Light & Wonder Inc (formerly Scientific Games Corp) has confirmed that Barry Cottle has resigned as Chief Executive and a board member of the Nasdaq cross-platform games supplier. The board of L&W has begun a search process to find Cottle’s successor, as long-term senior executive Matt Wilson takes charge of the day-to-day leadership of L&W as Interim CEO. The former …
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Kevin Sheehan terminates Scientific Games governance contract
Nasdaq-listed gambling technology group Scientific Games Corporate (SGC) has confirmed that former Chief Executive Kevin Sheehan and corporate legal advisor Viet D Dinh will no longer serve on the firm’s board of directors. Issuing an SEC filing, Scientific Games reveals that both Sheehan and Dinh have departed the company this September, choosing to terminate their governance roles. Kevin Sheehan had served as …
Read More »Scientific Games absorbs Q1 restructuring costs for Digital future
Further to announcing its corporate leadership change, Scientific Games Corporation (SGC) has today published its Q1 2018 trading update (period ending 31 March), detailing a number of financial restructuring adjustments. The Nasdaq-listed technology group reported a 12% increase in group revenues to $811 million (Q1 2017: $725 million), supported by revenue growth recorded across its core divisions – SG Gaming …
Read More »New Chapter… Scientific Games promotes Barry Cottle to Group Chief Executive
Updating the market, Nasdaq-listed industry technology supplier Scientific Games Corporation (SGC) has confirmed the appointment of Barry Cottle as new President & Group CEO. Cottle is expected to take full leadership of SGC group operations on 1 June, replacing incumbent Kevin Sheehan, who will remain as a corporate senior advisor. A seasoned technology and entertainment executive Cottle has led SGC’s …
Read More »Duo of corporate responsibility awards for Scientific Games
Scientific Games Corporation has announced it has received two 2018 Communitas Awards, which honour excellence in corporate social responsibility for ethical and environmental sustainability and for community service. The industry technology provider received its first award for “Excellence in Ethical and Environmental Responsibility,” in the “Green Initiatives” category. Being commended for environmentally friendly practices to print and manufacture, it also …
Read More »Scientific Games hires Goldman Sachs’ Robert O’Connor as group government lead
Nasdaq-listed industry technology provider Scientific Games Corporation (SGC) has confirmed the appointment of Robert O’Connor as Senior Vice President of Government Affairs. Reporting directly to Group CEO Kevin Sheehan, O’Connor will lead and develop SGC’s global government and public affairs strategy, supporting long-term corporate growth initiatives. O’Connor joins SGC’s executive team from Goldman Sachs, where he served as VP of …
Read More »Scientific Games posts solid 2017 performance, as company targets digital acceleration in 2018
A refinanced Scientific Games Corporation (SGC) has published its 2017 full-year results (period ending 31 December), detailing solid growth across its assets and performance KPIs. The Nasdaq-listed industry technology group details that in 2017, it was able to strengthen its global commercial pipeline, developing a ‘richer revenue mix’ for its operations. Updating investors, SGC details that group revenues increased 7% …
Read More »Scientific Games narrows losses as company enters crucial 2018
Issuing a market update, Nasdaq-listed industry technology provider Scientific Games Corporation (SGC) has detailed that it expects to deliver higher group revenues, combined with a narrower net loss for its Q4 2017 performance. Publishing a ‘preliminary’ Q4 trading update, SGC governance expects a 9% increase in group consolidated revenues in the range of approximately $820-to-$825 million. Closing a busy Q4 …
Read More »Done Deal…Scientific Games completes NYX Gaming acquisition
Issuing a corporate statement, Nasdaq-listed gambling technology provider Scientific Games Corporation (SGC) has today confirmed that it has completed its acquisition of online gambling platform and software supplier NYX Gaming Group. SGC governance closes its pursuit of Toronto TSX-listed NYX Gaming, which began in September 2017, when the technology firm proposed a $630 million deal to acquire NYX assets outright. …
Read More »Scientific Games secures unanimous Yes Vote for NYX deal closure
Nasdaq-listed industry technology supplier Scientific Games Corporation (SGC) has today confirmed that it has secured the outright approval of NYX Gaming shareholders to acquire the business for $630 million. Since November, SGC governance has moved buy-up shares in Toronto TSX-listed NYX as the technology group seeks to accelerate the growth of its digital services and operations. Updating the market, SGC …
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