Benzinga  Oct 5  Comment 
Scientific Games Corp. (NASDAQ: SGMS) has seen a year-to-date decline of 21.39 percent in its share price, which hit a low of $9.71 on October 1. Macquarie’s Chad Beynon has maintained an Outperform rating and a price target of $20 on the...
Benzinga  Sep 28  Comment 
Scientific Games (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced a new partnership with Cirque du Soleil at the Global Gaming Expo ("G2E") in booth #1126, September 29 to October 1, with the first featured production: KOOZA....
Benzinga  Sep 1  Comment 
Scientific Games Corp (NASDAQ: SGMS) shares have lost 25 percent in the past month, despite a 14 percent jump over the last five trading days. Deutsche Bank’s Carlo Santarelli upgraded the company from Sell to Hold, while maintaining the...
TheStreet.com  Sep 1  Comment 
NEW YORK (TheStreet) -- Scientific Games  was upgraded to "hold" from "sell" at Deutsche Bank on Tuesday morning. The firm maintained its $10 price target on the stock. Deutsche Bank said it thought shares of the company were overvalued...
TheStreet.com  Aug 4  Comment 
NEW YORK (TheStreet) -- Scientific Games shares are down 13.88% to $12.97 in afternoon trading on Tuesday after the company reported a second quarter net loss after the closing bell yesterday. The gaming and lottery industry electronic...
Market Intelligence Center  Jun 25  Comment 
For a hedged play on Scientific Games (SGMS) MarketIntelligenceCenter.com’s patented trade-picking algorithms selected a Jan. '16 $14.00 covered call for a net debit in the $12.48 area. That is also the break-even stock price for the covered...


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]


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:


  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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