QUOTE AND NEWS
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...
SeekingAlpha  Aug 5  Comment 
The following audio is from a conference call that will begin on August 05, 2014 at 16:30 PM ET. The audio will stream live while the call is active, and can be replayed upon its completion. Listen now Complete Story »
SeekingAlpha  Aug 5  Comment 
By Weighing Machine: In private equity the name of the game is to control as much revenue as possible with as little money down (equity) as possible. Then the goal is to improve the profitability of that revenue/those assets as much as possible....
SeekingAlpha  Aug 5  Comment 
By Diesel: Note: The all the data, charts and figures in this article come from Investor Relations websites of Scientific Games and Bally. Furthermore, Bally's annual report was utilized for the annual financials. Scientific Games (NASDAQ:SGMS)...
DailyFinance  Aug 5  Comment 
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Bally...




 

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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