Mobile gaming leader on the path to accelerate growth of award-winning content portfolio while developing new rewards partnerships with global brands
LAS VEGAS – PLAYSTUDIOS, an award-winning developer of free-to-play casual mobile and social games, celebrated its first day of trading as a public company on June 22 and is now poised to make new investments that will expand its content portfolio and attract new brand partnerships for its playAWARDS loyalty marketing platform.
Trading under the ticker symbols MYPS and MYPSW, the debut of PLAYSTUDIOS on the Nasdaq marks the recent completion of the company’s business combination with Acies Acquisition Corp. This important milestone is the culmination of a decade-long effort to establish and maintain the company’s position as a leader within the mobile gaming sector.
“Becoming a public company is validation of all of the hard work that we’ve put into developing our games and our playAWARDS loyalty program,” says PLAYSTUDIOS Founder, Chairman, and Chief Executive Officer Andrew Pascal. “We will now move forward with the resources that we need to accelerate our growth.”
PLAYSTUDIOS launched in 2011, and it continues to grow its portfolio of globally celebrated apps – myVEGAS Slots, my KONAMI Slots, myVEGAS Blackjack, POP! Slots, and the just-released myVEGAS Bingo. Gameplay is enhanced by the groundbreaking playAWARDS platform, in which players are able to exchange loyalty points for real world rewards from more than 290 brands.
In 2021 alone, PLAYSTUDIOS has expanded its catalog of brand partners to include IHG Hotels & Resorts, Innovative Music and Wine Brand City Winery, Global Hospitality Brand, Sycuan Casino Resort and Singing Hills Golf Resort, Las Vegas Ballpark® – home of the Las Vegas Aviators® professional baseball team – and a partnership expansion with MGM Resorts International to bring MGM Northfield Park to playAWARDS, the 18th MGM Resorts International property to join the loyalty platform.
“Mobile gaming is a highly competitive industry, and long ago we recognized the need for something that is compelling and unique to rise above the noise, while also rewarding players for their time spent in the games,” Pascal says. “playAWARDS works because we are able to deliver compelling rewards to our players wherever they are – on vacation or in their own neighborhoods.”
About PLAYSTUDIOS, Inc.
PLAYSTUDIOS is the developer and operator of award-winning free-to-play casual games for mobile and social platforms. The company’s collection of original and published titles is powered by its groundbreaking playAWARDS loyalty marketing platform, which enables players to earn real-world rewards from a portfolio of global entertainment, retail, technology, travel, leisure, and gaming brands across 17 countries and four continents. Founded by a team of veteran gaming, hospitality, and technology entrepreneurs, PLAYSTUDIOS brings together beautifully designed mobile gaming content with an innovative loyalty platform in order to provide its players with an unequaled entertainment experience and its partners with actionable business insights. To learn more about PLAYSTUDIOS, visit playstudios.com.
Rossetti Public Relations
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the listing of the Company’s Class A common stok and the Company’s warrants on the Nasdaq. The company’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the company to grow and manage growth profitably, and retain its key employees; (2) costs related to the business combination; (3) the inability to maintain listing of the company’s shares on the Nasdaq; (4) the company’s ability to execute its business plan and meet its projections; (5) the outcome of any legal proceedings that may be instituted against the company; (6) the impact of COVID-19 on the company’s business; (7) the company’s transition to becoming a public company including the associated expenses and the impact of public financial and other disclosures on its negotiations and arrangements with key counterparties; (8) changes in applicable laws or regulations; (9) general economic, business, and/or competitive factors; and (10) other risks and uncertainties included from time to time in the company’s other filings with the U.S. Securities and Exchange Commission (the “SEC”). Additional information will be made available in other filings that the company makes from time to time with the SEC. In addition, any forward-looking statements contained in this press release are based on assumptions that the company believes to be reasonable as of this date. The company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.