Why SciPlay's Stock Is Soaring and Scientific Games' Stock Is Falling Today

Author: Live Casino Direct
 
Why SciPlay's Stock Is Soaring and Scientific Games' Stock Is Falling Today
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Scientific Games are down 4.6% heading into noontime trading. The casino and gaming-services leader offered to buy the rest of SciPlay. Sciplay's stock was soaring on the news, rising 12% in morning trading Thursday.

Scientific Games wants to buy SciPlay for $7 billion. The board will decide whether to accept the offer.

SciPlay is a developer and publisher of digital games for mobile and web platforms. Scientific Games recently announced it intended to divest its lottery and sports-betting businesses.