LAS VEGAS, June 22, 2020
/PRNewswire/ -- SciPlay Corporation (NASDAQ: SCPL) ("SciPlay" or
the "Company") has acquired Come2Play, Ltd. ("Come2Play"), an
Israeli based developer and manager of casual mobile games. This
acquisition brings the company in to the fast growing casual gaming
segment.
Headquartered in Tel Aviv,
Israel with additional development offices in Poltava City,
Ukraine, Come2Play's social mobile
games are enjoyed by casual game players from around the world.
Come2Play's innovative game, Solitaire Pets Adventure, presents a
new and fresh spin on the classic game solitaire while its
Backgammon Live is the leading backgammon experience available.
Come2Play brings an experienced and talented international team
that will join forces with SciPlay's worldwide team to drive game
advancements and revenue expansion.
Since its founding, one of SciPlay's core strategies has been to
bring on the best new content and supercharge it with the Company's
industry leading player acquisition and revenue generation engine.
The Company's last acquisition, SpiceRack, brought the popular
bingo game Bingo Showdown into the SciPlay portfolio in
2017. SciPlay drove incredible results after the acquisition by
more than tripling the games' revenue. The Company will utilize the
same successful model to bring Come2Play into the SciPlay
portfolio.
"We are extremely excited to welcome the Come2Play team to
SciPlay as this is a perfect match when it comes to both our
products and culture," said Josh
Wilson, Chief Executive Officer of SciPlay. "Adding a
new genre of evergreen casual games and an incredibly talented team
to our portfolio immediately expands our market beyond social
casino apps, and enables us to leverage our unique technology and
strategies to drive player engagement and grow revenue. We believe
that with our support and expertise in user acquisition, analytics
and live ops, we will be able to drive new growth behind the
Come2Play titles."
"Our studio was founded on our passion to make games that really
connect with our players, and we are thrilled to be joining SciPlay
to take our games to the next level," said Alon Barzilay, Chief Executive Officer of
Come2Play. "By leveraging the expertise and support from the
wider SciPlay team, we will amplify the reach of our games,
including our groundbreaking Solitaire game, Solitaire Pets
Adventure. We couldn't be more thrilled for the future."
The transaction closed effective June 22,
2020 and does not materially impact the Company's liquidity
position, which is over $300 million
with no debt on the balance sheet. Financial details of the
transaction are not being disclosed.
© 2020 SciPlay. All Rights Reserved.
About SciPlay
SciPlay Corporation (NASDAQ: SCPL) is a leading developer and
publisher of digital games on mobile and web platforms. SciPlay
currently offers seven core games, including social casino games
Jackpot Party Casino, Gold Fish Casino, Hot Shot
Casino and Quick Hit Slots, and casual games MONOPOLY
Slots, Bingo Showdown and 88 Fortunes Slots.
SciPlay's social casino games feature slots-style game play and
occasionally table games-style game play, while its casual games
blend slots-style or bingo game play with adventure game features.
All of SciPlay's games are offered and played on multiple
platforms, including Apple, Google, Facebook and Amazon. In
addition to developing original games, SciPlay has access to a
library of more than 1,500 real-world slot and table games provided
by Scientific Games Corporation and its Subsidiaries. For more
information, please visit sciplay.com.
Forward-Looking Statements
In this press release, SciPlay 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 SciPlay's
current reports on Form 8-K, quarterly reports on Form 10-Q and its
latest annual report on Form 10-K filed with the SEC on
February 18, 2020 (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 SciPlay's ongoing obligations under the U.S.
federal securities laws, SciPlay undertakes no obligation to
publicly update any forward-looking statements whether as a result
of new information, future events or otherwise.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/sciplay-acquires-leading-casual-game-developer-and-operator-come2play-301080954.html
SOURCE SciPlay