QUOTE AND NEWS
Benzinga  Mar 13  Comment 
Scientific Games (NASDAQ: SGMS) reported its fourth quarter 2013 financial results on March 12, 2014. The company had a number of remarkable improvements which included revenue rising to $402 million. Shares of the gamer are up about 15...
TheStreet.com  Mar 13  Comment 
NEW YORK (TheStreet) -- Scientific Games  is soaring on Thursday after beating analysts' expectations on the top line. By midday, shares have added 19.7% to $16.59. Trading volume of 2.4 million is more than four times its three-month daily...
Benzinga  Mar 13  Comment 
magicJack VocalTec (NASDAQ: CALL) shares moved up 26.59% to $22.19. The volume of magicJack VocalTec shares traded was 1272% higher than normal. magicJack VocalTec reported upbeat quarterly earnings and issued a strong FY14 guidance. magicJack...
Benzinga  Mar 13  Comment 
SeekingAlpha  Mar 13  Comment 
Scientific Games Corporation (SGMS) Q4 2013 Earnings Conference Call March 12, 2014 5:00 PM ET Executives Cindi Buckwalter – Vice President-Corporate Communications and Investor Relations David L. Kennedy – President and...
StreetInsider.com  Mar 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Scientific+Games+Corp+%28SGMS%29+Post+Q4+Loss+of+%240.01Sh%2C+Sales+Beat+Views/9276137.html for the full story.
SeekingAlpha  Mar 12  Comment 
Complete Story »
StreetInsider.com  Mar 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Scientific+Games+%28SGMS%29+Enters+New+Contract+with+the+North+Dakota+Lottery/9255990.html for the full story.
Benzinga  Jan 29  Comment 
Scientific Games Corporation (Nasdaq: SGMS) today announced that the Company has signed a contract to implement and support a Central Monitoring System for the New Mexico Gaming Control Board, an existing customer. Under the terms of the...
Benzinga  Jan 9  Comment 
Scientific Games Corporation (Nasdaq: SGMS) today announced the sale of 39,742,179 shares of Sportech PLC (LSE: SPO) ("Sportech") for gross cash proceeds of GBP 27.8 million. The sale represents all of the shares of Sportech owned by the Company....
Market Intelligence Center  Dec 26  Comment 
Scientific Games (SGMS) presents a trading opportunity that offers a 8.54% return in just 205 days. A covered call on Scientific Games at the $15.00 level expiring on Jul. '14 offers an assigned return rate of 8.54% or 15.20% annualized. This...




 

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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