QUOTE AND NEWS
StreetInsider.com  Jun 19  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Scientific+Games+%28SGMS%29%2C+Int%27l+Game+Technology+%28IGT%29+Enter+New+Licensing+Agreement/9599304.html for the full story.
TheStreet.com  Jun 10  Comment 
NEW YORK (TheStreet) -- Scientific Games was gaining 15.8% to $10.58 Tuesday after the slot machine supplier named Gavin Isaacs as its new CEO. Isaacs will succeed David L. Kennedy as president and CEO of Scientific Games effective immediately....
TheStreet.com  Jun 9  Comment 
NEW YORK (TheStreet) -- Scientific Games was gaining 0.1% in after-hours trading Monday following news of competitor International Games Technology is exploring a sale. According to Reuters IGT is working with Morgan Stanley to explore a sale...
SeekingAlpha  May 14  Comment 
By Markus Aarnio: Scientific Games Corporation (SGMS) provides technology-based products and services, and associated content for gaming and lottery markets worldwide. (click to enlarge) Insider buying during the last 30 days Here is a...
TheStreet.com  May 9  Comment 
NEW YORK (TheStreet) -- Shares of Scientific Games Corp. are down -18.22% to $8.84 on Friday as a result of the -$45 million net loss the company reported for the 2014 first quarter, compared to a net loss of -12.3 million from the same period...
SeekingAlpha  May 8  Comment 
Scientific Games Corporation (SGMS) Q1 2014 Results Earnings Conference Call May 08, 2014 04:30 PM ET Executives Bill Pfund - VP of Investor Relations David Kennedy - President and CEO Scott Schweinfurth - EVP and Chief Financial...
StreetInsider.com  May 8  Comment 
Rocket Fuel (NASDAQ: FUEL) 25% LOWER; reported Q1 EPS of ($0.18), $0.12 better than the analyst estimate of ($0.30). Revenue for the quarter came in at $74.4 million versus the consensus estimate of $76.21 million. Sees Q2 revenue in the range...
Benzinga  Apr 28  Comment 
Scientific Games Corporation (Nasdaq: SGMS) (the "Company") today announced it has signed a new contract to provide instant games and related services for Washington's Lottery, a customer since 1990. Under this new agreement, the Company will...
Benzinga  Apr 28  Comment 
Analysts at Morgan Stanley initiated coverage on shares of Rubicon Project (NYSE: RUBI) with an “overweight” rating. The target price for Rubicon Project is set to $27. Rubicon Project's shares closed at $19.49 on Friday. Analysts at FBR...
TheStreet.com  Apr 22  Comment 
NEW YORK (TheStreet) -- Scientific Games  surged Tuesday after the company announced it had signed a three-year contract with La Francaise des Jeux, or FDJ, which operates the French National Lottery. Scientific Games will continue to serve as...




 

Based in New York City, Scientific Games Corporation (SGMS) is a global information technology (IT) systems and services company that provides instant ticket and online lottery products, systems and services to lottery authorities worldwide. Scientific Games is also the leading provider of computerized systems and services to the pari-mutuel wagering industry, an operator of off-track betting (OTB) facilities, and a leading manufacturer of paper-based prepaid phone cards.

Scientific Games continues to benefit from its strong and growing presence in the worldwide instant ticket and online lottery markets. Within the instant ticket lottery market, the company started instant ticket lottery contracts for lottery authorities in Georgia, Tennessee, and Texas over the past two years. The company also signed a four-year contract with the California State Lottery, three-year contracts in New York and Illinois, and two-year contracts in Colorado and Vermont. Additionally, the company was awarded contract extensions from lottery authorities in Indiana, Kentucky, Washington, and West Virginia during the second half of 2005. In addition to strong and growing relationships with state lottery authorities, the company benefits from its licensed instant ticket brands, such as Texas Hold'em from the World Poker Tour, Pac-Man, Yahoo!, and American Idol.

Business Overview

Business & Financial Metrics[1]

In 2009, SGMS incurred a net loss in $39.8 million on revenues of $927.7 million. This represents a 789.2% jump in net loss and a 17.1% decrease in revenues from 2008, when the company lost $4.5 million on $1.12 billion in revenues.

Business Segments[2]

SGMS is divided into three reportable business segments.

  • Printed Products Group (50.3% of revenues): This segment represents the company's instant lottery ticket business.[3]
  • Lottery Systems Group (27.7% of revenues): This segment sells customized computer software to government-sponsored and privately-operated lotteries.[4]
  • Diversified Gaming Group (22.0% of revenues): This segment sells services and systems to operators in the gaming and wagering industries. The segment sells server-based gaming machines, video lottery terminals, and sports betting systems.[4]

Competition

In the United States, SGMS's primary competitors in the instant lottery ticket market are Pollard Banknote Inc FD (PBL) and GTECH. In the lottery systems market, the company's major competitors are GTECH and Intralot (ATH:INLOT). The company's competitors in the video gaming terminal market are:

References

  1. SGMS 2009 10-K pg. 45  
  2. SGMS 2009 10-K pg. 124  
  3. SGMS 2009 10-K pg. 3  
  4. 4.0 4.1 SGMS 2009 10-K pg. 4  
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