Scientific Games Acquires Sideplay Entertainment For Undisclosed Sum

Scientific Games Corp SGMS has acquired Sideplay Entertainment, a digital content studio, for an undisclosed sum.
Scientific Games expects the acquisition to expand its portfolio of iLottery content and accelerate the global market penetration of its iLottery business.
Sideplay is the primary supplier of digital eInstant games to the UK National Lottery.
The addition of digital game server content distribution technology to Scientific Games' existing digital tech stack will increase speed-to-market.
Steve Hickson, Founder and Director of Sideplay, and the entire Sideplay team will join Scientific Games Lottery.
Scientific Games held $993 million in cash and equivalents as of June 30, 2021.
Price Action: SGMS shares are trading higher by 3.57% at $69.89 on the last check Monday.