• Loading stock data...
Saturday, March 14, 2026
    More
    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

    In this photo illustration, a mobile device displays the Kalshi logo while a laptop displays the webpage of the prediction market platform in Copenhagen, Denmark, on February 10, 2026. (Photo by Kristian Tuxen Ladegaard Berg/NurPhoto)
    by

    CFTC Takes First Step Toward Reining In Sports Prediction Markets
    The regulator is wary of sports event contracts susceptible to manipulation.
    A cup flag flies on on the seventh green during the first round of The Players Championship PGA golf tournament at TPC Sawgrass, Thursday, March 12, 2026, in Ponte Vedra Beach, Fla.
    by

    PGA Tour on Prediction Markets: It’s ‘Complicated’
    The PGA Tour does not allow prediction market deals yet.
    Antonio Davis
    by

    Antonio Davis: NBA Betting Epidemic ‘Blows My Mind’
    The 13-year pro “can’t fathom” players who aren’t trying to win.
    April 23, 2024; Washington, D.C., USA; Exterior view of the U.S. Supreme Court as the court hears oral arguments on April 23, 2024, in a challenge by Starbucks to a judicial decision that required the coffee chain to rehire seven employees at one of its cafes in Memphis, Tennessee who a federal agency determined were fired for supporting unionization.
    by

    Why the Future of Sports Prediction Markets Hangs in the Balance
    Continued government support for the sports surge is not guaranteed.

    Featured Today
    by

    Alex Eala Has Become One of the Biggest Draws in Tennis
    Eala will face Coco Gauff in the third round at Indian Wells.
    Jun 9, 2021; Paris, France; The racket of Coco Gauff (USA) after she smashed it during her match against Barbora Krejcikova (CZE) on day 11 of the French Open at Stade Roland Garros
    March 6, 2026

    The ‘Rage Room’ Is the Hottest Place in Tennis
    The idea came from a player podcast.
    March 5, 2026

    Mark DeRosa Is Still Baseball’s Swiss Army Knife
    DeRosa is the sport’s utility player both on the field and off.
    Nicole Silveira
    March 3, 2026

    The Tattoo Marking Membership in the Most Exclusive Club in Sports
    For athletes, the Olympic rings tattoo is “about everything it took.”

    More in Deals
    Team WNBA guard Caitlin Clark dribbles up the court against Team USA during the WNBA All-Star Game at Footprint Center in Phoenix on July 20, 2024.
    by

    Fund Backing Women’s Sports Raises $250M and Counting
    Jason Wright oversees a fund that has secured $250 million.
    Puma store
    January 27, 2026

    China’s Anta Eyes World Domination With $1.8B Puma Deal
    Anta is now the largest shareholder in both Puma and Amer Sports.
    January 28, 2026

    CVC’s New Sports Business Buys Into $300M Equestrian Company
    Global Sport Group bought a controlling stake in Equine Network.
    Sponsored

    Paul Rabil: Why Owning a Team Is a 100x Bet
    Paul Rabil shares how he left an established league to build PLL.
    Jan 24, 2026; Dallas, Texas, USA; Dallas Mavericks head coach Jason Kidd motions to his team during the first quarter against the Los Angeles Lakers at the American Airlines Center.
    January 27, 2026

    Jason Kidd Joins PE-Backed Youth Sports Company
    The Mavericks coach is an equity holder and member of the board.
    Contestants compete in the annual Nathan's hot dog eating contest at Tootsie's 57th Anniversary Birthday Bash on Lower Broadway in Nashville on Oct. 10, 2017.
    January 22, 2026

    Nathan’s Hot Dog Contest Will Continue Under Chinese Ownership
    Nathan’s expects to keep the contest at Coney Island.
    Batbox
    January 12, 2026

    Bowling’s Blueprint Is Powering the New Social Gaming Boom
    New venues are fusing sports, entertainment, and good food.
    Sep 27, 2025; Philadelphia, Pennsylvania, USA; Minnesota Twins pitcher Kody Funderburk (55) and catch
    December 17, 2025

    Twins’ New Investments Value Club at $1.75 Billion
    The Twins have also announced a succession plan.