PLAYSTUDIOS, Inc. announces an Increase in Equity Buyback.
November 31, 2023
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On November 1, 2023, the company announced an increase in its equity buyback plan. The company increased its authorization by $19.97 million, thereby bringing its remaining authorization to $50 million. The company announced that it has extended its plan duration till November 10, 2024.
PLAYSTUDIOS, Inc. is a developer of free-to-play casual games for mobile and social platforms. The Company's game portfolio includes a diverse range of titles, from social casino and card games to puzzle and adventure games. It operates in two segments: playGAMES and playAWARDS. playGAMES segment is a developer and publisher of digital games on mobile and Web platforms. The Company operates primarily in the social gaming market, which is characterized by gameplay online or on mobile devices, that is social, competitive, and self-directed in pace and session length. playGAMES also operate in the casual space. playAWARDS segment consists of all of its loyalty assets globally in which it is engaged in developing an end-to-end loyalty solution to help clients reward, enrich, motivate and retain customers, including program design, points management and administration, and broad-based fulfillment and redemption across multiple channels.
PLAYSTUDIOS, INC. 
