SG reports continuing net loss for 2019

Scientific Games released its financial results for the full year period showing a net loss of US$118 million on somewhat higher total revenues. Overall, there was still an improvement over the previous year period.

Annual revenues advanced US$37 million to US$3.4 billion, a 1.1 percent increase.

The net loss of US$118 million compared to losses of US$234 million the prior year.

CEO and President of Scientific Games Barry Cottle said, “This past year, we made great strides in developing the best games, attracting industry leading talent, and improving our capital structure. I’m confident we have the right team in place to reach our goal to be the market leader across land-based gaming, lottery, sports and digital gaming driven by leading content and the platforms that enable play anywhere and anytime. Our recent contract and deal wins across our businesses, and the globe, highlight that we are on the right path.”

Related Articles

Changing face of casino service

The role of casino employees, who play a central tenet in ensuring guest satisfaction, has had to pivot due to Covid-19 from that of being the perfect host to enforcing strict health and safety guidelines.
Covid-19 precautions in Macau casinos

Suppliers rush to adapt to Covid realities

While the past six months have undoubtedly been devastating for the gaming industry, in just a short space of time suppliers have shown their ability to adapt and react, releasing new products for the new reality and refocusing business models. 

Facial recognition technology casts eye beyond security

Advances in facial recognition technology will see new and widespread applications that revolutionize the way casino operators interact with their players.  Facial recognition is not new to the casino sector, but it has traditionally been restricted to security teams, primarily as an aid to keeping barred individuals off a property.  But the technology has developed […]

SG reports Q3 revenues down 18.4% year-on-year

Scientific Games has reported revenues for the July-September 2020 period at US$698 million, down 18.4 percent from the previous year, despite growth in its digital segments. This resulted in a net loss of US$111 million for the quarter.
SG Tournaments changes the game

Scientic Games: Changing the game with Tournaments Express

With Tournaments Express, you can turn any slot machine on your floor – no matter its manufacturer or slot-management system – into a tournament machine within moments. As soon as the tournament ends, you can easily switch the games back into revenue-generating mode to make the best use of your casino floor.
SG launches Kascada cabinet

Scientific Games launches Kascada cabinet

Scientific Games has introduced the Kascada cabinet, which is the next generation of the top-selling TwinStar J43 cabinet.
Bigger things may be in the works at SG

Bigger things may be in the works at SG: Union Gaming

Scientific Games may have “bigger things” in the works, including a strategic transaction, after announcing a management refresh on Monday, according to a note from Union Gaming.
SG appoints former Aristocrat execs to board after investor changes

SG appoints former Aristocrat execs to board after investor changes

Scientific Games said it has appointed former Aristocrat CEO Jamie Odell as its executive chair and former Chief Financial Officer Toni Korsanos as executive vice chair in a boardroom reshuffle after a change in shareholders.
SG introduces GM Atlas and ShuffleStar Continuous

SG introduces GM Atlas and ShuffleStar Continuous

GM Atlas, Scientific Games’ next-level progressive platform, ties together all of the best functions from the previous Game Manager 1 and Game Manager 2 platforms and adds much more.
slot-machines

More player space on casino floors likely to become permanent

The increased space for players on gaming floors due to Covid-19 has been welcomed by clients and is likely to be a trend that is here to stay, executives from three of the world’s largest suppliers said on a panel at the Australasian Gaming Expo seminars.