Scientific Games

Light & Wonder, Inc. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, SciPlay, and iGaming. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services. The SciPlay segment publishes digital games on mobile and web platforms. The iGaming Segment provides a comprehensive suite of digital gaming and sports wagering solutions and services, including digital RMG and sports wagering solutions, distribution platforms, content, products and services. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.

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Light & Wonder, Inc. is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services. The SciPlay segment involves the development and publishing of digital games on mobile and web platforms. The iGaming segment focuses on the provision of digital gaming content, distribution platforms, player account management systems, and services. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.

LAS VEGAS and ATLANTA, Jan. 18, 2022 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) expands the company's leadership as a responsible lottery company by achieving the World Lottery Association's Responsible Gaming Framework Certificate of Alignment for its worldwide operations spanning five continents. WLA awarded the prestigious certification following an extensive process auditing Scientific Games' continued improvement to responsible gaming practices across its global lottery operations for both retail and digital products and services.

SCIENTIFIC GAMES GLOBALIZES LEADERSHIP IN RESPONSIBLE GAMING WITH WORLD LOTTERY ASSOCIATION CERTIFICATION

LAS VEGAS , Jan. 12, 2022 /PRNewswire/ -- OpenBet, the world leader in sports betting entertainment and the sports betting business of Scientific Games Corporation (NASDAQ: SGMS), has appointed two highly-experienced executives to its senior management team in a move that reinforces the quality of opportunity and exciting future that lies ahead for the company.  Florian Diederichsen joins OpenBet from DAZN as Chief Technology Officer, tasked with evolving OpenBet's modular sports product offering and accelerating the next generation of sports betting entertainment through the use of cutting edge technologies.

OpenBet Appoints DAZN and American Gaming Association Execs To Reimagine Sports Betting Entertainment

Sciplay Corp

The online gaming companies just couldn't see eye-to-eye.

Why Scientific Games Is Soaring and SciPlay Is Tumbling Today

LAS VEGAS, Dec. 22, 2021 /PRNewswire/ -- A special committee of independent directors (the "Special Committee") of SciPlay Corporation (NASDAQ: SCPL) ("SciPlay"), a leading developer and publisher of digital games on mobile and web platforms, today announced that discussions between the Special Committee and Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games") regarding Scientific Games' proposal to acquire the outstanding publicly traded shares of SciPlay have terminated. In July of 2021, Scientific Games made a proposal to acquire the 19% equity interest in SciPlay it does not currently own at a price of 0.250 shares of Scientific Games for each share of SciPlay.

SciPlay Independent Special Committee Announces Inability to Reach Agreement with Scientific Games Regarding Scientific Games' Proposal to Minority Shareholders

LAS VEGAS, Dec. 22, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games," "SGC" or the "Company") today announced that it has withdrawn its previously announced July 15, 2021 all-stock offer to acquire the remaining 19% equity interest in SciPlay that it does not currently own. SGC previously offered to merge with SciPlay in a transaction that would have resulted in SciPlay shareholders, other than SGC, receiving 0.25 shares of SGMS stock for each share of SciPlay stock.

Scientific Games Withdraws Offer to Acquire Remaining 19% Equity Interest in SciPlay

LAS VEGAS and ATLANTA, Dec. 16, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") and its longtime Canadian customer, Western Canada Lottery Corporation ("WCLC") introduced an array of new offerings for players, including single game sports lottery betting, real-time odds and futures. The launch is powered by Scientific Games Lottery's sports betting engine, customized for WCLC to integrate directly with its central gaming system also provided by the Company.

SCIENTIFIC GAMES AND WESTERN CANADA LOTTERY CORPORATION KICK OFF SINGLE GAME SPORTS BETTING

Scientific Games Corp (NASDAQ: SGMS) has acquired ELK Studios, an European games developer, for an undisclosed sum. ELK Studios is a Stockholm-based developer producing games with mathematics, artwork, and a mobile-first focus.

Scientific Games Acquires European Games Developer ELK Studios For Undisclosed Sum

LAS VEGAS, Dec. 1, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") has strengthened its original iGaming content offering and production capabilities with the acquisition of ELK Studios, a leading and innovative European games developer. This highly synergistic acquisition of a talented digital content studio marks another important step as the Company rapidly executes its vision to become the leading cross-platform global game company.

Scientific Games Advances Original iGaming Content Offering and Production Capabilities with Acquisition of ELK Studios

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In 2018 PASPA was declared unconstitutional and this opened the door for legalizing sports betting. The iGaming industry is expected to grow at a CAGR of 17.3% up until 2026.

Taking A Look At The iGaming Industry

Scientific Games' (SGMS) third-quarter 2021 results reflect strong growth in Gaming and Digital businesses.

Scientific Games (SGMS) Q3 Earnings Beat, Revenues Rise Y/Y

Scientific Games Corporation (SGMS) CEO Barry Cottle on Q3 2021 Results - Earnings Call Transcript

Scientific Games (SGMS) delivered earnings and revenue surprises of 113.33% and -29.04%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Scientific Games (SGMS) Surpasses Q3 Earnings Estimates

LAS VEGAS, Nov. 9, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games," "SGC" or the "Company") today reported results for the third quarter ended September 30, 2021. Barry Cottle, President and Chief Executive Officer of Scientific Games, said, "In just the last few months we have made tremendous progress on our strategic pillars, delivering on our promises, and rapidly advancing our vision to be the leading cross-platform global game company.

Scientific Games Reports Third Quarter 2021 Results

LAS VEGAS, Nov. 3, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") has acquired Authentic Gaming, a leading provider of premium live casino solutions, which marks the Company's first move into the Live Casino market and significantly enhances the Company's product portfolio. This acquisition marks another milestone in Scientific Games' strategic plan as the Company continues to execute its vision to become the leading cross platform global game company.

Scientific Games Enters Live Casino Market with Authentic Gaming Acquisition

Scientific Games (SGMS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Scientific Games (SGMS) Earnings Expected to Grow: Should You Buy?

The sale of a division isn't going over well with investors today.

Why Scientific Games Stock Dropped 15.6% on Thursday

Brookfield Business Partners

LAS VEGAS, Oct. 27, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games," "SGC" or the "Company") today announced that it has entered into a definitive agreement to sell its Lottery business to Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) ("Brookfield Business Partners") together with its institutional partners (collectively "Brookfield") for total consideration of $6.05 billion consisting of $5.825 billion in cash and an earn-out of up to $225 million based on the achievement of certain EBITDA targets in 2022 and 2023.

Scientific Games Announces Sale of Lottery Business to Brookfield Business Partners for $6.05 Billion

LAS VEGAS and ATLANTA, Oct. 20, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) announces the Missouri Lottery (the "Lottery") has awarded its longtime instant games and loyalty program provider a new, five-year primary contract with option to extend for up to five years. Scientific Games, the Missouri Lottery's primary instant game supplier since its start-up in 1986, has helped drive meaningful growth in proceeds for education in the Midwest state and positioned the Lottery as one of the Top 20 performing instant game lotteries in the world (La Fleur's 2021 Almanac, per capita sales).

Show Me State Demonstrates Education Comes First With New, Five-Year Scientific Games Lottery Contract

LAS VEGAS, Oct. 19, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) (the "Company") announced today it will release results for its third quarter ended September 30, 2021 on Tuesday, November 9, 2021, after market close. The Company will host an investor conference call and simultaneous webcast that day at 4:30 p.m.

Scientific Games to Report Third Quarter 2021 Results on Tuesday, November 9, 2021

Scientific Games Corp (NASDAQ: SGMS) has finalized a technology agreement with its lottery partner LOTTO Hessen in Germany. The financial terms of the deal were not disclosed.

Scientific Games Inks Technology Agreement With LOTTO Hessen

LAS VEGAS and ATLANTA, Oct. 12, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") has finalized a new technology agreement with longtime lottery partner LOTTO Hessen in Wiesbaden, located in central Germany. The Company will launch its new SYMPHONY gaming systems technology, migrating the AEGIS® gaming system it currently provides.

New Scientific Games Technology Modernizes Germany's LOTTO Hessen

Scientific Games (SGMS) is benefiting from regular contract wins and frequent acquisitions. State lotteries like Vermont and Pennsylvania have selected its solutions in recent times.

Scientific Games (SGMS) Up on Contract Wins and Acquisitions

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Here's Why Scientific Games (SGMS) is a Strong Growth Stock

Scientific Games Corp (NASDAQ: SGMS) has bagged the Vermont Lottery's gaming systems technology contract. The financial terms of the agreement were not disclosed.

Scientific Games Bags 10-Year Vermont Lottery Systems Contract

LAS VEGAS and ATLANTA, Oct. 7, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") announces the Company won a highly competitive procurement for the Vermont Lottery's (or the "Lottery") gaming systems technology contract, winning the new business from a global competitor. Generating maximum revenues for the State of Vermont's Education Fund, Scientific Games' advanced platforms, retail solutions products and game services will power the Vermont Lottery for 10 years through the new contract, which may be extended for up to 10 additional years.

News for Scientific Games Stock (SGMS)