SciPlay acquires Turkish gaming firm Alictus in $100-mn deal

 SciPlay acquires Turkish gaming firm Alictus in $100-mn deal

Nasdaq-listed SciPlay Corp has acquired an 80% stake in Turkish mobile game developer Alictus for $100 million in cash as part of its strategy to become a global game developer.

The Las Vegas-based company said it will acquire the remaining 20% of Alictus over the next five years in equal installments that will range anywhere from $0 to $200 million, depending upon revenue and profitability targets.

It also said that the acquisition will help it increase its daily active users by 1.8 million and monthly active users by 28 million, and will help diversity its revenue stream.

Alictus is one of many Turkish gaming companies that have attracted financial and strategic investors over the past couple of years as the sector booms globally, especially as people spend more time at home due to the coronavirus pandemic.

In January, for instance, Turkish gaming unicorn Dream Games snagged $255 million from a bunch of investors that catapulted its valuation to $2.75 billion. The same month, Spyke Games raised $55 million from venture capital firm Griffin Gaming Partners.

In December, Turkish private equity firm Actera invested in mobile gaming company Libra Softworks, marking at least its third investment in 2021 in the segment. Actera had previously backed Brew Games and Ace Games. Another Turkish investor, Boğaziçi Ventures, has bet on Gulliver’s Games, Mafia Games, Fiber Games, Funrika and Veloxia.

Alictus was founded in 2013 and is based in Ankara, Turkey. Some of its most prominent games include Candy Challenge 3D, Rob Master 3D, Deep Clean Inc., Oh God!, Money Buster!, and Collect Cubes.

Alictus will continue to be led by its existing management team, including its co-founders Emre Taş and Ecem Baran. Its headquarters and studio will remain in Turkey.

Josh Wilson, CEO of SciPlay, said the hyper-casual market is a natural expansion for the US company with game mechanics and player demographics that are similar to those across casual genres in which it already operates.

“This acquisition provides SciPlay an entry point into this market with a highly talented team and a robust pipeline of hyper-casual games, helping us to diversify into the in-app advertising business model and participate in the massive and fast-growing mobile advertising market,” he said.

Aman Malik

error: Content is protected !!
The Capital Quest