Light & Wonder, Inc has confirmed that it has completed the previously announced acquisition of the remaining 17% equity interest social casino business SciPlay Corporation.
As previously reported by Inside Asian Gaming, the deal is valued at US$485 million with Light & Wonder having paid US$22.95 per share in cash for the outstanding shares.
“Fully integrating SciPlay with Light & Wonder creates a more streamlined organization with the financial strength to accelerate our cross-platform strategy and deliver enhanced shareholder returns,” said Matt Wilson, President and CEO of Light & Wonder.
“SciPlay continues to achieve record-setting results and market outperformance, and we are confident that together we will build on their considerable momentum.
“As one company, we will drive improved collaboration between our talented teams to build and deploy the most engaging games across our digital and land-based platforms and create a more seamless, best-in-class player experience.”
SciPlay will now operate as a wholly-owned subsidiary of Light & Wonder, with SciPlay common stock no longer publicly traded on the Nasdaq Global Select Market, the company said.
