SciPlay And Light & Wonder: Reunion In The Making?

Dalius Taurus
4.14K Followers

Summary

  • SciPlay Corporation and its parent Light & Wonder, Inc. might finally recombine following SciPlay’s spinoff in 2019.
  • Light & Wonder has recently proposed to buy the remaining 17% economic stake in SciPlay at $20/share.
  • SciPlay shares currently trade slightly below the offer levels.
  • There is a decent chance of a price bump for the minorities.
  • What could be the potential upside in the higher offer scenario?

Casino online. Smartphone or mobile phone, slot machine, dice, cards and roulette on a green table in casino.

Bet_Noire

SciPlay Corporation (SCPL) is a $2.5bn market cap developer and publisher of mobile social casino games. Back in 2019, the company was spun off from its parent Light & Wonder, Inc. (NASDAQ:LNW) which has

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This article was written by

Dalius Taurus
4.14K Followers
Dalius Taurus has professional experience in investment banking and strategy consulting. He holds a number of finance degrees. He has been investing and specializing in event-driven opportunities for the past decade.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in LNW, SCPL over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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