Tag Archives: Barry Cottle

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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Victor Blanco to join Scientific Games as new CTO

Victor Blanco to join Scientific Games as new CTO

The board of Scientific Games Corporation (SGC) has confirmed that Victor Blanco will join the Nasdaq technology group as Chief Technology Officer in 2022. In his forthcoming role, Blanco will take responsibility for Scientific Games’ technology strategy across gaming, lottery, sports betting, and igaming, as well as support the development and execution of its range of games.  “Scientific Games has …

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SciPlay, Digital and Lottery sectors start COVID recovery for SG

Scientific Games (SG) has reported improved year-end group trading against continued COVID-19 headwinds, impacting the performance of its global commercial pipeline.    The Nasdaq gambling technology group has reported consolidated revenues of US$762 million during Q4 2020 – down 11.7% year-on-year but 8.4% higher than revenue of US$698 million recorded during Q3 trading. A breakdown of business units sees SciPlay, Digital …

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Scientific Games records $111m loss as pandemic freezes casino supply chain

The reduced supply by casino operators across the world as a result of the global pandemic has dampened Scientific Games’ (SG) performance during Q3 revenues fell to $698 million, an 18.3% decline on the $855 million reported in Q3 2019. The majority of the disruptions were felt by the company’s gaming division, which SG stated had affected comparability to the …

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Scientific Games protects executive team as Perelman mulls selling majority stake

Scientific Games Corporation (SGC) has adopted new controls to protect the firm’s leadership structures should majority investor Ronald Perelman move to fully divest his shareholding in the Nasdaq-listed gambling technology group. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Issuing a SEC filing, SGC governance revealed that it had updated its …

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Scientific Games records $198m loss as COVID swamps casino and lottery performance

Scientific Games Corporation (SGC) has published its Q2 trading statement, underlining that COVID-19 has impacted all core business channels, as the company recorded a net operating loss of $198 million. As previously communicated to markets, the Nasdaq technology group stated that pandemic disruptions have ‘affected comparability to previous trading periods’, as group Q2 revenues dropped from $845 million in Q2 …

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Scientific Games expands SGI debt placement to $550m 

Scientific Games Corporation (SGC) has confirmed that it will upsize its previously announced senior unsecured debt note placement from $350 million to $550 million.  The debt placement will be carried by SGC’s global operating unit Scientific Games International (SGI), priced at $550 million with an applied principal aggregate of 8.6% due for repayment in 2025. Net proceeds secured from the …

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Scientific Games confirms Michael Eklund as inbound Group CFO 

Stephenson

Scientific Games Corporation (SGC) has confirmed the inbound appointment of Michael Eklund as Group Chief Financial Officer (CFO). Eklund will join SGC’s executive leadership team on 1 June, taking control of the Nasdaq technology group’s financial planning, auditing and capitalisation structures. The appointment sees SGC secure a leading CFO for large scale technology enterprises, with Eklund having previously led diverse …

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Scientific Games backs tough measures eyeing fast COVID-19 comeback

Scientific Games (SGC) has booked a net loss of $155 million as part of its Q1 2020 trading update, citing that COVID-19 disruptions have impacted all business channels.  Operating in unprecedented times, SGC has witnessed its land-based casino customers temporarily close their venues across all jurisdictions. Meanwhile, further COVID-19 disruptions have impacted the Nasdaq technology group’s commercial pipeline for SGC …

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Scientific Games appoints Rich Schneider as group product strategy lead

Nasdaq gambling technology supplier Scientific Games Corporation (SGC) has confirmed the appointment of Rich Schneider as Group Chief Product Officer (CPO). A key new hire for SGC, Schneider has joined the executive team from Australia ASX competitor Aristocrat, where he served as CPO leading creative studios, hardware and product development. Updating investors, SGC governance details that it has secured an ‘industry …

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