Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Scientific Games Corporation    SGMS

SCIENTIFIC GAMES CORPORATION

(SGMS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Scientific Games : Continues Building European Instant Games Business with New Contract From National Lottery of Croatia

10/26/2020 | 11:00am EST

Scientific Games Continues Building European Instant Games Business with New Contract

From National Lottery of Croatia

Company Developed New Games, Increased Retail Sales in Croatia by 60% in Two Years

LAS VEGAS and ATLANTA - October 26, 2020 - Scientific Games Corporation(NASDAQ: SGMS) ("Scientific Games" or the "Company") announces a new, two-year contract to provide lottery instant scratch games to Hrvatska Lutrija, the National Lottery of Croatia (or the "Lottery"), continuing a successful two-year collaboration that has grown retail sales for the products 60% since 2018. Scientific Games provides Hrvatska Lutrija with instant game portfolio management and has developed a variety of products to entertain Croatian players and drive maximum proceeds to financially support valuable projects that contribute to the development of society in Croatia, including humanitarian causes, science, education, culture, environmental and health protection.

With a 47-year successful tradition of organizing games of chance in Croatia, Hrvatska Lutrija is the state-licensed lottery offering a full variety of gaming products, including lotteries, instant lotteries, multi-jurisdictional lottery games, EuroJackpot, sports betting, casinos and slot clubs.

In 2019, instant game annual sales in the Central European

country with a population of four million reached nearly €14.2 million across the Lottery's network of 2,842 retailers (La Fleur's Almanac).

"We are extremely pleased with the growth of our instant game product category since our relationship with Scientific Games began just under two years ago, and we look forward to continuing our good work together for two more years," said Mr. Mario Musa, President of the Board of Hrvatska Lutrija. "The incredible growth of the product in this short time can be credited to Scientific Games' global expertise fully developing instant game portfolios with both entertainment value and the Lottery's beneficiaries in mind."

A new game created by Scientific Games for the National Lottery of Croatia, MAXI CRNI BISERI features a fun, simple play style that has quickly made it a favorite among players. ODMOR IZ SNOVA offers a new play experience with the chance to win 15.000kn per month for 12 months. Exciting new designs were created for ZLATNA STAZA, a popular base game for many years.

"There is great potential to responsibly grow the instant product category further in Croatia. As we begin to work even more closely to refine the offering, the future to create proceeds to the Lottery's beneficiary is very bright," said John Schulz, SVP Global Instant Products for Scientific Games. "Instant games as a game entertainment category is not fully realized in many European markets, and the National Lottery of Croatia's recent success is a tremendous example of the product's potential."

Scientific Games provides games, technology and services to more than 150 lotteries in 50 countries. The Company is the world's largest creator, manufacturer and services provider of lottery instant games with manufacturing facilities on four continents. Scientific Games products represent 74% of lottery instant game retail sales worldwide.

© 2020 Scientific Games Corporation. All Rights Reserved.

About Scientific Games

Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.

Media Inquiries:

Media@scientificgames.com

Forward-Looking Statements

In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the "SEC"), including Scientific Games' current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on February 18, 2020 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Scientific Games Corporation published this content on 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2020 15:59:09 UTC


© Publicnow 2020
All news about SCIENTIFIC GAMES CORPORATION
11/30SCIENTIFIC GAMES : Boosts OpenGaming™ Jackpot Offering Following BlueRibbo..
PU
11/18SCIENTIFIC GAMES : LiveXLive Names Former Scientific Games And Las Vegas Sands E..
PR
11/09SCIENTIFIC GAMES : rsquo; All-New Willy Wonka Golden Ticket™ Launches with..
PU
11/04SCIENTIFIC GAMES : Q3 2020 Earnings Presentation
PU
11/04SCIENTIFIC GAMES : 3Q Earnings Snapshot
AQ
11/04SCIENTIFIC GAMES CORP : Results of Operations and Financial Condition, Change in..
AQ
11/04SCIENTIFIC GAMES : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION A..
AQ
11/04SCIENTIFIC GAMES : Reports Third Quarter 2020 Results
PR
10/28SCIENTIFIC GAMES : Wins Oklahoma Lottery's 10-Year Gaming Systems Technology and..
PU
10/26SCIENTIFIC GAMES : Continues Building European Instant Games Business with New C..
PU
More news
Financials (USD)
Sales 2020 2 691 M - -
Net income 2020 -508 M - -
Net Debt 2020 8 308 M - -
P/E ratio 2020 -6,88x
Yield 2020 -
Capitalization 3 511 M 3 511 M -
EV / Sales 2020 4,39x
EV / Sales 2021 3,63x
Nbr of Employees 9 800
Free-Float 79,6%
Chart SCIENTIFIC GAMES CORPORATION
Duration : Period :
Scientific Games Corporation Technical Analysis Chart | SGMS | US80874P1093 | MarketScreener
Technical analysis trends SCIENTIFIC GAMES CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 35,43 $
Last Close Price 36,89 $
Spread / Highest target 35,5%
Spread / Average Target -3,96%
Spread / Lowest Target -75,6%
EPS Revisions
Managers
NameTitle
Barry L. Cottle President, Chief Executive Officer & Director
Jamie R. Odell Executive Chairman
Michael Christopher Eklund CFO, Secretary, Treasurer & Executive VP
Jeff McVay Chief Information Officer
Peter Anthony Cohen Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
SCIENTIFIC GAMES CORPORATION37.75%3 511
SANKYO CO., LTD.-26.76%1 522
EVERI HOLDINGS INC.-15.12%980
POLLARD BANKNOTE LIMITED31.00%521
PLAYAGS, INC.-58.37%181
AINSWORTH GAME TECHNOLOGY LIMITED-50.96%85