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Acies Acquisition Corp. Stockholders Approve Proposed Merger With PLAYSTUDIOS – Consumer Electronics Net consumerelectronicsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from consumerelectronicsnet.com Daily Mail and Mail on Sunday newspapers.
PlayStudios to go public with $1.1bn valuation 2nd February 2021 | By Robin Harrison Free-to-play mobile gaming business PlayStudios is to merge with special purpose acquisition company Acies Acquisition Corporation to list on the Nasdaq Stock Exchange. Founded in 2011, PlayStudios secured strategic investments from MGM Resorts International and console gaming giant Activision Blizzard in its early stages. It leveraged the partnership with MGM Resorts in particular, to offer real-world rewards at the casino giant’s properties through its proprietary PlayAwards loyalty program titles including MyVegas and Luxor Odds of the Gods. PlayAwards has since grown to incorporate more than 80 partners, and 275 entertainment, retail, travel, leisure and gaming brands, and is active across four continents and 17 countries. Players have used in-app loyalty points accumulated through PlayAwards to purchase more than 10m rewards, with a retail value of almost $500m.