• Loading stock data...
Thursday, November 20, 2025
    More
    Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here
    Deals

    Playstudios’ $1.1 Billion Valuation

    By
    Feb 02, 2021 | 04:30 pm
    Playstudios

    Playstudios Inc. plans to go public through a SPAC merger that values the company at $1.1 billion.

    The mobile game developer will merge with Acies Acquisition Corp., led by chairman Jim Murren, the former MGM Resorts International CEO. The deal is expected to close in the second quarter.

    Playstudios develops gambling-style mobile games like slot machines and blackjack and offers real-world rewards through a loyalty program. 

    Like other mobile-friendly products, the pandemic had a positive effect on its business.

    • Playstudios had an estimated $274 million in revenue for 2020.
    • The global market for social casino games grew to $7 billion last year, up 24% from 2019.

    Investors including MGM Resorts, BlackRock and ClearBridge Investments have agreed to a $250 million investment in the new combined company, which will have an estimated $290 million total in cash. MGM backed Playstudios’ 2011 launch and contributes to the developer’s reward program.

    Eilers and Krejcik Gaming predicts the social-casino market will rise to $8.6 billion by 2025.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    Oct 27, 2025; Los Angeles, California, USA; Major League Baseball commissioner Rob Manfred before game three of the 2025 MLB World Series between the Toronto Blue Jays and Los Angeles Dodgers at Dodger Stadium.
    by

    Manfred Defends MLB Prop-Bet Rules As Congress Turns Up Heat
    The commissioner said recent rules changes “strike the right balance.”
    Jan 28, 2025; Washington, DC, USA; Senator Ted Cruz (R-TX), Chairman of the Senate Committee on Commerce, Science, and Transportation, begins a hearing to examine the Panama Canal and its impact on U.S. trade and national security, focusing on fees and foreign influence on Tuesday, January 28, 2025.
    by

    Congress Turns Up Heat on Sports Leagues Over Betting Integrity Issues
    MLB, the NBA, and the NCAA are all in lawmakers’ crosshairs.
    Nov 5, 2025; Los Angeles, California, USA; San Antonio Spurs forward Keldon Johnson (3) shoots ahead of Los Angeles Lakers forward Jake LaRavia (12) during the second half at Crypto.com Arena.
    by

    Where Things Stand With the NBA’s Gambling Investigation
    The law firm the league enlisted to investigate has begun its probe.
    Nov 13, 2025; Salt Lake City, Utah, USA; Atlanta Hawks forward Onyeka Okongwu (17) makes a three point basket over Utah Jazz center Jusuf Nurkic (30) during the first quarter at Delta Center.
    exclusive
    by

    Kalshi Adds NBA Prop Markets As Betting Crackdowns Surge
    A Kalshi spokesperson says it has “robust” protections in place.

    Featured Today

    Jul 13, 2025; East Rutherford, New Jersey, USA; FIFA president Gianni Infantino and President Donald Trump carry the FIFA Club World Cup trophy during the presentation after the final of the 2025 FIFA Club World Cup at MetLife Stadium.
    by

    Trump-MBS White House Dinner Showcases Saudi Sports Influence 
    Attendees included Ronaldo, Bryson DeChambeau, and the owner of the 76ers.
    November 19, 2025

    ABC, ESPN Bounce Back With Big CFB Ratings After YouTube TV Deal
    Oklahoma-Alabama and Texas-Georgia drew more than 10 million viewers.
    Oct 3, 2025; Tempe, AZ, USA; Penn State Nittany Lions forward Gavin McKenna (72) warms up before the game against the Arizona State Sun Devils at Mullett Arena
    November 18, 2025

    NCAA-CHL Rule Change Has Already Shaken Up Hockey
    Inside how leagues feel a year since the announcement.
    Sailgating
    November 14, 2025

    ‘Sailgating’: Inside Washington Football’s Tradition on the Water
    The pregame experience can cost tens of thousands of dollars.

    More in Deals
    TopGolf representatives celebrate their ribbon-cutting ceremony with Bay County residents in Panama City Beach, Fla., June 26, 2025. (
    by

    Callaway Offloads Topgolf in $1.1 Billion Sale to PE Firm
    The deal unwinds Topgolf’s 2020 merger with Callaway.
    July 6, 2025

    American Celebs Want to Be Sports Owners. Soccer Is Where They Start
    As U.S. team prices climb, investors set their sights abroad.
    Louisville’s Miller Moss and several of his teammates stopped by Olympus Gaming Lounge to play EA Sports College Football 26 with fans for a meet and greet. July 11, 2025
    September 29, 2025

    Saudis, Silver Lake, Jared Kushner Take EA Private in $55B Deal
    Electronic Arts makes “Madden,” “EA Sports College Football,” and more.
    Sponsored

    NFL QB Christian Ponder Is Preparing Athletes for Business
    Former NFL quarterback Christian Ponder discusses the transition from field to boardroom.
    Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
    June 25, 2025

    Rockets Get $20 Million in Wiggle Room From New VanVleet Deal
    VanVleet first signed with the Rockets in 2023.
    June 24, 2025

    Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over
    The unanimous approval brought a clean end to a long-disputed transaction.
    April 20, 2025

    Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP
    Aston Martin is currently seventh in the constructors championship.
    March 27, 2025

    Peyton Manning’s Omaha Productions Gets PE Boost
    The Hall of Famer’s company gains another prominent backer.