Tag Archives: Scientific Games Corporation

SciPlay, Digital and Lottery sectors start COVID recovery for SG

Scientific Games (SG) has reported improved year-end group trading against continued COVID-19 headwinds, impacting the performance of its global commercial pipeline.    The Nasdaq gambling technology group has reported consolidated revenues of US$762 million during Q4 2020 – down 11.7% year-on-year but 8.4% higher than revenue of US$698 million recorded during Q3 trading. A breakdown of business units sees SciPlay, Digital …

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Scientific Games appoints Jim Bombassei as investor relations VP 

Victor Blanco to join Scientific Games as new CTO

Scientific Games Corporation has confirmed the appointment of Jim Bombassei as its new Senior Vice President of Investor Relations.  The Nasdaq gambling technology group confirmed that Bombassei will serve as dual investor relations lead for its separately listed Scientific Games (SGMS) and SciPlay (SCPL) ventures. Bombassei joins Scientific Games executive leadership team from US media and entertainment conglomerate Viacom, where …

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Distribution fallout sees IGT and Scientific Games cancel LOTEX Brazil contract 

IGT Plc and Scientific Games Corporation (SGC) have published a joint statement confirming that they have withdrawn their consortium to operate Brazil’s exclusive LOTEX instant lottery concession.  The lottery technology groups cited that they have been unable to form a ‘crucial distribution arrangement with CAIXA Federal’, Brazil’s state-owned bank and the incumbent retail distributor of lottery products across the country.    …

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Perelman fund reviews majority shareholding in Scientific Games

MacAndrews & Forbes, the investment fund of American billionaire Ronald Perelman, has filed an SEC note informing that it is exploring a full divestment of its shareholding in Scientific Games Corporation (SGC).  The wholly-owned fund of finance tycoon Perelman has placed its 39% shareholding in SGC under review, but underlined that it has yet to determine a future outcome for …

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Scientific Games confirms Michael Eklund as inbound Group CFO 

Stephenson

Scientific Games Corporation (SGC) has confirmed the inbound appointment of Michael Eklund as Group Chief Financial Officer (CFO). Eklund will join SGC’s executive leadership team on 1 June, taking control of the Nasdaq technology group’s financial planning, auditing and capitalisation structures. The appointment sees SGC secure a leading CFO for large scale technology enterprises, with Eklund having previously led diverse …

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Scientific Games appoints Rich Schneider as group product strategy lead

Nasdaq gambling technology supplier Scientific Games Corporation (SGC) has confirmed the appointment of Rich Schneider as Group Chief Product Officer (CPO). A key new hire for SGC, Schneider has joined the executive team from Australia ASX competitor Aristocrat, where he served as CPO leading creative studios, hardware and product development. Updating investors, SGC governance details that it has secured an ‘industry …

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Scientific Games leadership commits to salary cut to navigate COVID-19 headwinds

Barry Cottle, President and Group CEO of Scientific Games Corporation (SGC), has this morning issued a personal statement on the firm’s contingency planning and workforce actions to counter global COVID-19 impacts. Cottle has confirmed that SGC will implement a series of cost-savings measures seeking to secure long-term company jobs as it reduces workforce hours.  Drastic actions have seen the firm’s …

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Norsk Tipping boosted funding for Grasrotandelen initiative during 2019

Norwegian state-run operator Norsk Tipping has revealed that during 2019, it had allocated almost NOK700m (£60.2m) towards grassroots sporting initiatives as part of its Grasrotandelen initiative. The operator distributed a total of NOK698.2m last year, marking a 7.6% increase on the NOK649m handed out in 2018. Norsk Tipping revealed that via the Grasrotandelen project, over 35,000 grassroots initiatives secured funding …

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Scientific Games agrees to supply VLTs through Norsk Tipping deal

Via its Global Draw Ltd subsidiary, industry technology group Scientific Games Corporation (SGC) has secured a ‘landmark’ partnership with Norsk Tipping. The new agreement will see SGC supply 3,000-4,500 Video Lottery Terminals (VLT) across approximately 1,000 locations across Norway, which will include convenience stores, bingo venues and other arenas. Thorbjørn A Unneberg, EVP Market Operations Norsk Tipping, commented: “Having worked …

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Former Scientific Games CEO David L Kennedy resigns from board

Issuing a corporate filing, Nasdaq-listed Scientific Games Corporation (SGC) has confirmed that former Group Chief Executive David L Kennedy has chosen to resign from the firm’s board of corporate governance. Updating stakeholders, SGC informs that Kennedy will end his 10-year executive tenure on 31 December 2019, after choosing to retire from all corporate activities. Kennedy had formerly served as Group …

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