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On September 18, 2026, PlayStudios, Inc. announced the cessation of operations for its sweepstakes product, The Win…
MYPSPLAYSTUDIOS, Inc.
On September 18, 2026, PlayStudios, Inc. announced the cessation of operations for its sweepstakes product, The Win Zone, citing it as an impairment indicator during the third quarter of 2026. Consequently, the company determined that the carrying value of related assets was not recoverable and recognized a pre-tax impairment charge ranging from $3.0 million to $3.5 million under GAAP standards for internal-use software capitalization. Management expects to finalize these charges and assess potential income tax impacts upon filing its Form 10-Q for the period ending September 30, 2026. PlayStudios operates in the gaming industry, developing social casino games and sweepstakes platforms.