Tag Archives: Scientific Games Corporation

Machine sales & interactive growth boost Scientific Games Q1 performance

Publishing its Q1 2016 results Nasdaq-listed Scientific Games Corporation (SGC) has published its ‘sixth consecutive quarter of growth’, driven by strong machine gaming sales and its interactive division. Q1 2017 revenues rose 6% to $725 million, up from $682 million a year ago. Revenue growth was supported by a 24% increase in global unit shipments and a 33% increase in …

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Scientific Games completes $20 million acquisition of DEQ Systems

Issuing a corporate update Nasdaq-listed Scientific Games Corporation (SCG) has confirmed that it has completed its $20 million acquisition of industry progressive systems and table games manufacturer DEQ Systems Corp (deal first announced September 2016). Updating investors, SCG governance stated that DEQ’s current gaming inventory would be integrated within the firm’s existing services portfolio, boosting SCG’s provisions in proprietary table …

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Scientific Games boosts Lottery product engagement with Karma Gaming acquisition

Nasdaq-listed Scientific Games Corporation (Scientific Games) has confirmed that it has entered a binding agreement to acquire the complete games portfolio of lottery and instant games provider Karma Gaming. Updating investors, Scientific Games governance stated that the acquisition would ‘accelerate its interactive strategy roadmap’ by furthering its capabilities within interactive lotteries. Founded in 2012 by developers Paul LeBlanc and Jay …

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Scientific Games surprises industry by announcing Kevin Sheehan as new CEO

In a move that has surprised industry analysts, Nasdaq-listed Scientific Games Corporation (SGC) has announced the appointment of Kevin Sheehan as its new Chief Executive, as incumbent Gavin Isaacs moves to the governance position of Vice Chairman of the Board. Announcing the appointments this weekend, SGC confirmed to the media that Sheehan and Isaacs had already assumed their new governance …

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Scientific Games expands European services presence with Romania licence

Industry technology provider Scientific Games Corporation has expanded its European market presence by securing a Romanian online gambling licence for content and games services gained via subsidiary SG Interactive. SG Interactive becomes one of the few online gambling content providers to be gain an official services licence by Romanian gambling authority Official Național pentru Jocuri de Noroc (ONJN). The licence …

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Scientific Games boosts income & cash-flow despite currency exchange impacts

Nasdaq-listed Scientific Games Corporation has stated that integration initiatives and cost focused synergies implemented in 2015 have helped the company record an income boost of $50 million up 178% on Q1 2015’s $18 million. Updating the market on its Q1 2016 performance (period ending 31 March), Scientific Games reported growth on revenue and earnings ‘metrics, despite being impacted by unfavourable …

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SG Gaming appoints Phil Horne as new CEO

Scientific Games Corporation has confirmed the promotion of Phil Horne as CEO of subsidiary SG Gaming. Horne who currently serves as SG Gaming Group Managing Director will take over the leadership of the multi-content gambling technology provider when current Chairman Steve Frater retires on 31 March. Horne has served as SG Gaming MD since March 2013 prior to joining the …

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Scientific Games appoints Susan Cartwright as Corporate Communications VP

NASDAQ listed gambling technology provider Scientific Games Corporation (SGC), has confirmed the appointment of Susan Cartwright as Vice President of Corporate Communications. A gambling marketing strategy specialist, Cartwright joins SGC from competitor International Game Technology (IGT), were she led a number of branding, thought leadership and investor relations initiatives for IGT group as VP of Communications. SGC detailed that Cartwright …

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Scientific Games rolls out Operator Wide Area Progressive System with Rank Group

Scientific Games Corporation will integrate its Operator Wide Area Progressive System with Rank Group Plc premises in what will be the largest installation of a gaming system undertaken by a single operator. The initial rollout covers 21 tables in 10 casinos across the United Kingdom, with 86 more progressive tables to be installed by the end of this year. Overall, the …

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Bally acquisition impacts Scientific Games 2014 performance

The $5.1 billion acquisition of slot manufacturer Bally Technologies has had a direct impact on the Q4 performance of Scientific Games. As the operator posted increased group revenues of $565 million (Q4 2014 – $401 million), but a period net loss of $47.1 million. Scientific Games high level acquisition of Bally Technologies, impacted full year 2014 performance as the company …

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