filed by acies acquisition corp. pursuant to rule 425

21
Filed by Acies Acquisition Corp. Pursuant to Rule 425 under the Securities Act of 1933 And deemed filed pursuant to Rule 14a-12 Of the Securities Exchange Act of 1934 Subject Company: PLAYSTUDIOS, Inc. Commission File No. 001-39652 Date: June 8, 2021

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Page 1: Filed by Acies Acquisition Corp. Pursuant to Rule 425

Filed by Acies Acquisition Corp.

Pursuant to Rule 425 under the Securities Act of 1933And deemed filed pursuant to Rule 14a-12

Of the Securities Exchange Act of 1934Subject Company: PLAYSTUDIOS, Inc.

Commission File No. 001-39652Date: June 8, 2021

Pl ay f or FREE . . . Ear n f or REAL!

DI SCLAI M ER Di s c l a i m er Thi s pr es ent a t i on i s pr ovi ded f or i nf or m at i ona l pur pos es onl y and has been pr epar ed t o as s i s t i nt e r es t ed par t i es i n m aki ng t h e i r own eva l ua t i on wi t h r es pec t t o a pr opos ed bus i nes s com bi na t i on ( t he " pr opos ed bus i nes s com bi na t i on”) be t ween PLAYSTUDI OS, I nc . ( " PLAYSTUDI OS” or t he " Com pany”) and Aci es Acqui s i t i on Cor p. ( " Aci es ” ) and r e l a t ed t r ans ac t i ons ( t he " t r ans ac t i ons ”) , and f or no ot her pur pos e . Thi s pr es ent a t i on does not cons t i t ut e an of f e r t o s e l l or t he s ol i c i t a t i on of an of f e r t o buy any s ecur i t i e s , or a s ol i c i t a t i on of any vot e or app r ova l , nor s ha l l t he r e by any s a l e of s ecur i t i e s i n any j ur i s di c t i on i n whi ch s uch of f e r , s ol i c i t a t i on or s a l e woul d be unl awf ul pr i or t o r egi s t r a t i on or qua l i f i ca t i on under t he s ecur i t i e s l aws of any s uch j ur i s di c t i on. No r epr es ent a t i ons or war r ant i es , expr es s or i m pl i ed, a r e gi ven i n, or i n r es pec t of , t hi s pr es ent a t i on. To t he f ul l es t ext en t p e r m i t t ed by l aw, i n no c i r cum s t ances wi l l PLAYSTUDI OS, Aci es or any of t he i r r es pec t i ve s ubs i di a r i es , equi t yhol der s , a f f i l i a t es , r epr es ent a t i ves , pa r t ner s , di r ec t or s , of f i ce r s , em pl oyees , advi s e r s or agent s be r es pon s i bl e or l i abl e f or any di r ec t , i ndi r ec t orcons equent i a l l os s or l os s of pr of i t a r i s i ng f r om t he us e of t hi s pr es ent a t i on, i t s cont ent s , i t s om i s s i ons , r e l i ance on t he i nf or m at i on cont a i ned wi t hi n i t , or on opi ni ons com m un i ca t ed i n r e l a t i on t he r e t o or ot her wi s e a r i s i ng i n connec t i on t he r ewi t h. I ndus t r y and m ar ke t da t a us ed i n t hi s pr es ent a t i on have been obt a i ned f r om t hi r d - pa r t y i ndus t r y publ i ca t i ons and s our ces as wel l a s f r om r es ear ch r epor t s pr epar ed f or ot her pur pos es . Ne i t her PLAYSTUDI OS nor Aci es has i ndependent l y ver i f i ed t he da t a obt a i ned f r om t hes e s our ces and cannot as s ur e you of t he da t a ’ s accur acy or com pl e t ene s s . Thi s da t a i s s ubj ec t t o change . I n addi t i on, t hi s pr es ent a t i on does not pur por t t o be a l l - i nc l us i ve or t o cont a i n a l l of t he i nf or m at i on t ha t m ay be r equi r ed t o m ake a f ul l ana l ys i s of PLAYSTUDI OS or t he pr opos e d bus i nes s com bi na t i on. You a r e ur ged t o m ake your own eva l ua t i on of PLAYSTUDI OS and s uch ot her i nves t i ga t i ons as you deem neces s a r y bef or e m aki ng an i nves t m ent or vot i ng dec i s i on. For war d Looki ng St a t em ent s Thi s pr es ent a t i on and t he r e l a t ed or a l com m ent a r y i nc l ude " f or war d - l ooki ng s t a t em ent s ” wi t hi n t he m eani ng of t he " s a f e har bor ” p r ovi s i ons of t he Uni t edSt a t es Pr i va t e Secur i t i e s Li t i ga t i on Ref or m Act of 1995. For war d - l ooki ng s t a t em ent s m ay be i dent i f i ed by t he us e of wor ds s uch as " es t i m at e , ” " pl an, ” " pr oj ec t , ” " f or ecas t , ” " i nt end, ” " w i l l , ” " expec t , ” " ant i c i pa t e , ” " be l i eve , ” " s eek, ” " t a r ge t ” or ot her s i m i l a r expr es s i ons t ha t pr edi c t or i ndi ca t e f ut ur e event s or t r ends or t ha t a r e not s t a t em ent s of hi s t or i ca l m at t e r s . Thes e f or war d - l ooki ng s t a t em ent s i nc l ude , but a r e not l i m i t ed t o, s t a t em ent s r egar di ng es t i m at es and f or ecas t s of f i nanc i a l and per f or m ance m et r i cs , pr oj ec t i ons of m ar ke t oppor t uni t y, t ot a l addr es s abl e m ar ke t ( TAM ) , m ar ke t s har e and com pet i t i on, exp ec t a t i ons and t i m i ng r e l a t ed t o com m er c i a l pr oduc t l aunches , t he pot ent i a l s ucces s of PLAYSTUDI OS’ M & A s t r a t egy and t he i nt egr a t i on of t hos e acqui s i t i ons , and expec t a t i ons r e l a t ed t o t he t e r m s and t i m i ng of t he t r a ns ac t i ons . Thes e s t a t em ent s a r e bas ed on var i ous as s um pt i ons , whe t her or not i dent i f i ed i n t hi s pr es ent a t i on, and on t he cur r ent expec t a t i ons of PLAYSTUDI OS’ and Aci es ’ m anagem ent and a r e not pr edi c t i on s o f ac t ua l pe r f or m ance . Thes e f or war d - l ooki ng s t a t em ent s a r e pr ovi ded f or i l l us t r a t i ve pur pos es onl y and a r e noti nt ended t o s e r ve as , and m us t not be r e l i ed on by any i nves t or as , a guar ant ee , an as s ur ance , a pr edi c t i on or a de f i ni t i ve s t a t em ent of f ac t or pr obabi l i t y. Ac t ua l event s and c i r cum s t ances a r e di f f i cul t or i m pos s i bl e t o pr edi c t , wi l l di f f e r f r om as s um pt i ons and a r e beyond t he cont r ol of PLAYSTUDI OS and Aci es . Thes e f or war d - l ooki ng s t a t em ent s a r e s ubj ec t t o a num ber of r i s ks and uncer t a i nt i es , i nc l udi ng changes i n dom es t i c and f or e i gn b us i nes s , m ar ke t , f i nanc i a l , pol i t i ca l and l ega l condi t i ons ; t he i nabi l i t y of t he par t i es t o s ucces s f ul l y or t i m el y cons um m at e t he pr opos ed bus i nes s com bi na t i on, i nc l udi ng t he r i s k t ha t any r equi r ed r egul a t or y appr ova l s a r e de l ayed or not obt a i ned or t ha t t he appr ova l of t he s har ehol der s of PLAYSTUDI OS or Aci es i s not obt a i ned; f a i l ur e t o r ea l i ze t he ant i c i pa t ed benef i t s of t he pr opos ed bus i nes s com bi na t i on; f ut ur e gl oba l , r e gi o na l or l oca l econom i c , pol i t i ca l , m ar ke t and s oc i a l condi t i ons , i nc l udi ng due t o t he COVI D - 19 pandem i c ; t he deve l opm ent , e f f ec t s and enf or cem ent of l aws and r egul a t i ons , i nc l udi ng wi t h r es pec t t o t he gam i ng i ndus t r y; PL AYSTUDI OS’ abi l i t y t o m anage i t s f ut ur e gr owt h or t o deve l op or acqui r e newgam es and m ake enhancem ent s t o i t s pl a t f or m ; t he e f f ec t s of com pet i t i on on PLAYSTUDI OS’ f ut ur e bus i nes s ; t he am ount of r edem pt i on r equ es t s m ade by Aci es ’ publ i c s har ehol der s ; t he out com e of any pot ent i a l l i t i ga t i on, gover nm ent and r egul a t or y pr oceedi ngs , i nves t i ga t i ons and i nqui r i es ; t he abi l i t y t o i m pl em ent bus i nes s pl ans , f or ecas t s and o t he r expec t a t i ons a f t e r t he com pl e t i on of t he pr opos ed t r ans ac t i on and i dent i f y and r ea l i ze addi t i ona l oppor t uni t i es ; f a i l ur e t o r ea l i ze ant i c i pa t ed benef i t s of t he t r ans ac t i on or t o r ea l i ze es t i m at ed f or ecas t s a nd pr oj ec t i ons ; or ot her r i s ks and uncer t a i nt i es i ndi ca t ed f r om t i m e t o t i m e i n t he r egi s t r a t i on s t a t em ent cont a i ni ng t he pr oxy s t a t em ent / pr os pec t us di s cus s ed be l ow r e l a t i ng t o t he pr opos ed bus i nes s com bi na t i o n, i nc l udi ng t hos e under " Ri s k Fac t or s ” t he r e i n, and i n Aci es ’ ot her f i l i ngs wi t h t he SEC. The f or egoi ng l i s t of f ac t or s i s not exc l us i ve , and r eader s s houl d a l s o r e f e r t o t hos e r i s ks t ha t wi l l be i nc l uded under t h e header " Ri s k Fac t or s ” i n t he r egi s t r a t i on s t a t em ent on For m S - 4 f i l ed by Aci es wi t h t he SEC ( Fi l e No. 333 - 253135) and t hos e i nc l uded under t he header " Ri s k Fac t or s ” i n Aci es ’ Annua l Repor ton For m 10 - K f or t he year ended Decem ber 31, 2021, as am ended. You a r e caut i oned not t o pl ace undue r e l i ance upon any f or war d - l ooki ng s t a t em ent s i n t hi s pr es ent a t i on, whi ch s peak onl y as of t he da t e m ade . PLAYSTUDI OS and Aci es do not und e r t ake or accept any obl i ga t i on or under t aki ng t o r e l eas e publ i c l y any upda t es or r evi s i ons t o any f or war d - l ooki ng s t a t em ent s i n t hi s pr es ent a t i on t o r e f l ec t any change i n i t s expec t a t i ons or any change i n even t s , condi t i ons or c i r cum s t ances on whi ch any s uch s t a t em ent i s bas ed.

Page 2: Filed by Acies Acquisition Corp. Pursuant to Rule 425

DI SCLAI M ER ( CONTI NUED) Us e of Pr oj ec t i ons Thi s pr es ent a t i on cont a i ns pr oj ec t ed f i nanc i a l i nf or m at i on wi t h r es pec t t o PLAYSTUDI OS, i nc l udi ng r evenue , cos t of s a l es , us e r a cqui s i t i on cos t s , ot her expens es and Adj us t ed EBI TDA. Such pr oj ec t ed f i nanc i a l i nf or m at i on cons t i t ut es f or war d - l ooki ng i nf or m at i on, i s f or i l l us t r a t i ve pur pos es onl y and s houl d not be r e l i ed upon as neces s a r i l y be i ng i ndi ca t i ve of f ut ur e r es ul t s . The as s um pt i ons and es t i m at es under l yi ng s uch pr oj ec t ed f i nanc i a l i nf or m at i on a r e i nher ent l y uncer t a i n and a r e s ubj ec t t o a wi de var i e t y of s i gni f i cant bus i nes s , econom i c , co m pet i t i ve and ot her r i s ks and uncer t a i nt i es t ha t coul d caus e ac t ua l r es ul t s t o di f f e r m at e r i a l l y f r om t hos e cont a i ned i n t he pr oj ec t ed f i nanc i a l i nf or m at i on. See " For war d - Looki ng St a t em ent s ” above . Ac t ua l r es ul t s m ay di f f e r m at e r i a l l y f r om t he r es ul t s cont em pl a t ed by t he pr oj ec t ed f i nanc i a l i nf or m at i on cont a i ned i n t hi s pr es ent a t i on, and t he i nc l us i on of s uch i nf or m at i on i n t hi s pr es ent a t i on s houl d not be r egar ded as a r epr es ent a t i on by any per s on t ha t t he r es ul t s r e f l ec t ed i n s uch pr oj ec t i ons wi l l be achi eved. Ne i t her t he i ndependent audi t or s of PLAYSTUDI OS or Aci esaudi t ed, r evi ewed, com pi l ed, or pe r f or m ed any pr ocedur es w i t h r es pec t t o t he pr oj ec t i ons f or t he pur pos e of t he i r i nc l us i on i n t hi s pr es ent a t i on, and accor di ngl y, ne i t he r of t hem expr es s ed an opi ni on or pr ovi ded any ot her f or m of as s ur ance wi t h r es pec t t he r e t o f or t he pu r po s e of t hi s pr es ent a t i on. Fi nanc i a l I nf or m at i on; Non - GAAP Fi nanc i a l M eas ur es The f i nanc i a l i nf or m at i on and da t a cont a i ned i n t hi s pr es ent a t i on i s unaudi t ed and does not conf or m t o t he r equi r em ent s of Re gul a t i on S - X. Accor di ngl y, s uch i nf or m at i on and da t a m ay not be i nc l uded i n, m ay be adj us t ed i n or m ay be pr es ent ed di f f e r ent l y i n, any pr oxy s t a t em ent , r egi s t r a t i on s t a t em ent or pr os pec t us f i l ed by Aci es wi t h t h e SEC. Som e of t he f i nanc i a l i nf or m at i on and da t a cont a i ned i n t hi s pr es ent a t i on, s uch as Adj us t ed EBI TDA ( AEBI TDA) , have not been pr epar ed i n accor dance wi t h Uni t ed St a t es gener a l l y accept ed account i ng pr i nc i pl e s ( " GAAP”) . Adj us t ed EBI TDA i s de f i ned as ne t i ncom e bef or e i nt e r es t , i ncom e t axes , depr ec i a t i on and am or t i za t i on and bef or e cos t s capi t a l i zed f or i nt e r na l - us e s of t war e pr oj ec t s , r es t r uc t ur i ng ( cons i s t i ng pr i m ar i l y of s ever ance and ot her r es t r uc t ur i ng r e l a t edcos t s ) , s t ock - bas ed com pens a t i on expens e , and ot her i ncom e and expens e i t em s ( i nc l udi ng unus ua l i t em s , f or e i gn cur r ency ga i ns and l os s es , and ot her non - cas h i t em s ) . PLAYSTUDI OS and Aci es be l i eve t ha t t he us e of Adj us t ed EBI TDA pr ovi des an addi t i ona l t ool t o as s es s oper a t i ona l pe r f or m ance and t r ends i n, and i n com par i ng PLAYSTUDI OS’ f i nanc i a l m eas ur es wi t h, ot her s i m i l a r com pani es , m any of whi ch pr es ent s i m i l a r non - GAAP f i nanc i a l m eas ur es t o i nves t or s . PLAYSTUDI OS’ non - GAAP f i nanc i a l m eas ur es m ay be di f f e r ent f r om non - GAAP f i nanc i a l m eas ur es us ed by ot her com pani es . T he pr es ent a t i on of non - GAAP f i nanc i a l m eas ur es i s not i nt ended t o be cons i der ed i n i s ol a t i on or as a s ubs t i t ut e f or , or s uper i or t o, f i nanc i a l m eas ur es de t e r m i ned i n accor dance wi t h GAAP. The pr i nc i pa l l i m i t a t i on of Adj us t ed EBI TDA i s t ha t i t exc l udes s i gni f i cant expens es and i ncom e t ha t a r e r equi r ed by GAAP t o be r ecor ded i n PLAYSTUDI OS’ f i nanc i a l s t a t em ent s . A r econc i l i a t i on of Adj us t ed EBI TDA t o t he m os t d i r ec t l y com par abl e GAAP m eas ur e cannot be pr ovi ded wi t hout unr eas onabl e e f f or t becaus e of t he i nher ent di f f i cul t y of accur a t e l y f or ecas t i ng t he occur r ence and f i nanc i a li m pac t of t he var i ous adj us t i ng i t e m s neces s a r y f or s uch r econc i l i a t i ons t ha t have not ye t occur r ed, a r e out of PLAYSTUDI OS’ cont r ol or cannot be r eas onabl y pr edi c t ed. For t he s am e r eas ons , PLAYSTUDI OS i s unabl e t o pr ovi de pr obabl e s i gni f i cance of t h e u nava i l abl e i nf or m at i on, whi ch coul d be m at e r i a l t o f ut ur e r es ul t s . Becaus e of t he l i m i t a t i ons of non - GAAP f i nanc i a l m eas ur es , you s houl d cons i der t he non - GAAP f i nanc i a l m eas ur es pr es ent ed i n t hi s pr es ent a t i on i n conj unc t i on wi t h PLAYSTUDI OS’ audi t ed f i nanc i a l s t a t em ent s and t he r e l a t ed not es t he r e t o. No Of f e r or Sol i c i t a t i on Thi s pr es ent a t i on s ha l l not cons t i t ut e a s ol i c i t a t i on of a pr oxy, cons ent or aut hor i za t i on wi t h r es pec t t o any s ecur i t i e s or i n r es pec t of t he pr opos ed t r ans ac t i on. Thi s pr es ent a t i on s ha l l a l s o not cons t i t ut e an of f e r t o s e l l or t he s ol i c i t a t i on of an of f e r t o buy any s ecur i t i e s , nor s ha l l t he r e be any s a l e of s ecur i t i e s i n any s t a t es or j ur i s d i c t i ons i n whi ch s uch of f e r , s ol i c i t a t i on or s a l e woul d be unl awf ul pr i or t o r egi s t r a t i on or qua l i f i ca t i on under t he s ecur i t i e s l aws of any s uch j ur i s di c t i on. No of f e r i ng of s ecur i t i e s s ha l l be m ade except by m eans of a p r os pec t us m ee t i ng t her equi r em ent s of Sec t i on 10 of t he Secur i t i e s Act of 1933, as am ended.

DI SCLAI M ER ( CONTI NUED) Addi t i ona l I nf or m at i on I n connec t i on wi t h t he pr opos ed bus i nes s com bi na t i on, Ac i es has f i l ed, and t he Secur i t i e s and Exchange Com m i s s i on ( t he " SEC”) ha s dec l a r ed e f f ec t i ve , a r egi s t r a t i on s t a t em ent on For m S - 4 ( Fi l e No. 333 - 253135) wi t h t he Secur i t i e s and Exchange Com m i s s i on ( t he " SEC”) , whi ch i nc l udes a pr oxy s t a t em ent / pr os pec t us and has been di s t r i but ed t o h ol d e r s of Ac i es ’ or di nar y s har es i n connec t i on wi t h i t s s ol i c i t a t i on of pr oxi es f or t he vot e by Aci es ’ s har ehol der s wi t h r es pec t t o t he pr opos ed bus i nes s com bi na t i on and ot her m at t e r s des c r i bed t her e i n. The pr oxy s t a t em ent / pr os pecut s does not cont a i n a l l t he i nf or m at i on t ha t s houl d be cons i der ed concer ni ng t he pr opos ed bus i nes s com bi na t i on and i s not i nt ended t o f or m t he bas i s of any i nves t m ent dec i s i on or any ot her de c i s i on i n r es pec t of t he bus i nes s com bi na t i on. Ac i es ’ s har ehol der s , t he Com pany’ s s t ockhol der s and ot her i nt e r es t ed per s ons a r e advi s ed t o r ead t he pr oxy s t a t em ent / pr os pec t us i nc l uded i n t he r egi s t r a t i on s t a t em ent and t he am endm ent s t he r e t o and t he def i ni t i ve pr oxy s t a t em ent / pr os pec t us and ot her docum ent s f i l ed i n connec t i on wi t h t he pr opos ed bus i nes scom bi na t i on, as t hes e m at e r i a l s cont a i n i m por t ant i nf or m at i on abo ut t he Com pany, Ac i es and t he bus i nes s com bi na t i on. Ac i es ’ s har ehol der s and t he Com pany’ s s t ockhol der s wi l l a l s o be abl e t o obt a i n copi es of t he pr oxy s t a t em ent / pr os pec t us and ot her docum ent s f i l ed wi t h t he SEC, wi t hout char ge , once ava i l abl e , a t t he SEC’ s webs i t e a t www. s ec . gov. I NVESTM ENT I N ANY SECURI TI ES DESCRI BED HEREI N HAS NOT BEEN APPROVED OR DI SAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORI TY NOR HAS ANY AUTHORI TY PASSED UPON OR ENDORSED THE M ERI TS OF THE OFFERI NG OR THE ACCURACY OR ADEQUACY OF THE I NFORM ATI ON CONTAI NED HEREI N. ANY REPRESENTATI ON TO THE CONTRARY I S A CRI M I NAL OFFENSE. Par t i c i pant s i n t he Sol i c i t a t i on Aci es and PLAYSTUDI OS and t he i r r es pec t i ve di r ec t or s and of f i ce r s m ay be deem ed par t i c i pant s i n t he s ol i c i t a t i on of pr oxi es o f A c i es ’ s har ehol der s i n connec t i on wi t h t he pr opos ed bus i nes s com bi na t i on. A l i s t of t he nam es of s uch di r ec t or s and execut i ve of f i ce r s and i nf or m at i on r egar di ng t he i r i nt e r es t s i n t he bus i nes s com bi na t i on wi l l be con t a i ned i n t he pr oxy s t a t em ent / pr os pec t us when ava i l abl e . You m ay obt a i n f r ee copi es of t hes e docum ent s as des cr i bed i n t hepr ecedi ng par agr aph. Tr adem ar ks Thi s pr es ent a t i on cont a i ns t r adem ar ks , s e r vi ce m ar ks , t r ade nam es and copyr i ght s of Ac i es , PLAYSTUDI OS and ot her com pani es , w hi c h a r e t he pr oper t y of t he i r r es pec t i ve owner s .

Page 3: Filed by Acies Acquisition Corp. Pursuant to Rule 425

Robus t Pi pe l i ne of New Gam es Founder - l ed I ndus t r y - l eadi ng Ta l ent M as s i ve M ar ke t Oppor t uni t y Com pel l i ng Li br a r y of Gam es Pr oven r ecor d of e f f i c i ent capi t a l a l l oca t i on Pr opr i e t a r y Loya l t y Pl a t f or m Gl oba l Ne t wor k of Awar d Par t ner s Dedi ca t ed Net wor k of Pl ayer s $105M ‘ 22 AEBI TDA 3. 7M M AU 46% ’ 19 - ’ 22 AEBI TDA CAGR 56 M I NUTES PLAY/ DAY $435M ‘ 22 REVENUE +100M DOW NLOADS LTD ‘ M YPS’ SNAPSHOT

16. 6x 14. 9x 12. 2x 10. 5x 9. 6x Zynga Gam i ng Peer s Avg. Pl ayt i ka Pl aySt udi os Sc i Pl ay TRANSACTI ON HI GHLI GHTS x Enor m ous , hi gh gr owt h TAM x Di f f e r ent i a t ed, pr oven, bus i nes s m ode l • Loya l t y engender s pl ayer engagem ent , r e t ent i on and m one t i za t i on • Pl a t f or m char ac t e r i s t i cs x St r ong hi s t or i ca l gr owt h ( r evenues , KPI ’ s ) x M ul t i pl e gr owt h dr i ver s • Cont i nued opt i m i za t i on of exi s t i ng gam es • Launch new gam es i n adj acent genr es • M ar gi n nor m al i za t i on • M & A x Aci es adds t angi bl e va l ue i n t r ans i t i on t o publ i c dom ai n, M & A gr owt h, capi t a l s t r uc t ur e opt i m i za t i on and new par t ner acces s x Hi ghl y a t t r ac t i ve va l ua t i on ent r y poi nt x Aci es knows and t r us t s m anagem ent t eam t hr ough l ong - s t andi ng r e l a t i ons hi p Hi ghl y At t r ac t i ve Bus i nes s Fundam ent a l s Tr ans ac t i on St r uc t ur ed t o Gener a t e Shar ehol der Val ue • Ups i zed PI PE f r om $200M M t o $250M M • Com m i t m ent f or $20M of of f e r i ng f r om M GM Res or t s ( key s t r a t egi c par t ner ) • Over s ubs cr i bed com m i t m ent s f r om Ti e r - I i ns t i t ut i ona l i nves t or s ALI GNED I NCENTI VES • Subs t ant i a l equi t y r ol l ed by PS s har ehol der s ( 85% equi t y / 15% cas h) • Lock - ups f or Pl aySt udi os ’ s har ehol der s and Aci es Founder s • Ear n - out t i ed t o s t ock pr i ceappr ec i a t i on TRANSACTI ON CERTAI NTY ATTRACTI VE VALUATI ON CAPI TAL STRUCTURE TO READI LY FUND GROW TH • No out s t andi ng debt • $285M M cas h on BS ( per S - 4; 1Q21 - PF; as s um es f ul l Tr us t r ol l over ) Publ i c l i s t i ng pos i t i ons M YPS f or gr owt h

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$0. 0B $20. 0B $40. 0B $60. 0B $80. 0B $100. 0B $120. 0B $140. 0B $160. 0B $180. 0B 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 M us i c M ovi es Book Publ i s hi ng Gam i ng M ASSI VE M ARKET Gam i ng has ec l i ps ed m us i c , m ovi es , and books . 2020 TAM ( 2009 - 2020 CAGR) M us i c $21. 6B 3% M ovi es $12. 4B ( 8% ) Books $85. 9B ( 1% ) Gam i ng $174. 9B 11% 37% M obi l e Gam i ng $86. 3B

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DI FFERENTI ATED & PROVEN M ODEL The Loya l t y Li f t - Loya l t y m echani cs dr i ve l as t i ng engagem ent . I nc r em ent a l I m pac t of Loya l t y Pr ogr am Cr os s - Pr om ot i on Or gani c Li f t Deeper Engagem ent Deve l opm ent Launch Gr owt h M at ur i t y Cont r ac t i on The i ndus t r y’ s onl y com pany of f e r i ng f r ee - t o - pl ay gam es wi t h r ea l - wor l d r ewar ds

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LOYALTY PROGRAM S W ORK M or e cons um er engagem ent wi t h br ands of f e r i ng l oya l t y pr ogr am s . Hot e l Gr ocer y Re t a i l Thea t e r s Di ni ng Ai r l i ne Car Cof f ee Gas Cr edi t Car d Loya l t y pr ogr am s have been br oadl y adopt ed ac r os s m os t cons um er i ndus t r i es . 8 % 7

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0 1 2 3 4 5 6 7 8 9 10 11 12 No St or e Vi ewer St or e Vi ewer w/ o Pur chas e Pur chas e w/ o Redem pt i on Redeem er OUR LOYALTY PROGRAM W ORKS pl ayAW ARDS dr i ves i nc r eas ed r e t ent i on, engagem ent and m one t i za t i on. Engagem ent Re t ent i on 10X Ret ent i on l i f t f or Redeem er s vs No - St or e Vi ewer s 4X Spendi ng l i f t f or Redeem er s vs No - St or e Vi ewer s M i nut es per Day Ses s i ons per Day M ont h over M ont h % M onet i za t i on Annua l Spend 3X Engagem ent l i f t f or Redeem er s vs No - St or e Vi ewer s

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THE VI RTUOUS CYCLE M or e peopl e i n - gam e m eans m or e peopl e can be r eached by our par t ner s . M or e Pl ayer s M or e peopl e i n t he apps t ha t can be ac t i va t ed on beha l f of our par t ner s . M or e Cus t om er s W i t h be t t e r r each and t he abi l i t y t o dr i ve m or e t r a f f i c , m or e par t ner s j oi n t he ne t wor k. M or e Par t ner s Be t t e r va l ue pr opos i t i on f or t he pl ayer s - m or e awar ds ava i l abl e . M or e Awar ds The Bus i nes s I m pac t .

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$- $100, 000, 000 $200, 000, 000 $300, 000, 000 $400, 000, 000 $500, 000, 000 $600, 000, 000 - 2, 000, 000 4, 000, 000 6, 000, 000 8, 000, 000 10, 000, 000 12, 000, 000 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cum ul a t i ve Rewar ds Pur chas ed Cum ul a t i ve Re t a i l Va l ue Pur chas ed THE PROGRAM SCALE Pl ayer s have pur chas ed over 10, 000, 000 r ewar ds wi t h a r e t a i l va l ue of near l y $500M Rewar d Pur chas e Act i vi t y Re t a i l Va l ue of Rewar ds Pur chas ed Rewar ds Pur chas ed

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A GLOBAL COM PANY BURLI NGAM E LAS VEGAS AUSTI N BELGRADE TEL AVI V HONG KONG SI NGAPORE STUDI OS 6 PLAYM AKERS 385 W e’ ve bui l t a col l ec t i on of i nt egr a t ed gam e s t udi os .

A FAM I LY OF TOP - RANKED GAM ES W e’ ve deve l oped a por t f ol i o of awar d - wi nni ng gam es . J us t Launched

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A GLOBAL NETW ORK OF AW ARD PARTNERS A di ver s e and expandi ng col l ec t i on of l e i s ur e par t ner s . 21 Out l e t s 26 Out l e t s 18 Out l e t s 126 Out l e t s 54 Out l e t s 11 Out l e t s 14 Out l e t s 8 Out l e t s Bar s / Lounges Di ni ng Hot e l s Cr ui s es Shows / Thea t e r Am us em ent s Re t a i l Ot her 11, 100, 000+ r ewar ds va l ued a t ~ $500 m i l l i on pur chas ed t o da t e .

A VALUABLE & LOYAL AUDI ENCE W e’ ve am as s ed a com pel l i ng com m uni t y of pl ayer s . 55% Fem al e 45% M al e Aver age I ncom e $80K Aver age Age 42 3. 7 M i l l i on M AU M i nut es / Day 56 1. 9 M i l l i on Rewar d Pur chas er s Ses s i ons / Day 3. 5 11. 1 M i l l i on Rewar ds Pur chas ed

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A PROVEN M ODEL The Loya l t y Li f t – Enhanced abi l i t y t o s ca l e , engage , and m one t i ze pl ayer s . Cr ea t i ve Cha l l enge W e have pr oven t a l ent . Di s cover y Cha l l enge W e have c r os s pr om o apps & par t ner s , br and r eput a t i on, a l oya l pl ayer bas e . Deve l opm ent Launch Gr owt h M at ur i t y Cont r ac t i on Sca l e Cha l l enge W e have r ewar ds and addi t i ona l channe l s , i nc l udi ng par t ner pr om os . Engagem ent Cha l l enge W e have oper a t i ng di s c i pl i ne and pr oven Loya l t y m echani cs . Re t ent i on Cha l l enge W e have a col l ec t i on of uni que of f e r i ngs t ha t a l t e r t he end - of - l i f e t r a j ec t or y.

A NEXT - LEVEL OPPORTUNI TY $5. 5 Bi l l i on CASI NO $30. 3 Bi l l i on RPG & STRATEGY $8. 3 Bi l l i on BRAI N & PUZZLE $15. 0 Bi l l i on ARCADE & ACTI ON $12. 4 Bi l l i on ADVENTURE & SI M W e’ r e appl yi ng our pr oven m ode l t o com pl em ent a r y genr es . Cas i no genr e em bodi es t he s i m pl i c i t y and nuance of cas ua l gam es and t he m one t i za t i on s ophi s t i ca t i on of cor e gam es .

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GROW TH STRATEGY Appl y our pr oven f r am ewor k and enhance our com m er c i a l m ode l . OPTI M I ZE . . . Our exi s t i ng f r anchi s es – cont i nue t o r un our cor e pr oduc t s . EXPAND . . . Our por t f ol i o – bui l d, l aunch, and s ca l e new gam es ac r os s ot her genr es . ACQUI RE . . . Gam es & expand our ne t wor k – addi ng pr oven apps and t he i r pl ayer s . DI VERSI FY . . . Our bus i nes s m ode l – f ocus i ng on Ad M onet i za t i on, Pl ayer Com m er ce , and Loya l t y - a s - a - Ser vi ce

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OPTI M I ZE Cont i nue t o gr ow exi s t i ng por t f ol i o. 33 31 36 Q1 2020 Q4 2020 Q1 2021 DPU ( t hous ands ) % YoY ( 8% ) +9% $0. 40 $0. 55 $0. 65 Q1 2020 Q4 2020 Q1 2021 ARPDAU +38% +63% % YoY $58 $64 $74 Q1 2020 Q4 2020 Q1 2021 REVENUE ( $ m i l l i ons ) +13% +27% % YoY Achi eve cont i nued GROW TH by i nnova t i ng and opt i m i z i ng pl ayAW ARDS, l i ve oper a t i ons , of f e r s t r a t egi es and us er acqui s i t i on

EXPAND Ent e r t he Bi ngo Cas ua l Ca t egor y – m yVEGAS Bi ngo Com pet i t i on • Rea l Las Vegas Br anded Bi ngo Room s • Cas i no - Spec i f i c Power ups • Cl ub & Gr oup Soc i a l Bi ngo • Col l ec t i bl es • Vani t y I t em s and Badges • pl ayAW ARDS Loya l t y I nt egr a t i on Key Fea t ur es M ar ke t Oppor t uni t y • YoY Gr owt h – 57% • ‘ 20 Downl oads – 52M • Li m i t ed Cr ea t i ve Di f f e r ent i a t i on 3D St r i p Room Pr ogr es s i on Cas i no - Spec i f i c Power - ups DAU – 900K REV. - $417M DAU - 190K REV. - $57M DAU - 281K REV. - $46M DAU - 133K REV. - $42M pl ayAW ARDS Of f e r i ng • Cr ui s es • Hot e l s & Res or t s • Concer t s & Shows • Res t aur ant s m yVEGAS Bi ngo

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• Am ong t op gr owt h ca t egor i es • M ar ke t – $6. 8B • LTM Gr owt h – 32% • ‘ 20 Downl oads – 317M EXPAND Ent e r t he RPG Cat egor y – Ki ngdom Bos s • AAA W es t e r n Fant as y • Deep Ros t e r of Her oes & Enem i es • Gui l ds & Com pet i t i ons • Nar r a t i ve Cam pai gns wi t h Epi c Ba t t l es • 3D Com bat • Soc i a l End - gam e • Ri ch Repl ay • pl ayAW ARDS Loya l t y I nt egr a t i on Key Fea t ur es M ar ke t Oppor t uni t y Com pet i t i on DAU – 1. 2M REV. – $454M pl ayAW ARDS Of f e r i ng • Am us em ent & Them e Par ks • Spor t s Event s • eSPORTS Event s • Concer t s & Fes t i va l s • Regi ona l At t r ac t i ons I dl e Ki ngdom Upgr adabl e Her oes Ki ngdom Bos s

ACQUI RE I nor gani c Gr owt h - Lever age pl ayAW ARDS t o dr i ve s yner gi es , gr owt h and a t t r ac t i ve ROI C. Net wor k Ef f ec t of Shar ed Loya l t y Per f or m ance Opt i m i za t i on Val ua t i on Ar bi t r age

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RECAP Dem ons t r a t ed r es ul t s a l ong wi t h a c l ea r and ac t i onabl e pl an. $58 $64 $74 Q1 2020 Q4 2020 Q1 2021 33 31 36 Q1 2020 Q4 2020 Q1 2021 $0. 40 $0. 55 $0. 65 Q1 2020 Q4 2020 Q1 2021 DPU ( t hous ands ) ARPDAU REVENUE ( $ m i l l i ons ) % YoY ( 8% ) +9% +38% +63% +13% +27% % YoY % YoY 1Q - 2021 2Q - 2021 2021 I 2022 Launched m yVEGAS Bi ngo Ext ended pl ayAW ARDS Par t ner s hi ps Focus ed on cor e por t f ol i o gam e m om ent um Sca l e Bi ngo and l aunch Ki ngdom Bos s Br oaden com pos i t i on of pl ayAW ARDS benef i t s Advance s t r a t egi c di s cus s i ons and M & A oppor t uni t i es Sca l e new s our ces of r evenue Out s t andi ng Fi nanc i a l Per f or m ance Del i ver i ng on Gr owt h Pl an Key I ni t i a t i ves Under way

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SUM M ARY Cl ear and ac t i onabl e pl an t o achi eve bus i nes s r es ul t s . Loya l t y Li f t 10% M ar ke t Gr owt h Net wor k Cr os s - M ar ke t i ng Bi ngo Ca t egor y 300K DAU $0. 40 ARPDAU I dl e RPG Cat egor y 375K DAU $0. 50 ARPDAU $270M $435M 2020E Revenue 2022E Bas e For ecas t M & A New Gam e Genr es Pl ayer Net wor ks $45M $45M $60M EXPAND OPTI M I ZE Ot her Ad M onet i za t i on Pl ayer Com m er ce $15M ACQUI RE I DI VERSI FY m yVI P New Genr es LAAS M & A LAAS Loya l t y - a s - a - Ser vi ce

FI NANCI AL OVERVI EW Sus t a i ned and pr oj ec t ed t op and bot t om - l i ne gr owt h. For ecas t ed M ar gi n 2025 30% +

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Or i gi na t ed Cont ent Gam bl i ng I P Gr oup Pl ay I Soc i a l 'Ot her ’ Cas i no RPG POP! s l ot s m yVEGAS m obi l e m yVEGAS web m yKONAM I s l ot s M ar ke t pl ace pl ayAW ARDS Rewar ds Par t ner s Cons um er s Gam e Deve l oper s Bi ngo m yVEGAS bl ackj ack m yVEGAS bi ngo Ki ngdom Bos s SUM M ARY Ever gr een Fr anchi s es Devot ed Pl ayer s One - of - a - Ki nd Loya l t y Pr opos i t i on Gr owt h Pot ent i a l Uni que and Com pel l i ng Loya l t y Pl a t f or m and Gam e Por t f ol i o

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APPENDI X

M 50 M 100 M 150 M 200 M 250 M 300 M 350 M 400 M 450 M 500 M 2017 2018 2019 2020 2021 2022 13% 22% 33% 21% 22% REVENUE Revenue Sus t a i ned and pr oj ec t ed r evenue gr owt h.

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2020 - 2022 AEBI TDA and M ar gi ns I m pac t ed by ext r aor di nar y deve l opm ent and Us er Acqui s i t i on expens es r e l a t ed t o new gam e l aunches . AEBI TDA Pr oven pr of i t abi l i t y wi t h c l ea r pa t h t o m ar gi n gr owt h. 0. 0% 5. 0% 10. 0% 15. 0% 20. 0% 25. 0% $ M $10 M $20 M $30 M $40 M $50 M $60 M $70 M $80 M $90 M $100 M 2017 2018 2019 2020 2021 2022 AEBI TDA M ar gi n Nor m al i zed Nor m al i zed For ecas t ed M ar gi n 2025 30% +

AEBI TDA M ARGI N 21% 25% 30% 36% 35% 32% 32% 25% LTM EBI TDA M ar gi n % as of Sept em ber 30, 2020 1 M edi an: 32% ( Exc l . PLAYSTUDI OS) Pl ayt i ka 4 2, 3 2025E For ecas t ed 2 2 2, 5 PLAYSTUDI OS PLAYSTUDI OS Doubl e Down I nt e r ac t i ve Ar i s t ocr a t Sc i Pl ay Zynga 2022E For ecas t PLAYSTUDI OS 2023E For ecas t Fut ur e Tar ge t I n Li ne wi t h Our Peer s For ecas t ed M ar gi n 2025 30% +

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27% 19% 15% 9% 5% Pl aySt udi os Zynga Gam i ng Peer s Avg. Pl ayt i ka Sc i Pl ay 35% 20% 16% 6% 4% Pl aySt udi os Zynga Gam i ng Peer s Avg. Pl ayt i ka Sc i Pl ay COM PELLI NG GROW TH Power f ul gr owt h t r a j ec t or y 2020 – 2022E Revenue CAGR 2020 – 2022E AEBI TDA CAGR 1 2

2. 2x 2. 0x 1. 2x 0. 8x 0. 3x Sc i Pl ay Pl ayt i ka Gam i ng Peer s Avg. Zynga Pl aySt udi os 16. 6x 14. 9x 12. 2x 10. 5x 9. 6x Zynga Gam i ng Peer s Avg. Pl ayt i ka Pl aySt udi os Sc i Pl ay 4. 6x 4. 5x 4. 1x 3. 1x 2. 5x Pl ayt i ka Gam i ng Peer s Avg. Zynga Sc i Pl ay Pl aySt udi os COM PELLI NG VALUATI ON PLAYSTUDI OS m ul t i pl es I m pl i ed bas ed on EV of $1, 102M EV/ 2022E Revenue EV/ 2022E AEBI TDA EV/ 2022E AEBI TDA ( Gr owt h Adj us t ed) 1 1 2 1

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