PLAYSTUDIOS Plans To Cease Operations Of Sweepstakes Product; Expects To Record Pre-Tax Impairment Charge In Range Of $3M - $3.5M During Q3

PLAYSTUDIOS announced plans to cease operations of its sweepstakes product, which is expected to result in a pre-tax impairment charge between $3 million and $3.5 million during the third quarter. This decision reflects a strategic shift within the company as it reassesses its product offerings.