Light & Wonder Increases Custom Content Capabilities through Acquisition of Open Game Development Platform and Content Provider Playzido
May 10 2022 - 4:10PM
Business Wire
Purchase of Supplier to Aid Distribution of
Innovative Content Worldwide
Light & Wonder, Inc. (NASDAQ: LNW), formerly known as
Scientific Games Corporation (“Light & Wonder,” “L&W” or
the “Company”), today announced that the Company has significantly
increased the scope of its iGaming content capabilities with the
acquisition of Playzido, a dynamic content creation platform
provider and game supplier.
Playzido’s proprietary Remote Gaming Server (RGS) platform is
one of the best in the iGaming industry for rapid custom game
development
Their open and agile platform will accelerate the pace at which
L&W can partner with game studios and operators across the
globe to co-create new and exclusive content for players.
Plazyido’s platform will accelerate the L&W partnership
strategy that has already been instrumental in the creation of
content for studios like Lightning Box, who was also recently
acquired by L&W.
This acquisition will provide a faster route to market for
creative studios who do not own their own development platform, who
can now utilize Playzido’s advanced technology to rapidly develop
exciting and engaging content and take advantage of L&W’s
industry-leading and regulatory-ready OpenGaming™ aggregation
platform to distribute more games than ever before across L&W’s
operator network. For operators, this will not only provide new and
exciting content, but also facilitates their growing demand to
develop and launch unique content.
This marks another step towards Light & Wonder’s vision of
becoming the leading cross-platform global game company.
Launched in 2018 by former Paddy Power and Betfair alumni,
Stuart Banks, Playzido has developed a strong footing in European
markets, and now, with Light & Wonder, is primed to scale
further in these markets and to break into North American markets.
Playzido’s flexible technology is purpose-built for creative
independent studios by supporting every game type and incorporating
elements including multiplayer games and jackpots.
Dylan Slaney, CEO at Light & Wonder, iGaming said:
“The Playzido deal is a perfect example of an acquisition that
dovetails with our global strategy, demonstrating yet again our
commitment to make targeted value-enhancing investments designed to
advance our cross-platform content capabilities.
“Playzido’s platform is one of the best in the industry and we
are delighted to be able to harness that technology to help studios
and operators globally to develop and distribute game content that
will continue to resonate with players. Light & Wonder is the
go-to partner for game development and distribution globally,
delivering the perfect combination of technology, network, and
services.”
Stuart Banks at Playzido said: “This deal is testament to
the drive and dedication of our team, who have been committed to
building a fantastic games platform that allows independent studios
and operators to bring their creativity and innovation to the
global gaming market.
“It is the perfect moment to become part of the Light &
Wonder family, with the distribution power of OpenGaming, and their
regulatory expertise, we can look to accelerate quickly by bringing
on board more studios than ever before. The synergies behind the
acquisition are clear and we will now turn our attention to
extending our reach across markets across the world.”
The latest deal by Light & Wonder follows recent
high-profile iGaming acquisitions of slot developer Lightning Box,
premium live casino provider Authentic Gaming and leading European
slot developer ELK Studios.
© 2022 Scientific Games Corporation. All rights reserved.
About Light & Wonder, Inc.
Light & Wonder, Inc. (formerly known as Scientific Games
Corporation), is the global leader in cross-platform games and
entertainment. The Company brings together 5,000 employees from six
continents to connect content between land-based and digital
channels with unmatched technology and distribution. Guided by a
culture that values daring teamwork and creativity, the Company
builds new worlds of play, developing game experiences loved by
players around the globe. Its OpenGaming™ platform powers the
largest digital-gaming network in the industry. The Company is
committed to the highest standards of integrity, from promoting
player responsibility to implementing sustainable practices. To
learn more, visit lnw.com.
Forward-Looking Statements
In this press release, the Company makes "forward-looking
statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements can be
identified by words such as "will," "may," and "should." These
statements are based upon management's current expectations,
assumptions and estimates and are not guarantees of timing, future
results, or performance. Therefore, you should not rely on any of
these forward-looking statements as predictions of future events.
Actual results may differ materially from those contemplated in
these statements due to a variety of risks, uncertainties and other
factors, including those factors described in our filings with the
Securities and Exchange Commission (the “SEC”), including the
Company’s current reports on Form 8-K, quarterly reports on Form
10-Q and its annual report on Form 10-K that was filed with the SEC
on March 1, 2022 (including under the headings "Forward-Looking
Statements" and "Risk Factors"). Forward-looking statements speak
only as of the date they are made and, except for the Company’s
ongoing obligations under the U.S. federal securities laws, the
Company undertakes no obligation to publicly update any
forward-looking statements whether as a result of new information,
future events or otherwise.
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