Tag Archives: Scientific Games Corporation

Norsk Tipping boosted funding for Grasrotandelen initiative during 2019

Norwegian state-run operator Norsk Tipping has revealed that during 2019, it had allocated almost NOK700m (£60.2m) towards grassroots sporting initiatives as part of its Grasrotandelen initiative. The operator distributed a total of NOK698.2m last year, marking a 7.6% increase on the NOK649m handed out in 2018. Norsk Tipping revealed that via the Grasrotandelen project, over 35,000 grassroots initiatives secured funding …

Read More »

Scientific Games agrees to supply VLTs through Norsk Tipping deal

Via its Global Draw Ltd subsidiary, industry technology group Scientific Games Corporation (SGC) has secured a ‘landmark’ partnership with Norsk Tipping. The new agreement will see SGC supply 3,000-4,500 Video Lottery Terminals (VLT) across approximately 1,000 locations across Norway, which will include convenience stores, bingo venues and other arenas. Thorbjørn A Unneberg, EVP Market Operations Norsk Tipping, commented: “Having worked …

Read More »

Former Scientific Games CEO David L Kennedy resigns from board

Issuing a corporate filing, Nasdaq-listed Scientific Games Corporation (SGC) has confirmed that former Group Chief Executive David L Kennedy has chosen to resign from the firm’s board of corporate governance. Updating stakeholders, SGC informs that Kennedy will end his 10-year executive tenure on 31 December 2019, after choosing to retire from all corporate activities. Kennedy had formerly served as Group …

Read More »

Scientific Games completes $1.2 billion debt-note transaction

Issuing a corporate filing, Nasdaq-listed technology group Scientific Games Corporation (SGC) has confirmed that its wholly-owned subsidiary unit ‘Scientific Games International Inc’ has completed its private debt-offering of $1.2 billion sanctioned at the start of November. A breakdown of the transaction sees Scientific Games debt-note comprised of two tranches set at $700 million of senior unsecured notes due for 2028, and $500 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »