Exhibit 5.1

	355 South Grand Avenue, Suite 100
	Los Angeles, California 90071-1560
	Tel: +1.213.485.1234 Fax: +1.213.891.8763
	www.lw.com
	FIRM / AFFILIATE OFFICES
	Beijing	Moscow
	Boston	Munich
	Brussels	New York
	Century City	Orange County
	Chicago	Paris
March 26, 2021	Dubai	Riyadh
	Düsseldorf	San Diego
	Frankfurt	San Francisco
	Hamburg	Seoul
	Hong Kong	Shanghai
	Houston	Silicon Valley
	London	Singapore
Acies Acquisition Corp.	Los Angeles	Tokyo
1219 Morningside Drive, Suite 110	Madrid	Washington, D.C.
Manhattan Beach, CA 90266	Milan

Re: Acies Acquisition Corp. Registration Statement on Form S-4

Ladies and Gentlemen:

We have acted as special United States counsel to Acies Acquisiton Corp., a Cayman Islands exempted company (the “Company”), in connection with a registration statement on Form S–4 under the Securities Act of 1933, as amended (the “Act”), initially filed by the Company with the Securities and Exchange Commission (the “Commission”) on February 16, 2021 (Registration No. 333–253135) (as amended, the “Registration Statement”), relating to, among other things (i) the merger of Catalyst Merger Sub I, Inc., a Delaware corporation and direct wholly owned subsidiary of the Company with and into PLAYSTUDIOS, Inc., a Delaware corporation (“PLAYSTUDIOS”), with PLAYSTUDIOS surviving as a wholly owned subsidiary of the Company, and immediately thereafter, and as part of an integrated transaction, the merger of PLAYSTUDIOS with and into Catalyst Merger Sub II, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of the Company, with Catalyst Merger Sub II, LLC being the surviving entity (the “Mergers”), pursuant to the terms of the Agreement and Plan of Merger, dated as of February 1, 2021, by and among the Company, Catalyst Merger Sub I, Inc., Catalyst Merger Sub II, LLC, and PLAYSTUDIOS (the “Merger Agreement”), and (ii) as a condition to the effectiveness of the Mergers, the proposal of the Company to change its jurisdiction of incorporation by deregistering as an exempted company in the Cayman Islands and domesticating as a Delaware corporation pursuant to Section 388 of the Delaware General Corporation Law (the “Domestication”), subject to the approval thereof by the shareholders of the Company.

Prior to and as a condition of the Mergers, in connection with the Domestication, the Company will change its jurisdiction of incorporation by effecting a deregistration under the Companies Act (As Revised) of the Cayman Islands and a domestication under Section 388 of the General Corporation Law of the State of Delaware (the “DGCL”) and, in connection therewith, the Company will file the Certificate of Domestication (as defined below) simultaneously with the Certificate of Incorporation (as defined below), in each case, in respect of the Company with the Secretary of State of the State of Delaware (the “Delaware Secretary of State”).

Following effectiveness of the Domestication, the Company will change its name to PLAYSTUDIOS, Inc. (“New PLAYSTUDIOS”). Upon the Certificate of Domestication and the Certificate of Incorporation becoming effective under Section 103 of the DGCL (the “Effective Time”), among other things, pursuant to the Plan of Domestication (as defined below): (1) each of the then issued and outstanding Class A ordinary shares, par value $0.0001 per share (the “Class A ordinary shares”), of the Company will convert automatically, on a one-for-one basis, into shares of common stock, par value $0.0001 per share, of New PLAYSTUDIOS (“New PLAYSTUDIOS Class A common stock”); (2) each of the then issued and outstanding Class B ordinary shares, par value $0.0001 per share, of the Company (the “Class B ordinary shares”), after giving effect to the forfeiture of certain Class B ordinary shares held by Acies Acquisition LLC, a Delaware limited liability company (the “Sponsor”) pursuant to the Sponsor Support Agreement, dated as of February 1, 2021 by and among the Sponsor, the Company and PLAYSTUDIOS (the “Sponsor Support Agreement”), will convert automatically, on a one-for-one basis, into a share of New PLAYSTUDIOS Class A common stock; (3) each then issued and outstanding redeemable warrant of the Company (the “warrants”), after giving effect to the forfeiture of certain warrants held by the Sponsor pursuant to the Sponsor Support Agreement, will convert automatically, on a one-for- one basis, into a warrant to acquire one share of New PLAYSTUDIOS Class A common stock (the “New PLAYSTUDIOS warrants”); and (4) each of the then issued and outstanding units of the Company that have not been previously separated into the underlying Class A ordinary shares and one-third of a warrant upon the request of the holder thereof (the “Company units”) will be cancelled and will entitle the holder thereof to one share of New PLAYSTUDIOS Class A common stock and one-third of a New PLAYSTUDIOS warrant.

As a result of and upon the closing of the Mergers (the “Closing”), among other things, all outstanding shares of PLAYSTUDIOS common stock and PLAYSTUDIOS preferred stock as of immediately prior to the effective time of the Mergers, and, together with shares of PLAYSTUDIOS common stock reserved in respect of options to purchase of PLAYSTUDIOS common stock outstanding as of immediately prior to the Closing that will be converted into stock options to purchase New PLAYSTUDIOS common stock, will be cancelled in exchange for the right to receive, or the reservation of, shares of New PLAYSTUDIOS Class A common stock or shares of New PLAYSTUDIOS Class B common stock, par value $0.0001 per share (“New PLAYSTUDIOS Class B common stock”) (collectively, the “New PLAYSTUDIOS Merger Shares”).

This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any other matter pertaining to the contents of the Registration Statement or the related proxy statement/ prospectus, other than as expressly stated herein.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware (the “DGCL”) and the internal laws of the State of New York, and we express no opinion with respect to any other laws.

In rendering the opinions stated herein, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter, except where a specified fact confirmation procedure is stated to have been performed (in which case we have with your consent performed the stated procedure). We have examined, among other things, the following:

Except as otherwise stated herein, as to factual matters we have, with your consent, relied upon the foregoing and upon oral and written statements and representations of officers and other representatives of the Company and others and of public officials. We have not independently verified such factual matters.

As used herein, “Transaction Documents” means the Merger Agreement, the Plan of Domestication, the Warrant Certificate and the Warrant Agreement.

Except as otherwise stated herein, our opinions herein are based upon our consideration of only those statutes, rules and regulations which, in our experience, are normally applicable to registered public offerings of common stock. The opinions stated in paragraphs 1 through 3 below presume that:

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof:

Our opinions set forth above are subject to: (i) the effect of bankruptcy, insolvency, reorganization, preference, fraudulent transfer, moratorium or other similar laws relating to or affecting the rights and remedies of creditors; (ii) the effect of general principles of equity, whether considered in a proceeding in equity or at law (including the possible unavailability of specific performance or injunctive relief), concepts of materiality, reasonableness, good faith and fair dealing, and the discretion of the court before which a proceeding is brought; (iii) the invalidity under certain circumstances under law or court decisions of provisions providing for the indemnification of or contribution to a party with respect to a liability where such indemnification or contribution is contrary to public policy; and (iv) we express no opinion as to (a) any provision for liquidated damages, default interest, late charges, monetary penalties, make-whole premiums or other economic remedies to the extent such provisions are deemed to constitute a penalty, (b) consents to, or restrictions upon, governing law, jurisdiction, venue, arbitration, remedies, or judicial relief, (c) waivers of rights or defenses, (d) any provision requiring the payment of attorneys’ fees, where such payment is contrary to law or public policy, (e) the creation, validity, attachment, perfection, or priority of any lien or security interest, (f) advance waivers of claims, defenses, rights granted by law, or notice, opportunity for hearing, evidentiary requirements, statutes of limitation, trial by jury or at law, or other procedural rights, (g) waivers of broadly or vaguely stated rights, (h) provisions for exclusivity, election or cumulation of rights or remedies, (i) provisions authorizing or validating conclusive or discretionary determinations, (j) grants of setoff rights, (k) proxies, powers and trusts, (l) provisions prohibiting, restricting, or requiring consent to assignment or transfer of any right or property, (m) any laws or regulations applicable to the subject transactions because of the legal or regulatory status of any parties to the Transaction Agreements or the legal or regulatory status of any of their affiliates, and (o) the severability, if invalid, of provisions to the foregoing effect.

With your consent, we have assumed (a) that the New PLAYSTUDIOS warrants and the Warrant Agreement have been or will be duly authorized, executed and delivered by the parties thereto other than New PLAYSTUDIOS, (b) that such securities constitute or will constitute legally valid and binding obligations of the parties thereto other than New PLAYSTUDIOS, enforceable against each of them in accordance with their respective terms and (c) that the status of the New PLAYSTUDIOS warrants as legally valid and binding obligations of the parties will not be affected by any (i) breaches of, or defaults under, agreements or instruments, (ii) violations of statutes, rules, regulations or court or governmental orders or (iii) failures to obtain required consents, approvals or authorizations from, or to make required registrations, declarations or filings with, governmental authorities.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement and to the reference to our firm in the Registration Statement under the heading “Legal Matters.” In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.