Tag Archives: Kevin Sheehan

Rich revenue mix helps Scientific Games narrow Q3 2017 losses

SBC News Rich revenue mix helps Scientific Games narrow Q3 2017 losses

Nasdaq-listed gambling technology supplier Scientific Games Corporation (SGC) has reported a strong Q3 2017 trading update (period ending 30 September), recording growth across all its core divisions (gaming, lottery and interactive). Updating the market, SGC governance would declare period group revenues of $769 million, representing a 7% increase on corresponding 2016’s $720 million. The firm states that it currently operating …

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Scientific Games name Shawn Dennis as new Chief Marketing Officer

SBC News Scientific Games name Shawn Dennis as new Chief Marketing Officer

Scientific Games has appointed Shawn Dennis, a 25-year veteran of entertainment, consumer products and sports marketing industries, as Chief Marketing Officer. In her new role Dennis will be responsible for growing Scientific Games on a global scale, and increasing engagement with customers and players across its interactive, lottery and gaming segments. Kevin Sheehan, Scientific Games Chief Executive Officer and President, …

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Compelling reasons behind Scientific Games’ NYX & Openbet deal

SBC News Compelling reasons behind Scientific Games' NYX & Openbet deal

Scott Longley reports on the potential fallout from the surprise Scientific Games acquisition of NYX Gaming, and its Openbet subsidiary. _________________ It may seem surprising that in a climate of sometime feverish M&A speculation, the potential of a buyout deal for NYX Gaming launched by one of the behemoths of the global gambling provision could have been kept under wraps. …

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Scientific Games targets ‘accelerated digital growth’ with $635m acquisition of NYX Gaming

SBC News Scientific Games targets 'accelerated digital growth' with $635m acquisition of NYX Gaming

Nasdaq gambling technology supplier Scientific Games Corporation (SGC) has moved to significantly bolster its digital gambling operations by detailing that it has entered ‘a definitive agreement’ to acquire Toronto TSX-listed NYX Gaming Group, owner of leading sports betting supplier Openbet. Updating the market this afternoon, SGC governance has detailed that it will propose a CAD $2.40 per share offer to …

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Machine sales & interactive growth boost Scientific Games Q1 performance

SBC News 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 cuts costs despite social gaming success

SBC News Scientific Games cuts costs despite social gaming success

Las Vegas-based Scientific Games has initiated a $75 million cost-cutting programme to reverse its losses, and focus on driving the company back to its core business. Kevin Sheehan, Chief Executive and President, said: “To position Scientific Games for long-term growth, we are prioritizing our business strategies, streamlining and consolidating our processes and creating a more efficient, seamless organisation.” Sheehan, who …

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Scientific Games surprises industry by announcing Kevin Sheehan as new CEO

SBC News 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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