Tag Archives: nyx gaming

Jeff Cleminson leaves SG Digital to join Optimove

Cleminson

Jeff Cleminson, a long-term senior director at SG Digital, has been confirmed as the new Director of Client Management at Optimove. The hire, said Optimove, is “indicative of its strategic investment in existing clients as a key growth engine for the business”. In his new role, Cleminson will oversee all commercial relationships with Optimove’s gaming customers in Europe, Latin America …

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Investment firms reportedly circling Scientific Games’ lottery unit

Two international investment firms are reportedly interested in acquiring Scientific Games Corporation’s (SGC) lottery divisions, according to Bloomberg. Citing ‘people familiar with the matter’, the outlet reported that Brookfield Asset Management Inc.’s private equity arm and Apollo Global Management Inc are interested in purchasing the Nasdaq-registered igaming provider’s lottery unit. SGC disclosed that it would pursue a ‘strategic divestment’ of …

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Hollywood giant Endeavor joins US wagering ranks acquiring Openbet for $1.2bn

Scientific Games Corporation has confirmed that its Openbet subsidiary will be sold to Hollywood based sports and entertainment group Endeavor Holdings for a total consideration of $1.2 billion (€1.05bn). Reaching definitive terms, Endeavor – the investment fund of US entertainment moguls Ariel Emanuel (CEO) and Patrick Whitesell (Chairman) – will pay $1 billion cash and $200 million in Endeavor NYSE …

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Perelman fund reviews majority shareholding in Scientific Games

MacAndrews & Forbes, the investment fund of American billionaire Ronald Perelman, has filed an SEC note informing that it is exploring a full divestment of its shareholding in Scientific Games Corporation (SGC).  The wholly-owned fund of finance tycoon Perelman has placed its 39% shareholding in SGC under review, but underlined that it has yet to determine a future outcome for …

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Scientific Games pursues further $1 billion debt note

Issuing a market update, Nasdaq-listed industry technology group Scientific Games Corporation (SGC) has announced that it will move to offer (subject to market conditions) $1.1 billion in senior unsecured debt notes. SGC’s latest debt transaction will be offered to private investors through wholly owned subsidiary Scientific Games International, with the technology group detailing that the unsecured debt notes will be …

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Scientific Games absorbs Q1 restructuring costs for Digital future

Further to announcing its corporate leadership change, Scientific Games Corporation (SGC) has today published its Q1 2018 trading update (period ending 31 March), detailing a number of financial restructuring adjustments. The Nasdaq-listed technology group reported a 12% increase in group revenues to $811 million (Q1 2017: $725 million), supported by revenue growth recorded across its core divisions – SG Gaming …

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New Chapter… Scientific Games promotes Barry Cottle to Group Chief Executive

Updating the market, Nasdaq-listed industry technology supplier Scientific Games Corporation (SGC) has confirmed the appointment of Barry Cottle as new President & Group CEO. Cottle is expected to take full leadership of SGC group operations on 1 June, replacing incumbent Kevin Sheehan, who will remain as a corporate senior advisor. A seasoned technology and entertainment executive Cottle has led SGC’s …

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Scientific Games posts solid 2017 performance, as company targets digital acceleration in 2018

A refinanced Scientific Games Corporation (SGC) has published its 2017 full-year results (period ending 31 December), detailing solid growth across its assets and performance KPIs. The Nasdaq-listed industry technology group details that in 2017, it was able to strengthen its global commercial pipeline, developing a ‘richer revenue mix’ for its operations. Updating investors, SGC details that group revenues increased 7% …

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Scientific Games sanctions $1 billion debt sale

The governance of Nasdaq-listed gambling technology group Scientific Games Corporation (SGC) has moved to restructure its long-term corporate debt, confirming that it will sell + $1 billion of SGC debt notes to private investors. Sanctioning a ‘private sale’, SGC governance will place a first tranche sale of $500 million of 5% senior debt secured notes, due for payment in 2025. …

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Scientific Games narrows losses as company enters crucial 2018

Issuing a market update, Nasdaq-listed industry technology provider Scientific Games Corporation (SGC) has detailed that it expects to deliver higher group revenues, combined with a narrower net loss for its Q4 2017 performance. Publishing a ‘preliminary’ Q4 trading update, SGC governance expects a 9% increase in group consolidated revenues in the range of approximately $820-to-$825 million. Closing a busy Q4 …

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