Light & Wonder acquire another company
On the 10th of May 2022, Light & Wonder (formerly SG Digital) announced that the company has increased the scope of its iGaming content capabilities with the acquisition of Playzido.
This acquisition will provide a faster route for creative studios that do not have their own development platform as they can utilize Playzido's advanced technology and take advantage of Light & Wonder's Open Gaming platform.
What is Playzido?
Playzido is the creator of one of the market's leading platforms for rapid game creation and custom game development. Light & Wonder expects to build on the brilliant foundations that Playzido have developed.
The open and agile platform from Playzido will accelerate the pace that Light & Wonder can partner with game studios and operators across the globe.
Playzido is known for the Remote Gaming Server (RGS) which is one of the best in the iGaming industry for custom rapid game development.
“Playzido's platform is one of the best,” says Light & Wonder
Dylan Slaney, CEO at Light & Wonder, iGaming said: “The Playzido deal is a perfect example of an acquisition that dovetails with our global strategy, demonstrating yet again our commitment to make targeted value-enhancing investments designed to advance our cross-platform content capabilities.”
He added: “Playzido’s platform is one of the best in the industry and we are delighted to be able to harness that technology to help studios and operators globally to develop and distribute game content that will continue to resonate with players. Light & Wonder is the go-to partner for game development and distribution globally, delivering the perfect combination of technology, network, and services.”
“Perfect moment to become part of the Light & Wonder family,” says Playzido
Stuart Banks at Playzido said: “This deal is testament to the drive and dedication of our team, who have been committed to building a fantastic games platform that allows independent studios and operators to bring their creativity and innovation to the global gaming market.”
He concluded: “It is the perfect moment to become part of the Light & Wonder family, with the distribution power of OpenGaming, and their regulatory expertise, we can look to accelerate quickly by bringing on board more studios than ever before. The synergies behind the acquisition are clear and we will now turn our attention to extending our reach across markets across the world.”