Advertisement
Australia markets closed
  • ALL ORDS

    8,065.50
    +113.20 (+1.42%)
     
  • AUD/USD

    0.6600
    -0.0026 (-0.39%)
     
  • ASX 200

    7,793.30
    +110.90 (+1.44%)
     
  • OIL

    78.50
    +0.02 (+0.03%)
     
  • GOLD

    2,323.60
    -7.60 (-0.33%)
     
  • Bitcoin AUD

    97,403.60
    -1,620.02 (-1.64%)
     
  • CMC Crypto 200

    1,332.28
    -32.84 (-2.41%)
     

Why Scientific Games Is Soaring and SciPlay Is Tumbling Today

Why Scientific Games Is Soaring and SciPlay Is Tumbling Today

Shares of Scientific Games (NASDAQ: SGMS) were jumping 9.2% higher in morning trading Thursday after the global gaming company withdrew its offer to buy the remaining 19% interest in SciPlay (NASDAQ: SCPL) that it doesn't already own. SciPlay stock plunged 18% on the announcement. The deal had been announced in July as an all-stock offer at a price of 0.250 shares of Scientific Games for each share of SciPlay owned.