Tag Archives: Scientific Games Corporation

Scientific Games rebrands to ‘Light & Wonder’ following 2021 transformation

SBC News Scientific Games rebrands to ‘Light & Wonder’ following 2021 transformation

Scientific Games Corporation (SGC) has confirmed that it will rebrand its business identity to ‘Light & Wonder’ – to reflect its transformation into a ‘cross-platform’ games supplier for the global gambling sector.  The rebrand was announced as the headline of Scientific Games declaring its full-year 2021 results, in which the Nasdaq gambling technology group achieved a 27% increase in consolidated …

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OpenBet hires new CTO and Compliance VP ahead of Endeavor makeover

SBC News OpenBet hires new CTO and Compliance VP ahead of Endeavor makeover

OpenBet has moved to strengthen its executive leadership ranks ahead of major imminent changes for the leading tier-1 sports betting technology and platform supplier.  Tech figurehead Florian Diederichsen has joined OpenBet as new CTO, charged with evolving OpenBet’s modular sports betting platform and accelerating the firm’s next cycle of betting innovations. Diederichsen is the former CTO of DAZN, who oversaw …

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Flutter to continue leveraging OpenBet for Sportsbet brand

Sports betting games provider ParlayBay has formed an alliance with GRID Esports as it looks to power its next-generation gaming experience.

Flutter Entertainment has signed a four-year contract renewal with OpenBet, continuing to leverage the company’s services for its Australian Sportsbet subsidiary.  Under the terms of the agreement, Sportsbet will utilise OpenBet’s technology and services with the aim of delivering ‘best-in-class sports betting entertainment’ to new and existing customers until 2025. Sportsbet has reported ‘record volumes’ in the Australian sports betting …

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Scientific Games orders SciPlay buyback 

SBC News Scientific Games orders SciPlay buyback 

The board of Scientific Games Corporation has disclosed its intentions to acquire the remaining 19% equity interest in casual games subsidiary SciPlay.  The transaction has been ordered to advance Scientific Games planned strategic overhaul, which will see the Nasdaq gambling technology group operate a solely focused casino games developer and content supplier.  SciPlay had been independently listed on Nasdaq in …

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Scientific Games posts stable Q1 opening to overcome Gaming unit headwinds

SBC News Scientific Games posts stable Q1 opening to overcome Gaming unit headwinds

Scientific Games Corporation (SGC) has reported a stable corporate trading and performance in the first quarter of 2021 as COVID-19 pandemic headwinds continue to impact its business lines. Publishing its Q1 trading update, SGC registered a 1% increase in group revenues to $729 million (Q12020: $725m) in line with Nasdaq firm’s trading objectives.  The group’s SciPlay brand and Lottery division …

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SciPlay, Digital and Lottery sectors start COVID recovery for SG

SBC News 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 appoints Jim Bombassei as investor relations VP 

Victor Blanco to join Scientific Games as new CTO

Scientific Games Corporation has confirmed the appointment of Jim Bombassei as its new Senior Vice President of Investor Relations.  The Nasdaq gambling technology group confirmed that Bombassei will serve as dual investor relations lead for its separately listed Scientific Games (SGMS) and SciPlay (SCPL) ventures. Bombassei joins Scientific Games executive leadership team from US media and entertainment conglomerate Viacom, where …

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Distribution fallout sees IGT and Scientific Games cancel LOTEX Brazil contract 

SBC News Distribution fallout sees IGT and Scientific Games cancel LOTEX Brazil contract 

IGT Plc and Scientific Games Corporation (SGC) have published a joint statement confirming that they have withdrawn their consortium to operate Brazil’s exclusive LOTEX instant lottery concession.  The lottery technology groups cited that they have been unable to form a ‘crucial distribution arrangement with CAIXA Federal’, Brazil’s state-owned bank and the incumbent retail distributor of lottery products across the country.    …

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Perelman fund reviews majority shareholding in Scientific Games

SBC News 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 confirms Michael Eklund as inbound Group CFO 

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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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