PLAYSTUDIOS to Turn out to be the First Publicly Listed Cellular Video games Firm Providing Gamers Actual-World Rewards

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  • One-of-a-kind playAWARDS Loyalty Platform drives development in its current portfolio of video games, de-risks new sport launches, and helps consolidation
  • Capitalized to behave on strategically compelling acquisitions and development alternatives
  • Institutional Traders together with funds and accounts managed by BlackRock, ClearBridge Investments, and Neuberger Berman Funds, along with MGM Resorts Worldwide, Decide to an Upsized $250 Million Widespread Fairness PIPE
  • Transaction Values PLAYSTUDIOS at Roughly $1.1 Billion
  • PLAYSTUDIOS Founder & CEO Andrew Pascal to Proceed Main the Firm
  • Investor Name Scheduled for Tuesday, February 2, 2021 at 8:30 AM EST

PLAYSTUDIOS, Inc. (“PLAYSTUDIOS” or the “Firm”), an award-winning developer of free-to-play informal video games for cellular and social platforms that supply real-world rewards to loyal gamers, and Acies Acquisition Corp. (Nasdaq: ACAC) (“Acies”), a publicly-traded particular function acquisition firm, introduced as we speak that they’ve entered right into a definitive merger settlement that can end in PLAYSTUDIOS changing into a publicly listed firm. Upon the closing of the transaction, the mixed firm will probably be named PLAYSTUDIOS and stay listed on Nasdaq below the brand new ticker image “MYPS.”

PLAYSTUDIOS has developed a portfolio of fantastically designed, top-ranked video games which have attracted a loyal following due, partially, to the corporate’s unmatched playAWARDS Loyalty Program. This system lets gamers earn real-world rewards from a curated assortment of over 80 companions and 275 leisure, retail, journey, leisure, and gaming manufacturers. Thus far, the PLAYSTUDIOS group has used its in-app loyalty factors to buy over 10 million rewards with a retail worth of almost $500 million. The Firm has been named a High Developer by App Annie, the gaming trade’s chief in app analytics and aggregated app efficiency knowledge.

Acies’ administration crew is led by Chairman Jim Murren, previously Chairman and CEO of MGM Resorts Worldwide, and Co-Chief Govt Officers Dan Fetters and Edward King, previously Managing Administrators at Morgan Stanley. PLAYSTUDIOS is led by Founder, Chairman, and Chief Govt Officer Andrew Pascal, who will proceed to guide the mixed firm alongside together with his present founder-led administration crew. Mr. Pascal will stay a major fairness participant within the Firm.

“From our inception, we got down to create splendidly compelling video games that have been free-to-play and supplied real-world rewards,” stated Mr. Pascal. “We’ve now demonstrated the optimistic, long-term impression of this worth proposition with our present portfolio of apps, and we’re poised to hold that success into new merchandise and new sport genres. Changing into a public firm and securing the assets and help of key institutional buyers will allow us to speed up our development as we launch new merchandise, pursue new acquisition alternatives, and scale up our distinctive playAWARDS loyalty program.”

“Inside as we speak’s huge and rising video games market, PLAYSTUDIOS is exclusive in providing their viewers the chance to play for enjoyable and earn for actual. They know the way to make participating and enduring video games, and stand aside in having harnessed the ability of a strong and full-featured loyalty program,” stated Mr. Murren, Chairman of Acies. “The main target is now to take PLAYSTUDIOS platform and super-charge its development. We’ve ample initiatives, together with focused, strategic acquisitions; an growth of the rewards program into new classes resembling sports activities leisure; and the exploration of opening the playAWARDS platform below a loyalty-as-a-service mannequin. We stay up for leveraging Acies’ M&A information and broad relationships for the advantage of PLAYSTUDIOS and its shareholders.”


Proprietary playAWARDS Loyalty Program

  • One-of-a-kind loyalty program elevates key sport efficiency metrics

    • Extends retention
    • Drives extra frequent engagement
    • Drives elevated monetization

Portfolio of Franchise Video games

  • Assortment of sport manufacturers with evergreen traits
  • Imminent growth into informal and RPG sport genres

Large Market Alternative

  • $152 billion+ estimated international gaming market (Statista, IBISWorld)

World Community of Award Companions

  • Four continents, 17 international locations, 84 manufacturers, 275 companions
  • 10+ million rewards bought to-date, valued at almost $500 million

Extremely Enticing Monetary Profile

  • Compelling key efficiency indicators throughout common income per day by day person, participant monetization, and day by day payer development
  • 22% CAGR revenues 2017-2019A, projected 27% CAGR revenues 2020-2022E
  • 46% CAGR Adjusted EBITDA 2017-2019A, projected 67% CAGR Adjusted EBITDA 2020-2022E

Key Transaction Phrases

The transaction implies an enterprise valuation for PLAYSTUDIOS of $1.1 billion, or 2.5x projected 2022 income of $435 million or 12.3x projected 2022 professional forma Adjusted EBITDA of $90 million. Consideration to PLAYSTUDIOS will comprise a minimum of 89.1 million shares of ACAC frequent inventory and as much as $150 million in money. As well as, funds and accounts managed by BlackRock, ClearBridge Investments, Neuberger Berman Funds, and MGM Resorts Worldwide are main members within the $250 million PIPE, at a value of $10.00 per share of frequent inventory of Acies instantly previous to the closing of the transaction.

After giving impact to the transaction, the corporate is predicted to have roughly $290 million of money and a public fairness forex to speed up PLAYSTUDIOS’ development initiatives, which embody considerably increasing product improvement and acquisitions of different gaming and associated corporations. Upon the closing of the transaction, and assuming none of Acies public stockholders elect to redeem their shares, current PLAYSTUDIOS shareholders are anticipated to personal 64% of the mixed firm, the Acies sponsors are anticipated to personal 3% of the mixed firm, PIPE members are anticipated to personal 18% of the mixed firm, and public stockholders are anticipated to personal 15% of the mixed firm.

The boards of administrators of every of Acies and PLAYSTUDIOS have authorized the transaction. The transaction would require the approval of the stockholders of Acies, and is topic to different customary closing situations, together with the receipt of sure regulatory approvals. The transaction is predicted to shut in the course of the second quarter of 2021.


J.P. Morgan and LionTree Advisors are performing as monetary advisors to PLAYSTUDIOS and Davis Polk is performing as authorized advisor to the corporate. Morgan Stanley is performing as capital markets advisor to Acies Acquisition Corp., and Latham & Watkins LLP is performing as authorized advisor to Acies. J.P. Morgan, LionTree Advisors, Morgan Stanley, and Oppenheimer & Co. are performing as placement brokers for the PIPE.

Convention Name and Webcast Data

Traders might hearken to a pre-recorded name discussing the proposed enterprise mixture on February 2, 2021 at 8:30 am EST. The decision could also be accessed by dialing 1 (877) 407-3982 for home callers or 1 (201) 493-6780 for worldwide callers. As soon as related with the operator, please ask to hitch the “PLAYSTUDIOS and Acies Acquisition Corp. Enterprise Mixture Announcement Convention Name.”

A replay of the decision may even be obtainable at 11:30 am EST to 11:59 pm EST on February 16, 2021. To entry the replay, the home toll-free entry quantity is 1 (844) 512-2921 and members ought to present the convention ID of “13716108”.

Please go to the Investor Data part of PLAYSTUDIOS’ web site to entry the webcast.


PLAYSTUDIOS is the developer and operator of award-winning free-to-play informal video games for cellular and social platforms. Its assortment of authentic and printed titles is powered by the corporate’s groundbreaking playAWARDS loyalty advertising platform, which permits gamers to earn real-world rewards from a portfolio of worldwide leisure, retail, know-how, journey, leisure, and gaming manufacturers throughout 15 international locations and 4 continents. Based by a crew of veteran hospitality, know-how, and gaming entrepreneurs, PLAYSTUDIOS brings collectively one of the best of cellular gaming with an revolutionary loyalty platform as a way to present its gamers with an unequaled leisure expertise and its companions with actionable enterprise insights. To study extra about PLAYSTUDIOS, go to

About Acies Acquisition Corp.

Acies Acquisition Corp. is a newly organized clean examine firm, shaped for the aim of effecting a merger, share change, asset acquisition, share buy, reorganization or comparable enterprise mixture with a number of companies. The Firm was established in October 2020 to concentrate on figuring out a enterprise mixture goal throughout the dwell, location-based and cellular experiential leisure industries. To study extra about Acies, go to

Ahead-Wanting Statements

This press launch contains “forward-looking statements” throughout the which means of the “protected harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. The Firm’s and Acies’ precise outcomes might differ from their expectations, estimates and projections and consequently, you shouldn’t depend on these ahead wanting statements as predictions of future occasions. Phrases resembling “anticipate,” “estimate,” “venture,” “price range,” “forecast,” “anticipate,” “intend,” “plan,” “might,” “will,” “might,” “ought to,” “believes,” “predicts,” “potential,” “proceed,” and comparable expressions are supposed to determine such forward-looking statements. These forward-looking statements embody, with out limitation, the Firm’s and Acies expectations with respect to future efficiency and anticipated monetary impacts of the proposed enterprise mixture, the satisfaction of the closing situations to the proposed transaction, the timing of the completion of the proposed transaction, future monetary situation and efficiency of PLAYSTUDIOS and anticipated monetary impacts of the transaction (together with future income, adjusted EBITDA, professional forma fairness worth and money stability), the PIPE transaction, the extent of redemptions of Acies’ public stockholders and the merchandise and markets and anticipated future efficiency and market alternatives of PLAYSTUDIOS. These forward-looking statements contain vital dangers and uncertainties that would trigger the precise outcomes to vary materially from the anticipated outcomes. Most of those components are exterior the Firm’s and Acies’ management and are tough to foretell. Elements which will trigger such variations embody, however will not be restricted to: (1) the danger that the transaction might not be accomplished in a well timed method or in any respect, which can adversely have an effect on the value of Acies’ securities; (2) the danger that the transaction might not be accomplished by Acies’ enterprise mixture deadline and the potential failure to acquire an extension of the enterprise mixture deadline if sought by Acies (3) the failure to fulfill the situations to the consummation of the transaction, together with the approval of the merger settlement by the stockholders of Acies, the satisfaction of the minimal belief account quantity following any redemptions by Acies’ public stockholders and the receipt of sure governmental and regulatory approvals; (4) the dearth of a 3rd social gathering valuation in figuring out whether or not or to not pursue the proposed transaction; (5) the shortcoming to finish the PIPE transaction; (6) the impact of the announcement or pendency of the transaction on the Firm’s enterprise relationships, working outcomes, and enterprise typically; (7) the flexibility to take care of the itemizing of Acies’ securities on a nationwide securities change; (8) adjustments within the aggressive and controlled industries during which the Firm operates, variations in working efficiency throughout rivals, adjustments in legal guidelines and rules affecting the Firm’s enterprise and adjustments within the mixed capital construction; (9) the flexibility to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transaction, and determine and understand further alternatives; (10) prices associated to the transaction and the failure to comprehend anticipated advantages of the transaction or to comprehend estimated professional forma outcomes and underlying assumptions, together with with respect to estimated shareholder; or (11) different dangers and uncertainties indicated every now and then within the registration assertion containing the proxy assertion/prospectus mentioned under referring to the proposed enterprise mixture, together with these below “Danger Elements” therein, and in Acies’ or the Firm’s different filings with the SEC. The foregoing record of things will not be unique, and readers must also seek advice from these dangers that will probably be included below the header “Danger Elements” within the registration assertion on Type S-Four to be filed by Acies with the SEC and people included below the header “Danger Elements” within the ultimate prospectus of Acies associated to its preliminary public providing. Readers are cautioned to not place undue reliance upon any forward-looking statements on this press launch, which converse solely as of the date made. Acies and the Firm don’t undertake or settle for any obligation or enterprise to launch publicly any updates or revisions to any forward-looking statements on this press launch to replicate any change in its expectations or any change in occasions, situations or circumstances on which any such assertion is predicated.

No Supply or Solicitation

This press launch shall not represent a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This press launch shall additionally not represent a suggestion to promote or the solicitation of a suggestion to purchase any securities, nor shall there be any sale of securities in any states or jurisdictions during which such supply, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction. No providing of securities shall be made besides via a prospectus assembly the necessities of Part 10 of the Securities Act of 1933, as amended.

Extra Data

In reference to the proposed enterprise mixture, Acies intends to file a registration assertion on Type S-Four with the Securities and Alternate Fee (the “SEC”), which is able to embody a proxy assertion/prospectus, that will probably be each the proxy assertion to be distributed to holders of Acies’ frequent inventory in reference to its solicitation of proxies for the vote by Acies’ stockholders with respect to the proposed enterprise mixture and different issues as could also be described within the registration assertion, in addition to the prospectus referring to the supply and sale of the securities to be issued within the enterprise mixture. After the registration assertion is said efficient, Acies will mail a definitive proxy assertion/prospectus and different related paperwork to its stockholders. This doc doesn’t include all the data that ought to be thought of in regards to the proposed enterprise mixture and isn’t supposed to kind the premise of any funding resolution or another resolution in respect of the enterprise mixture. Acies’ stockholders, the Firm’s stockholders and different individuals are suggested to learn, when obtainable, the preliminary proxy assertion/prospectus included within the registration assertion and the amendments thereto and the definitive proxy assertion/prospectus and different paperwork filed in reference to the proposed enterprise mixture, as these supplies will include essential details about the Firm, Acies and the enterprise mixture. When obtainable, the definitive proxy assertion/prospectus and different related supplies for the proposed enterprise mixture will probably be mailed to stockholders of Acies as of a report date to be established for voting on the proposed enterprise mixture. Acies’ stockholders and the Firm’s stockholders may even have the ability to receive copies of the proxy assertion / prospectus and different paperwork filed with the SEC, with out cost, as soon as obtainable, on the SEC’s web site at, or by directing a request to: Acies Acquisition Corp., 1219 Morningside Drive, Suite 110, Manhattan Seashore, CA 90266.

Contributors within the Solicitation

Acies and PLAYSTUDIOS and their respective administrators and officers could also be deemed members within the solicitation of proxies of Acies’ stockholders in reference to the proposed enterprise mixture. A listing of the names of such administrators and government officers and data relating to their pursuits within the enterprise mixture will probably be contained within the proxy assertion/prospectus when obtainable. You could receive free copies of those paperwork as described within the previous paragraph.

Investor Relations

Jacques Cornet

[email protected]

Media Relations

Doug Donsky / Amy Rossetti

[email protected]

Acies Acquisition Corp.

[email protected]


Supply: Acies Acquisition Corp. and PLAYSTUDIOS, Inc.

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