Mobile and social gaming firm is the creator of Bingo Showdown
Scientific Games Corporation announced its acquisition of Tennessee-headquartered mobile and social gaming firm Spicerack Media, Inc. Tuesday, for an undisclosed consideration.
Spicerack, the creator of the Bingo Showdown social bingo game app, complements Scientific Games’ stable of social casino games and mobile offerings.
“We are excited by the addition of Spicerack’s talented team and complementary nature of their successful bingo game offering to our expanding portfolio of rapidly growing social casino apps,” Barry Cottle, chief executive, SG Interactive, said.
“The acquisition will be immediately accretive and provide additional momentum in the mobile gaming space, as we look to exceed players’ expectations of exciting and engaging gaming entertainment experiences.”
Bingo Showdown, which constitutes the majority of Spicerack’s revenue, was a top five social bingo title in 2016, and has seen increased growth and market share gains each quarter since its launch, Scientific Games revealed.
“We are excited to bring our product portfolio into a company with the reputation of Scientific Games. Their interactive business has seen rapid growth over a sustained period of time, and we are proud to be joining such a successful part of the Company,” Davy Campano, co-founder of Spicerack Media, added.
Online Casino News Courtesy of Infopowa
