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
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...