Playtika Holding Corp’s board faces a shareholder derivative lawsuit accusing it of misleading investors over the prospects of its two most successful online casino games.
The lawsuit, filed on Friday in a Brooklyn federal court by shareholder Stephen Bushansky, accused the mobile gaming and tech company’s board of failing to disclose information about “drastic changes” for its top games that it knew about long before the company went public.
The Israel-based company projected $2.6 billion in revenue in 2021, but admitted a few months later to “previously undisclosed costly and complicated infrastructure changes” for its two top grossing games, ‘Slotomania’ ...
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