{"id":137605,"date":"2020-06-03T08:39:11","date_gmt":"2020-06-03T15:39:11","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=137605"},"modified":"2020-06-03T10:06:55","modified_gmt":"2020-06-03T17:06:55","slug":"playtika-is-considering-an-ipo-valuing-company-at-10-billion","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/","title":{"rendered":"Playtika Eyes $1 Billion US IPO Four Years After Caesars Sale"},"content":{"rendered":"

Playtika,the mobile gaming company controlled by Chinese investors, is reportedly considering a $1 billion initial public offering (IPO) in the US, which would value the firm at $10 billion.<\/p>\n

\"Playtika
Playtika founders Elad Kushnir (left) and Robert Antokol seen here in 2016. The Chinese investors behind the mobile gaming firm are mulling a US IPO. (Image: VentureBeat)<\/figcaption><\/figure>\n

Playtika is based in Israel and was founded in 2010. A year later, Caesars Interactive, the online unit of the US gaming giant, acquired the company. Because of its relationship with Caesars, Playtika acquired the World Series of Poker (WSOP) Social platform in 2013<\/a>. Caesars filed for Chapter 11 bankruptcy protection<\/a> in 2015 and sold the mobile gaming company in 2016 for $4.4 billion as part of the operator’s cash-raising efforts.<\/p>\n

Playtika has hired Morgan Stanley and other banks to underwrite the IPO and is aiming to go public either later this year or early in 2021,\u201d Reuters<\/i> reports, citing unidentified sources.<\/p><\/blockquote>\n

Although the company is based in Israel, it’s owned by Chinese investors Giant Network Group Co Ltd. and Yunfeng Capital. The latter is a private equity company started by Alibaba founder Jack Ma, who’s one of the richest men in Asia<\/strong>.<\/p>\n

Interesting Timing<\/h2>\n

News of Playtika mulling a US listing arrives as Chinese companies trading on US exchanges are facing more scrutiny, with speculation swirling that some large firms are even considering pulling their New York listings.<\/p>\n

\n

In a rare act of bipartisanship last week, the Senate passed legislation that would make Chinese companies trading in the US eligible to be inspected by the Public Company Accounting Oversight Board (PCAOB). The bill’s lead sponsors — Sen. John Kennedy (R-LA) and Sen. Chris Van Hollen (D-MD) — assert they’re not looking for a rift with China. But they do want Chinese companies trading in the US to be held to the same accounting and regulatory standards as American firms.<\/p>\n<\/div>\n

\u201cIf the Bill passes in the House of Representatives, there will first be a period to work out the details, followed by a three-year window for US-listed Chinese companies to submit their audited financials to the PCAOB,\u201d said KraneShares, a fund manager specializing in China and developing economies. \u201cThis structure allows for ample time to resolve differences and put policies in place between the PCAOB and China\u2019s regulators.\u201d<\/p>\n

The proposal comes at a time when tensions between the White House and Beijing<\/a> are again running high, and after the Luckin Coffee fiasco. Luckin, the Starbucks of China, was recently delisted from the Nasdaq after it was discovered the company falsified revenue.<\/p>\n

Maybe Good Timing<\/h2>\n

While there’s an element of geopolitics at play, Playtika’s IPO could ultimately prove well-timed, because investors are increasingly enthusiastic about online and mobile gaming<\/a> and the asset-light business models offered by companies in the space.<\/p>\n

Two of the most recent gaming IPOs \u2013 DraftKings (NASDAQ:DKNG) and GAN Ltd. (NASDAQ:GAN) \u2013 are direct plays on online betting and iGaming, and those stocks are soaring.<\/p>\n

Playtika, which has 27 million monthly users, offers games such as Bingo Blitz, Caesars Slots, and Poker Heat, in addition to WSOP social<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Playtika,the mobile gaming company controlled by Chinese investors, is reportedly considering a $1 billion initial public offering (IPO) in the US, which would value the firm at $10 billion. Playtika is based in Israel and was founded in 2010. A year later, Caesars Interactive, the online unit of the US gaming giant, acquired the company. […]<\/p>\n","protected":false},"author":46,"featured_media":137608,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,20],"tags":[],"acf":[],"yoast_head":"\nPlaytika Is Considering an IPO Valuing Company at $10 Billion<\/title>\n<meta name=\"description\" content=\"Chinese investors behind Israel-based mobile game company Playtike are considering a US IPO valuing the firm at $10 billion.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Playtika Is Considering an IPO Valuing Company at $10 Billion\" \/>\n<meta property=\"og:description\" content=\"Chinese investors behind Israel-based mobile game company Playtike are considering a US IPO valuing the firm at $10 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-03T15:39:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-03T17:06:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/playtika-boss.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"837\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/\",\"url\":\"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/\",\"name\":\"Playtika Is Considering an IPO Valuing Company at $10 Billion\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/playtika-boss.jpg\",\"datePublished\":\"2020-06-03T15:39:11+00:00\",\"dateModified\":\"2020-06-03T17:06:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Chinese investors behind Israel-based mobile game company Playtike are considering a US IPO valuing the firm at $10 billion.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/playtika-boss.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/playtika-boss.jpg\",\"width\":1200,\"height\":837,\"caption\":\"Playtika founders Elad Kushnir (left) and Robert Antokol seen here in 2016. The Chinese investors behind the mobile gaming firm are mulling a US IPO. (Image: VentureBeat)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mobile Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/mobile-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Playtika Eyes $1 Billion US IPO Four Years After Caesars Sale\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Playtika Is Considering an IPO Valuing Company at $10 Billion","description":"Chinese investors behind Israel-based mobile game company Playtike are considering a US IPO valuing the firm at $10 billion.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Playtika Is Considering an IPO Valuing Company at $10 Billion","og_description":"Chinese investors behind Israel-based mobile game company Playtike are considering a US IPO valuing the firm at $10 billion.","og_url":"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-06-03T15:39:11+00:00","article_modified_time":"2020-06-03T17:06:55+00:00","og_image":[{"width":1200,"height":837,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/playtika-boss.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/","url":"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/","name":"Playtika Is Considering an IPO Valuing Company at $10 Billion","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/playtika-boss.jpg","datePublished":"2020-06-03T15:39:11+00:00","dateModified":"2020-06-03T17:06:55+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Chinese investors behind Israel-based mobile game company Playtike are considering a US IPO valuing the firm at $10 billion.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/playtika-boss.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/06\/playtika-boss.jpg","width":1200,"height":837,"caption":"Playtika founders Elad Kushnir (left) and Robert Antokol seen here in 2016. The Chinese investors behind the mobile gaming firm are mulling a US IPO. (Image: VentureBeat)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/playtika-is-considering-an-ipo-valuing-company-at-10-billion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Mobile Gaming","item":"https:\/\/www.casino.org\/news\/mobile-gaming\/"},{"@type":"ListItem","position":3,"name":"Playtika Eyes $1 Billion US IPO Four Years After Caesars Sale"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/137605"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=137605"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/137605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/137608"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=137605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=137605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=137605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}