Why Scientific Games Is Soaring and SciPlay Is Tumbling Today

Author: Live Casino Direct
 
Why Scientific Games Is Soaring and SciPlay Is Tumbling Today
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Scientific Games withdrew its offer to buy the remaining 19% interest in SciPlay. Sciplay stock plunged 18%. Scientific Games will retain its 81% equity interest.

SciPlay develops and publishes digital games for mobile and web platforms. It will continue to have access to Scientific Games' library of more than 1,500 real-world slot and table games.

Scientific Games and SciPlay couldn't come to terms. The gaming company believes its stock is undervalued. The company is interested in the Transaction specified above with respect to the publicly traded shares of Sciplay.