QUOTE AND NEWS
StreetInsider.com  Sep 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Scientific+Games+%28SGMS%29+Reports+Three-Year+Contract+Extension+with+Delaware+Lottery/9862273.html for the full story.
Benzinga  Sep 9  Comment 
Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced that it has signed a new contract with TIPOS a.s. to provide instant games and consulting services to the National Lottery of Slovakia. The contract,...
Benzinga  Sep 9  Comment 
Scientific Games Corp. (NASDAQ: SGMS) closed up Monday more than 7 percent as traders digested news that a rival company will be acquired for $1.2 billion in cash. Casino services provider Global Cash Access (NYSE: GCA) said late Friday it would...
StreetInsider.com  Sep 8  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Scientific+Games+%28SGMS%29+Reports+3-Yr+Instant+Game+Contract+Extension+with+Colorado+Lottery/9814884.html for the full story.
StreetInsider.com  Aug 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Scientific+Games+%28SGMS%29+Extends+Agreement+with+Minn.+Lottery+for+Instant+Win+Games/9751079.html for the full story.
StreetInsider.com  Aug 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Scientific+Games+%28SGMS%29+Reports+Instant+Game+Contract+for+Taiwan+Lottery/9746584.html for the full story.
SeekingAlpha  Aug 12  Comment 
ByMarshall Hargrave: Scientific Games (NASDAQ:SGMS) posted 2Q earnings of $0.40 a loss per share (missing consensus of a loss of $0.26 per share), but revenues marginally beat expectations and grew 77% y/y. Management noted that it's still...
Benzinga  Aug 6  Comment 
Amid last week's announcement that Scientific Games (NASDAQ: SGMS) will acquire Bally Technologies (NYSE: BYI), Stifel is downgrading Bally from Buy to Hold as the firm views the offer as fair and believes a competitive bid is...
SeekingAlpha  Aug 6  Comment 
Scientific Games Corporation (NASDAQ:SGMS) Q2 2014 Earnings Conference Call August 5, 2014 16:30 ET Executives Bill Pfund - Vice President, Investor Relations Gavin Isaacs - President and Chief Executive Officer Scott Schweinfurth...
TheStreet.com  Aug 5  Comment 
NEW YORK (TheStreet) -- Scientific Games Corp.  is down -2.94% to $8.24 in after hours trading on Tuesday after the company reported a net loss of -$72.4 million, or -86 cents per share for the 2014 second quarter, compared to a net loss of...




 

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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