Scientific Games said Q1 revenue rose 1 percent and its loss narrowed significantly thanks to gains in its lottery, Sciplay and digital businesses.
Revenue was $729 million, while its net loss narrowed to $9 million from $155 million the same quarter a year ago.
Gaming revenue continued to be impacted by casino restrictions and closures, particularly in Europe.
“I am extremely pleased with our progress this quarter,” CEO Barry Cottle said. “Despite the continued challenges, our teams’ dedication and focus enabled us to build on our gains from last year. We delivered another strong quarter, enabling us to return to growth on both the top and bottom lines.”
New Zealand’s Problem Gambling Foundation head Andree Froude has raised concerns over the amount being spent on gaming machines (pokie) in South Auckland, after figures showed the region recorded NZ$21 million non profits in 21Q1.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.