Tag Archives: Scientific Games Corporation

Scientific Games pursues new $1.2 billion debt note placement

Nasdaq-listed industry technology group Scientific Games Corporation (SGC) has confirmed that subsidiary Scientific Games International intends to pursue a private bond placement targeting $1,200m in aggregate principal amount of senior unsecured notes due 2028 and senior unsecured notes due 2029 in a private offering. In the announcement, made today, the firm said it intends to use the net proceeds of the notes offering, together …

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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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North American operators land SBC Awards shortlist spots

SBC Awards US Nominees

FanDuel Group and The Stars Group lead the North American charge at the SBC Awards 2019 with places on the shortlists of the headline operator categories.  The SBC Awards, which take place in the stunning setting of Battersea Evolution in Central London on Tuesday 3 December 2019, were established to recognise excellence in the sports betting and igaming sectors around …

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Power Up! SG Digital launches OpenGaming end-to-end ecosystem

SG Digital has unveiled its new ‘OpenGaming’ end-to-end digital ecosystem, seeking to deliver industry incumbents with the most flexible, content-rich and robust gaming engine. Adding OpenGaming to its operator systems portfolio, SG Digital details that it has developed the industry’s most sophisticated content aggregation technology, which will provide clients with a new wave of immersive gaming experiences supplied through one …

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Scientific Games hires Jamie Odell as senior advisor

Scientific Games Corporation has strengthened its leadership team after appointing former Aristocrat Leisure CEO Jamie Odell as the group’s new special advisor to the chairman and CEO. Odell joins the company after an 8 year tenure at Aristocrat, where he oversaw the company’s market capitalisation, growing Aristocrat from a $1.3bn company up to a company valued at approximately $7.5bn. As …

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Scientific Games commits to All-in Diversity standards

Industry workplace diversity, inclusion and equality program ‘The All-in Diversity Project’ (AIDP) has announced a major coup as Nasdaq gambling technology group Scientific Games Corporation (SGC) commits to its workplace standards, projects and practices. Updating the market, SGC details that it will collaborate with existing AIDP partners to ‘determine diversity, equity and inclusion expectations and standards for the gaming industry’. “Gaming …

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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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SG Digital to help Oneida ride the New York sports betting wave

SG Digital will power the Oneida Indian Nation’s three new sportsbooks in New York when sports wagering is officially authorized in the state. SBC caught up with Todd Saunders, Vice-President for Innovation at Oneida Nation Enterprises, and Steve Schrier, Chief Commercial Officer at SG Digital, to find out more… SBC: Great to catch up with you, Todd. First of all, …

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Scientific Games marks new sportsbook era launching OpenSports suite

Nasdaq-listed gambling technology group Scientific Games Corporation (SGC) has detailed a new dawn for its SG Digital division, launching new vertical ‘OpenSports’ – an ‘unparalleled suite’ which will maintain its entire sports betting product inventory. Updating the market, SGC states that the launch of OpenSports marks ‘the transformation of its Sportsbook product vision’, delivering an enhanced stack of solutions and …

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Scientific Games fulfils $1 billion 2026 debt note financing

The governance of Nasdaq-listed gambling technology group Scientific Games Corporation (SGC) has confirmed that it has completed its $1.1 billion private note offering, first announced on 6 March 2019. The transaction is aggregate to 8.25% of SGC senior unsecured debt-notes, due for repayment in 2026 at an issue price of 100%. SGC governance intends to use the debt proceeds to …

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