Scientific Games Files for Social Gaming IPO

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…