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 …
Read More »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 …
Read More »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, …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Barry Cottle – SGC significantly advances its Euro profile with IDDAA Turkey win
As anticipated Nasdaq gambling technology group Scientific Games Corporation (SGC) has announced a major supplier win, confirming that it will takeover the management of the Turkish IDDAA sports betting concession, in partnership with Turkish media conglomerate Demirören Holdings. Servicing 5,300 Turkish retail betting points, SGC and Demirören have established new joint-venture ‘Şans Girişim’, the company which will operate the ten-year …
Read More »SG Digital adds ‘Marketing Services’ team to Gibraltar operational set-up
Nasdaq-listed industry technology group, Scientific Games Corporation (SGC), has moved to bolster its SG Digital sportsbook operations team, confirming the launch of its new ‘Marketing Services’ division. Based out of Gibraltar, the Marketing Services team will support SG Digital’s fast growth B2B and B2G business units, which deliver digital systems for igaming, sports betting and lottery customers. In its update, …
Read More »Scientific Games appoints Alexander Ambrose as financial lead for SG Digital
Nasdaq-listed industry technology group Scientific Games Corporation (SGC), continues to restructure the executive management of its SG Digital division, confirming the appointment of Alexander Ambrose as Chief Financial Officer (CFO). Ambrose joins SG Digital’s leadership team from competitor Playtech Plc, where he served as UK Finance Director (2013-2018). Taking on SG Digital CFO responsibilities, Ambrose will lead the financial planning, auditing …
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