• Loading stock data...
Thursday, January 29, 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

    Nov 4, 2023; Santa Anita, CA, USA; Auguste Rodin (5), with jockey Ryan Moore up, wins the BREEDERS CUP TURF during the 2023 Breeders Cup World Championships at Santa Anita Park.
    by

    Santa Anita Track and California in Legal War Over Betting Machines
    The California DOJ seized gambling machines from Santa Anita.
    by

    Polymarket Drawn Into Nevada’s Prediction-Market Showdown
    Nevada’s gaming regulator is the first to take aim at Polymarket with a lawsuit.
    Bryson
    exclusive
    by

    NFL, PGA Tour Won’t Let Players Endorse Prediction Markets
    The leagues aren’t swayed by Kalshi’s deal with Bryson DeChambeau.
    Nov 18, 2023; Las Vegas, Nevada, USA; American DJ Steve Aoki during the Formula 1 Heineken Silver Las Vegas Grand Prix at the Las Vegas Strip Circuit.
    by

    DraftKings Cofounder, DJ Steve Aoki Accused of Duping NFT Buyers
    The proposed class action expects “tens of millions of dollars” in damages.

    Featured Today

    Tim Jenkins
    by

    How One NFL Pass Turned Into a Career on YouTube
    Tim Jenkins missed the NFL. He took his football IQ to YouTube.
    January 17, 2026

    Sports Goes All In on Non-Alcoholic Drinks Boom
    Athletes, teams, and leagues are pouring money into the NA beverage category.
    Tulsa Portal House
    January 16, 2026

    Inside the Tulsa Portal House: ‘This Will Translate to Wins’
    The Golden Hurricane set up an over-the-top battle station for football recruiting.
    Black Rabbit
    January 10, 2026

    The Netflix Star Who Makes Sure NBA Players Have Clean Towels
    How a Nets staffer landed a breakout role on “Black Rabbit.”

    More in Deals
    by

    CVC’s New Sports Business Buys Into $300M Equestrian Company
    Global Sport Group bought a controlling stake in Equine Network.
    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 Takes Board Role, Equity Stake in Youth Sports Company
    The Mavericks coach is an equity holder and member of the board.
    Puma store
    January 27, 2026

    Chinese Sportswear Giant Eyes World Domination With $1.8B Puma Deal
    Anta is now the largest shareholder in both Puma and Amer Sports.
    Sponsored

    From Kobe Bryant to Tom Brady: Mike Repole’s Billion-Dollar Playbook
    Mike Repole shares an inside look into building brands & working with star athletes.
    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 New 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.
    November 27, 2025

    Patrick Mahomes Deepens His Adidas Ties, Debuts Golf Gear Line
    Mahomes extends Adidas deal and launches his own branded golf apparel line.