Scientific Games Corporation completed the acquisition of Tech Art, Inc for $9.6 million.
January 22, 2018
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Scientific Games Corporation (NasdaqGS:SGMS) entered into an agreement to acquire Tech Art, Inc. on October 3, 2017. The transaction is subject to customary conditions and is expected to close in the first quarter of 2018.
Scientific Games Corporation (NasdaqGS:SGMS) completed the acquisition of Tech Art, Inc. for $9.6 million on January 23, 2018. The purchase price was paid in cash.
Light & Wonder, Inc. is a cross-platform global games company with a focus on content and digital markets. The Company's segments include Gaming, SciPlay and iGaming. The Gaming segment designs, develops, manufactures, markets and distributes a comprehensive portfolio of gaming content, products and services. The Company provides its gaming portfolio of products and services to commercial casinos, Native American casinos, wide-area gaming operators such as licensed betting offices (LBOs), arcade and bingo operators in the United Kingdom and continental Europe, and government agencies and their affiliated operators. The SciPlay segment is a developer and publisher of digital games on mobile and Web platforms. The SciPlay segment operates primarily in the social gaming market and hyper-casual space. The iGaming segment provides a comprehensive suite of digital gaming content, distribution platforms, player account management systems, as well as various other iGaming content and services.