Published
FinancialIndustry

Scientific Games begins SciPlay IPO

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

ScientificGames

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.

Premium+ Connections
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium Connections
Consultancy
Executive Profiles
Mohegan
Mohegan Inspire
DraftKings
The Star Entertainment Group
Follow Us

Company profile: Growe Partners

Dominate the Sports Betting Affiliate Arena with Growe Partn...

Company profile: GR8 Tech

The sportsbook provider discusses turning sportsbooks into a...

Analysing sports betting data from the African Cup of Nations 2024

Sports betting supplier Betby provides Gambling Insider with...

LiveScore Group: Football’s changing relationship with fans

Gambling Insider delves deeper into LiveScore’s Evolution...