SciPlay Corporation - SCPL STOCK NEWS

SciPlay (NASDAQ: SCPL) has launched a month-long TV campaign featuring Jerry O’Connell to promote its free-to-play mobile game, Quick Hit Slots. The campaign, titled “Winning Day,” emphasizes the game's growth as one of the fastest in 2022. New players will receive a six-million-coin welcome bonus by downloading the game during the campaign period from Jan. 23 to Feb. 12. The ads will air on national TV across various networks, aligning O’Connell's fanbase with the game's audience. This initiative follows successful partnerships with notable celebrities and aims to further enhance SciPlay's brand recognition and player engagement.

SciPlay has partnered with Rain the Growth Agency to launch the "Winning Day" campaign for its Quick Hit Slots app, featuring Jerry O'Connell as the spokesperson. Starting on January 23, 2023, the campaign aims to bring the Las Vegas slot machine experience to mobile users across the country. Quick Hit Slots is recognized as one of the fastest-growing social casino games of 2022. The campaign includes various media strategies such as TV spots, OTT content, and digital assets, offering new users a 6-million-coin bonus upon downloading the app. This collaboration leverages data-driven insights to enhance audience engagement.

SciPlay Corporation (NASDAQ: SCPL) reported strong Q3 2022 results, achieving record revenues of $170.8 million, a 17% increase YoY. Key performance indicators showed an ARPDAU rise of 16% to $0.80 and a payer conversion rate at a record 9.7%. However, net income decreased to $33.7 million from $37.0 million the previous year, primarily due to higher operating expenses. The company has returned $28 million in capital to shareholders via share repurchases. SciPlay maintains its revenue growth targets and plans to further invest in its direct-to-consumer platform.

SciPlay Corporation (NASDAQ: SCPL) announced the appointment of Jim Bombassei as Executive Vice President and Chief Financial Officer, effective December 1, 2022. With over 25 years of experience in corporate finance and investor relations, Bombassei aims to enhance SciPlay's financial operations and contribute to its growth strategy. CEO Josh Wilson emphasized the company's ambition to become the top mobile gaming entity globally, highlighting Bombassei's expertise in capital markets. Daniel O’Quinn will continue as Interim CFO until December before transitioning to VP, Finance.

SciPlay Corporation (NASDAQ: SCPL) will release its third-quarter financial results for the period ending September 30, 2022, on November 9, 2022, after market close. An investor audio conference call and webcast is scheduled for November 10, 2022, at 9:00 a.m. ET to discuss the results. Pre-registration is encouraged to streamline access. SciPlay is a leading developer of digital games on mobile and web platforms, offering popular social casino and casual games, with a variety of titles available on multiple platforms.

SciPlay Corporation (NASDAQ: SCPL) reported Q2 results with revenues of $160.1 million, up 4% year-over-year. The company achieved a record payer conversion rate of 9.4% and an ARPDAU of $0.74, reflecting strong engagement. However, net income decreased to $32.3 million compared to $37.9 million last year, influenced by higher operating expenses. SciPlay returned $15 million to shareholders via share repurchases, marking 25% of its authorization. The firm targets a 10% revenue growth for 2022 and revised its AEBITDA margin forecast to 28%-29%.

SciPlay Corporation (NASDAQ: SCPL) has initiated a summer-long marketing campaign featuring actress Sofia Vergara for its popular casino game, Jackpot Party. Launched on May 17, 2022, the campaign includes ads during America’s Got Talent and offers players entry into a raffle for a trip to Hollywood. Vergara’s involvement is expected to attract new players and enhance engagement with the existing audience. Jackpot Party is a top-ranked social casino game boasting over 200 slots, leveraging partnerships to expand its reach.

SciPlay Corporation (NASDAQ: SCPL) will release its second-quarter financial results on August 9, 2022, after market close. An investor conference call will be held on August 10, 2022, at 8:30 a.m. Eastern Time to discuss the results. Participants can pre-register for the call to gain immediate access and bypass the live operator. SciPlay is a leading developer of digital games on mobile and web platforms, offering popular social casino and casual games. For more information, visit SciPlay.com.

Engine Capital LP, holding 7.4% of SciPlay Corporation (NASDAQ: SCPL), is raising concerns about an extension of the IP agreement with Light & Wonder. They believe such an extension would provide little value and could involve conflicts of interest, as management negotiating the deal is influenced by Barry Cottle, who leads both companies. Engine Capital urges the board to form a special committee for independent oversight and avoid any unnecessary payments related to extending the IP agreement, citing the non-exclusive access to content already held by SciPlay.