7777 Gaming partners with Scientific Games for iLottery
Together with Scientific Games, a world pioneer in lottery games, 7777 Gaming will make digital lottery games available through the SG Content Hub Partner Program.The...
Scientific Games takes back SciPlay acquisition proposal
Scientific Games, a global leader in lottery and gambling industry, quits its offer to gain 19% of SciPlay, digital games’ leading developer.
Under the terms of the deal signed in July of the current year, SciPlay would become a brand under Scientific Games. Based on the new deal, SG will continue its retention of 98% voting as well as 81% economic interests within SciPlay.
The head of Scientific Games, Barry Cottle, commented on the withdrawal of his offer:
“We found it reasonable to cancel our deal within our strict strategy in Mergers and Acquisition (M&A) transaction. Yet, Sciplay has a chance to develop its market and reach $20 billion. We will keep investing in this sector strictly”.
Formerly, Scientific Games had suggested teaming up with SciPlay which would allow SciPlay’s stockholders gain 0.25 shares of SG supply in-place-of SciPlay’s per share.
The reason for the cancellation may lie behind the last deal of selling SG’s Lottery and sports betting business with the price of around $7bln.
Scientific Games opens new facility for UK National Lottery
Scientific Games has recently detailed its accomplishments to support Allwyn Entertainment in operating the UK’s National Lottery.One of the most significant milestones...
