Tag Archives: bally technologies

Scientific Games reviews ASX options to trim debt 

Scientific Games Corporation (SGC) is reportedly reviewing strategic options to list its business on the Australian Securities Exchange (ASX).  The Australian Financial Review (AFR) has reported that SGC has recruited Sydney-based investment bank Jarden Australia to draft the company’s pathway towards listing on the ASX. An ASX-listing is detailed as one option to address SGC’s long-term debt reduction, which currently …

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Scientific Games surprises industry by announcing Kevin Sheehan as new CEO

In a move that has surprised industry analysts, Nasdaq-listed Scientific Games Corporation (SGC) has announced the appointment of Kevin Sheehan as its new Chief Executive, as incumbent Gavin Isaacs moves to the governance position of Vice Chairman of the Board. Announcing the appointments this weekend, SGC confirmed to the media that Sheehan and Isaacs had already assumed their new governance …

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Bally acquisition impacts Scientific Games 2014 performance

The $5.1 billion acquisition of slot manufacturer Bally Technologies has had a direct impact on the Q4 performance of Scientific Games. As the operator posted increased group revenues of $565 million (Q4 2014 – $401 million), but a period net loss of $47.1 million. Scientific Games high level acquisition of Bally Technologies, impacted full year 2014 performance as the company …

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Scientific Games agrees $5.1bn Bally deal

Scientific Games Corporation is to by Bally Technologies in a deal worth US$5.1bn. “The acquisition of Bally provides us with a unique opportunity to combine two exceptional companies with long track records of creating leading-edge games and gaming technology products for players and delivering innovative solutions to our customers,” said Gavin Isaacs, Scientific Games’ President and Chief Executive Officer. “With …

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Bally completes $100m acquisition of social casino operator

Bally Technologies, Inc, a leader in gaming machines, table-game products, casino-management systems, has completed the acquisition of  online social casino company Dragonplay Ltd for $100m. Launched in 2010, Dragonplay ranks among the 10 top-grossing game developers in the social casino genre with approximately 700,000 daily active users and nearly three million monthly active users across all platforms. Total consideration includes …

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