Scientific Games Corporation announced that it will spin off its social gaming business in a new subsidiary called SciPlay Corporation, and is planning an initial public offering of minority interest in the newly formed division.
Scientific Games’ Social Division, formerly part of SG Digital, is now identified as one of four operating divisions—the other three being Gaming, Lottery and Digital. One of SG’s legacy companies, WMS Gaming, was one of the pioneers in the social gaming market with its JackpotParty.com site. The company now known as SciPlay is one of the leading social gaming providers in the industry, with a library of more than 1,800 free-to-play games.
According to a press release, the company has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission proposing an initial public offering of a minority interest in SciPlay. The number of shares to be offered and the price range for the offering have not yet been determined.
The social gaming business will now officially be called SciPlay. The company has applied to list its Class A common stock on the NASDAQ Global Select Market under the ticker symbol SCPL.
