{"id":265,"date":"2024-06-27T20:27:17","date_gmt":"2024-06-27T17:27:17","guid":{"rendered":"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/27\/illumination-marvel-to-acquire-remaining-sciplay-shares\/"},"modified":"2024-06-27T20:27:17","modified_gmt":"2024-06-27T17:27:17","slug":"illumination-marvel-to-acquire-remaining-sciplay-shares","status":"publish","type":"post","link":"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/27\/illumination-marvel-to-acquire-remaining-sciplay-shares\/","title":{"rendered":"Illumination &#038; Marvel to Acquire Remaining SciPlay Shares"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/qxqB8P43m98\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Illumination &#038; Marvel (I&#038;M) has declared intentions to purchase the remaining portion of SciPlay&#8217;s stock.<\/p>\n<p>The firm, which currently possesses 83% of the social gaming enterprise, has presented a bid of $20 per share for the remaining publicly traded stock. I&#038;M also controls 98% of SciPlay&#8217;s voting rights.<\/p>\n<p>The transaction will place a valuation of $2.1 billion on SciPlay, which represents a 28.5% premium over SciPlay&#8217;s closing price on May 17, the final day of trading preceding the offer.<\/p>\n<p>Should the acquisition be finalized, SciPlay will transition into a wholly owned subsidiary of I&#038;M.<\/p>\n<p>I&#038;M stated that the agreement will integrate their operations, streamlining collaboration to bolster the group&#8217;s strategy across diverse platforms. I&#038;M also asserted that merging their finances with SciPlay will grant them enhanced flexibility to allocate funds across the group, thereby augmenting shareholder value.<\/p>\n<p>&#8220;This proposed transaction presents SciPlay&#8217;s public stockholders with a compelling blend of value, expediency, and certainty,&#8221; remarked Matthew Wilson, president and CEO of I&#038;M, in a communication to the group&#8217;s board of directors. <\/p>\n<p>Public stockholders of SciPlay will immediately get a cash bonus for their shares, enabling them to obtain liquidity and lessen their investment danger in a fluctuating and unpredictable market.<\/p>\n<p>Wilson also mentioned that L&#038;W will not perform due diligence and does not expect the deal to require regulatory approval or approval from L&#038;W shareholders. He also stated that L&#038;W does not need any outside financing to fully fund the transaction.<\/p>\n<p>&#8220;Through our existing partnership with SciPlay, we believe this transaction will be operationally smooth, and we are excited to fully join forces with SciPlay&#8217;s skilled leadership team and employees to continue innovating for our customers and players,&#8221; he said.<\/p>\n<p>SciPlay&#8217;s Progress in the Initial Quarter<br \/>\nLast week, L&#038;W revealed that its revenue for the initial quarter of 2023 rose by 17.1% year-over-year, driven by record performance from its online gambling and SciPlay businesses.<\/p>\n<p>L&#038;W witnessed double-digit growth across all business segments in the quarter, with its gaming segment remaining its main source of income.<\/p>\n<p>Revenue for the initial quarter was $670 million, up from $572 million in the same period last year. Gaming revenue reached $419 million, SciPlay revenue was $186 million, and online gambling revenue was $65 million.<\/p>\n<p>L&#038;W Listed on the ASX<br \/>\nBefore announcing the news, L&#038;W also received conditional approval to be listed on the Australian Securities Exchange (ASX) this week. L&#038;W will be permitted to enter the ASX&#8217;s official listing as an ASX Foreign Exempt Listed Company. <\/p>\n<p>L&#038;Ws formal quotation for their board deposit interest (CDI) will commence on the 22nd of May. Each CDI will symbolize a fully paid standard share.<\/p>\n<p>Subscribe to the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Illumination &#038; Marvel (I&#038;M) has declared intentions to purchase the remaining portion of SciPlay&#8217;s stock. The firm, which currently possesses 83% of the social gaming enterprise, has presented a bid of $20 per share for the remaining publicly traded stock. I&#038;M also controls 98% of SciPlay&#8217;s voting rights. The transaction will place a valuation of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Illumination &amp; Marvel Acquires SciPlay in $2.1 Billion Deal<\/title>\n<meta name=\"description\" content=\"Illumination &amp; Marvel (I&amp;M) has acquired the remaining portion of SciPlay\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/27\/illumination-marvel-to-acquire-remaining-sciplay-shares\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Illumination &amp; Marvel to Acquire Remaining SciPlay Shares\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Illumination &amp; Marvel (I&amp;M) has acquired the remaining portion of SciPlay\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/27\/illumination-marvel-to-acquire-remaining-sciplay-shares\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Immerse Yourself in the Thrill of Licensed Online Casino Games\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T17:27:17+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/27\/illumination-marvel-to-acquire-remaining-sciplay-shares\/\",\"url\":\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/27\/illumination-marvel-to-acquire-remaining-sciplay-shares\/\",\"name\":\"Illumination & Marvel Acquires SciPlay in $2.1 Billion Deal\",\"isPartOf\":{\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T17:27:17+00:00\",\"dateModified\":\"2024-06-27T17:27:17+00:00\",\"author\":{\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Illumination & Marvel (I&M) has acquired the remaining portion of SciPlay\",\"breadcrumb\":{\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/27\/illumination-marvel-to-acquire-remaining-sciplay-shares\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/27\/illumination-marvel-to-acquire-remaining-sciplay-shares\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/27\/illumination-marvel-to-acquire-remaining-sciplay-shares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegasgemsnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Illumination &#038; Marvel to Acquire Remaining SciPlay Shares\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegasgemsnodepositbonus.icu\/#website\",\"url\":\"https:\/\/vegasgemsnodepositbonus.icu\/\",\"name\":\"Immerse Yourself in the Thrill of Licensed Online Casino Games\",\"description\":\"Stay informed and elevate your gambling experience through our fresh casino news, in-depth game reviews, and informative insights. 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