Scientific Games has grand plans for a social gaming IPO. The company filed an initial public offering (IPO) application with the U.S. Securities and Exchange commission (SEC). The company stated that it has filed for what they will call “SciPlay”, and that it will be traded on the NASDAQ Global Select Market Exchange under the symbol “SCPL.” SGs social gaming arm revolves around free to play games, the company earns revenue by offering in-game items that can be purchased by players. SGs gross revenue from social gaming was over $400 million in 2018, a growth of 15% from a year…

Slot machine giant Bally Technologies announced Thursday it would pay up to $100 million to acquire a social gaming company. Bally said it would purchase Dragonplay, an Israel-based social gaming business, which is considered one of the industry’s top 10 grossing social game developers with 700,000 active daily users and 3 million monthly users. Bally will pay $51 million in cash and up to $49 million over the next 18 months. The transaction is expected to close next month. The deal puts Bally, a traditional slot machine manufacturer, into the growing social gaming market, joining rival International Game Technology and…

This Week in Gambling – We pick the brain of Eamonn Toland, President of Paddy Power North America, about the current situation with sports betting and — in particular — fantasy sports and social gaming. Discussion includes current offerings and strategies from Paddy Power, as well as what the future may hold for sports betting in North America and how Paddy Power may be involved. . OUR INTERVIEW WITH EAMONN TOLAND OF PADDY POWER

The Unlawful Internet Gambling Enforcement, or the UIGEA, is a slick bit of con work by US politicians. Attached to a terrorism bill called the SAFE Port Act in 2006, the UIGEA was a last minute addition to a must-pass security measure. The manner in which the UIGEA was passed was borderline criminal. Political stooges like Senator Bill Frist on Tennessee and Representative Bob Goodlatte of Virginia pushed for passage of the UIGEA, not because it was the will of the people… but the will of their political donors. The UIGEA prohibits gambling businesses from “knowingly accepting payments in connection…

iGaming Business – Nick Batram, leisure analyst at KBC Peel Hunt, has told iGaming Business that investors should “tread warily” in the social gaming sector. Speaking after news emerged that mobile games developer King had filed documents for an initial public offering (IPO) in the US, Batram cited the examples of mobile games developers Zynga and Zatikka in explaining why the sector does not guarantee a positive return on investment. “There is a lot of money being invested in social gaming and there is no guarantee of success. Indeed the investment that ‘hard’ gaming companies have made has not delivered…

From Ozarks First – Love a sunny day at the racetrack, betting on the pretty horses with colorful silks and catchy names? Now you can enjoy betting at home with DerbyJackpot.com. Aimed at the casual gambler who isn’t tethered to the racing form, the online betting forum is social, easy and 24/7. Not all states offer the opportunity to bet or win real money, but thousands of people are cashing in—and in some cases, losing. Nonetheless, Derby Jackpot devotees can’t seem to resist the pre-race email, reminding them that the gray horse put money in their pocket last time it…