Tag Archives: Barry Cottle

Scientific Games leadership commits to salary cut to navigate COVID-19 headwinds

Barry Cottle, President and Group CEO of Scientific Games Corporation (SGC), has this morning issued a personal statement on the firm’s contingency planning and workforce actions to counter global COVID-19 impacts. Cottle has confirmed that SGC will implement a series of cost-savings measures seeking to secure long-term company jobs as it reduces workforce hours.  Drastic actions have seen the firm’s …

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Scientific Games maintains improved results despite costly 2019 closing

Publishing its Q4 2019 results, Nasdaq-listed gambling and lottery technology group Scientific Games Corporation (SGC) has recorded period net losses of $37 million (Q42018: $207m). In its trading statement, SGC noted that during the period company accounts recorded a $40 million loss on debt transactions related to corporate bonds and a ‘$12 million remeasurement’ of its Euro-denominated debt. SGC Q4 2019 …

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Scientific Games adds three new employees to its leadership team

Scientific Games has strengthened its leadership team by announcing three new additions to the company.  Matt Wilson will join the company as Executive Vice President and Group Chief Executive in March, while Siobhan Lane will assume the position of Chief Commercial Officer next month. Connie James has assumed the role of Chief Financial Officer, having started on the 6th of …

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Strong Q3 trading sees Scientific Games return to black

Scientific Games Corporation (SGC) has reported that growth across all core business segments – including its sports betting vertical (SG digital division) but with the exception of gaming operations (sequential loss of $1m) – is growing on “both the top and bottom line”, which CEO Barry Cottle said puts the company on a “path to 5.5x net debt leverage by …

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Debt-focused Scientific Games posts strong 2019 opening

Publishing its Q1 2019 trading statement (period ending 31 March), Nasdaq-listed Scientific Games Corporation (SGC), details confidence in its corporate prospects as governance moves to reduce company debt. Q1 2019 revenues rose by 3% to $837 million (Q12018: $812m), driven by the growth of SGC’s social (+22%) and lotteries (+5%) divisions. SGC maintains its positive revenue momentum, despite the company …

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Scientific Games hires Steven Stamstad as global marketing lead

Issuing a market update, Nasdaq-listed Scientific Games Corporation (SGC) has confirmed the appointment of Steven Stamstad as Senior Vice President of Marketing & Communications. Updating investors, SGC governance details that it has hired a ‘25-year global marketing expert’, tasked with elevating the SGC brand proposition, messaging and engagement with corporate stakeholders. A seasoned marketing executive with a proven track record …

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Barry Cottle – SGC significantly advances its Euro profile with IDDAA Turkey win

As anticipated Nasdaq gambling technology group Scientific Games Corporation (SGC) has announced a major supplier win, confirming that it will takeover the management of the Turkish IDDAA sports betting concession, in partnership with Turkish media conglomerate Demirören Holdings. Servicing 5,300 Turkish retail betting points, SGC and Demirören have established new joint-venture ‘Şans Girişim’, the company which will operate the ten-year …

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Scientific Games 2018 accounts disrupted by Shuffle Tech settlement

Nasdaq-listed industry technology group Scientific Games Corporation (SGC) has detailed strong progress on its enlarged business capacity and new digital profile publishing its full-year 2018 results. Closing Q4 2018 trading, SGC posts an 8% increase in corporate revenues to $885 million (Q4 2017: $823m), detailing robust growth across its digital, lottery and social gaming assets. The Nasdaq enterprise records Q4 metric …

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Critical 2019 sees Scientific Games restructure lottery & digital leadership

Targeting aggressive expansion in 2019, the governance of Nasdaq-listed industry technology group Scientific Games Corporation (SGC) has moved to restructure its executive leadership teams. Issuing a market update, SGC confirms three executive promotions impacting its SG Lottery and Digital divisions. Entering 2019, SG Lottery unit will be led by Patrick McHugh, current Senior Vice President of Global Lottery Systems, who …

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SGC completes Don Best acquisition bolstering SG Digital’s US sportsbook operations

Nasdaq-listed gambling technology and systems provider Scientific Games Corporation (SGC) has confirmed that it has completed its acquisition of US-centric sports betting data provider Don Best. A transaction first announced on 9 October, SGC moves to significantly strengthen its US sports betting capabilities serviced by its SG Digital division. Don Best assets and operating capabilities have been acquired to bolster SG …

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