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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

Filed by Acies Acquisition Corp. Pursuant to Rule 425

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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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