Tag Archives: scientific games

Yiannis Stathis, SG Digital: The costly pursuit of one-to-one relationships

OpenMarket

SG Digital’s Yiannis Stathis believes that OpenMarket can spell an end to the complex working environment for sports betting operators and suppliers, adding that both sides are losing too much time – and “leaving too much money on the table” – by trying to manage one-to-one relationships. Stathis was delivering a presentation at the SBC Summit Barcelona – Digital, where …

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SG OpenMarket approval sees SportCaller expand FTP distribution capacity

Free-to-play (FTP) sports-game studio SportCaller has broadened its global distributional scope after partnering with Scientific Games (SG). This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. As part of the agreement, SportCaller’s FTP product portfolio will be made available to a new network of operators via SG’s new ‘OpenMarket’ platform. Cillian Barry, …

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Scientific Games bolsters virtuals portfolio with Legends Racing addition

Scientific Games has signed a new partnership with Racecourse Media Group (RMG) to add its new ‘Legends Racing Series’ from Quantum Leap Solutions (QLS) to its OpenMarket sports content offering. Legends Racing will bring together a number of racing veterans from the last 50 years into a single database of 9,000 horses, plus jockeys such as Lester Piggott, Willie Carson …

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Caixa chairman seeks to offload Brazil lottery assets by 2021

Pedro Guimarães, the Chairman of Brazil’s federal bank – Caixa Economica Federal (Caixa), has stated that the government maintains its objective of ‘privatising five Caixa subsidiaries by 2021’. Guimarães made his statement to Brazilian business journal Metropoles, revealing that his office had identified Caixa ‘Loterias’ (lotteries), ‘Seguradora’ (insurance) and ‘Central’ (credit agency) as three divisions that will be privatised or …

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Scientific Games records $198m loss as COVID swamps casino and lottery performance

Scientific Games Corporation (SGC) has published its Q2 trading statement, underlining that COVID-19 has impacted all core business channels, as the company recorded a net operating loss of $198 million. As previously communicated to markets, the Nasdaq technology group stated that pandemic disruptions have ‘affected comparability to previous trading periods’, as group Q2 revenues dropped from $845 million in Q2 …

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Royal Ascot generates ‘record number of transactions’ for SG’s OpenSports

Despite this year’s Royal Ascot taking place behind closed doors, Scientific Games reported a ‘record breaking’ number of account transactions across its OpenSports platform on the first day of the meeting. The sports betting technology provider recorded a 44% increase in the volume of bets placed on the opening day of the event when compared to last year. Meanwhile, there …

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Scientific Games inks LOTTO Thüringe extension

Scientific Games has added a three-year extension to its deal with Germany’s LOTTO Thüringe which will see SG supply instant win games from 2021. The agreement, which may be extended by one further year, will include SG’s value-added products and services including digital instant games, or ‘eInstants’. Jochen Staschewski, LOTTO Thüringen CEO, said: “We look forward to continuing our successful …

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Scientific Games backs tough measures eyeing fast COVID-19 comeback

Scientific Games (SGC) has booked a net loss of $155 million as part of its Q1 2020 trading update, citing that COVID-19 disruptions have impacted all business channels.  Operating in unprecedented times, SGC has witnessed its land-based casino customers temporarily close their venues across all jurisdictions. Meanwhile, further COVID-19 disruptions have impacted the Nasdaq technology group’s commercial pipeline for SGC …

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Alternative betting markets: short-term filler or long-term fixture?

alternative

Non traditional sports betting content ranging from table tennis to Nicaraguan or Belarusian soccer and Taiwanese baseball have been unexpectedly thrust into the spotlight for sports betting operators hoping to salvage some of the revenues lost to COVID-19. Yet, are these ‘niche’ sports just short-term filler for sports betting operators, or should we expect to see them as part of …

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Scientific Games secures $100m in Q2 2020 costs savings 

Scientific Games Corporation (SGC) has outlined strong progress for its corporate contingency programme to navigate global COVID-19 headwinds, adding that it expects to secure ‘$100 million in cost savings during Q2 trading’. This morning, the Nasdaq technology group issued new guidance to investors on its COVID-19 contingency programme triggered on 31 March 2020.    Focusing on reducing workforce costs, SGC has …

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