Light & Wonder Completes Acquisition of SciPlay

Prominent betting goods and services provider Luminary & Astonishment has completed the purchase of SciPlay Corporation, a creator and distributor of electronic games on mobile and web platforms.

Publicized previously this year, the merger and acquisitions agreement was signed in August. In line with the agreement, Luminary & Astonishment acquired the remaining 17% ownership stake in SciPlay for the amount of $22.95 per stock. The funds were paid through cash transactions, as agreed upon.

 

[CR7]

Thank you for sharing the news about Luminary & Astonishment's acquisition of SciPlay Corporation. This merger and acquisition agreement, which was signed in August, is indeed a significant development in the gambling industry.

Luminary & Astonishment, a prominent provider of betting goods and services, has successfully acquired the remaining 17% ownership stake in SciPlay Corporation. SciPlay is widely recognized as a leading creator and distributor of electronic games for mobile and web platforms.

The purchase was completed for $22.95 per stock, and the payment was made through cash transactions, in accordance with the agreed-upon terms. This financial arrangement underscores the commitment of both parties to the successful completion of the acquisition.

By acquiring SciPlay, Luminary & Astonishment has expanded its portfolio and strengthened its position in the electronic gaming market. The mobile and web platforms developed by SciPlay have gained considerable popularity, making this acquisition a strategic move for Luminary & Astonishment.

With this collaboration, Luminary & Astonishment will gain access to SciPlay's expertise, technology, and customer base, enabling them to offer a wider range of gaming products and services. Moreover, SciPlay will be able to leverage Luminary & Astonishment's resources and market presence to enhance its own growth and reach.

The completion of this acquisition represents a significant milestone for both companies, solidifying their commitment to providing innovative and engaging gaming experiences to their customers. It will be interesting to see how Luminary & Astonishment utilizes SciPlay's assets and how this acquisition shapes the future of the gambling industry.