a redesigned sportsbook solution.

At the time of the announcement, Keith O'Loughlin, SVP Sportsbook for SG Digital, said: "The unification of our portfolio under a single brand allows us to help customers connect better with their players and deliver next level engagement."

Both moves ensure this is a significant time for Scientific Games in terms of organisational structure moving forward.

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