Scientific Games Announces Q3 Increases

November 13, 2019 by

Scientific Games announced a year-on-year increase in net sales for the third quarter after seeing success across all business areas. Net revenue for three months to September 30, 2019 was $855 m (£ 667.0m/€773.9 m), relative with $821 m in the corresponding period last year. Gaming was the main source of revenue for Scientific Games in the third quarter, taking $454 m in aggregate, up 1% year-on-year from $448 m in 2018. Scientific Games reported a 10 percent spike in new gaming machine revenues in the U.S. and Canada, while income from gaming systems increased due to growing repair and service revenue from existing systems. Table goods sales also increased year-on-year to $60 m in Q3.

Scientific Games also experienced growth in its lottery division, with revenue rising 6% to $220 m. This was helped by multiple long-term contracts, such as the company being selected to provide instant win and retail equipment to the new Turkish national lottery operators, Sisal-Sans Digital, and as Sisal’s sole terminal hardware partner in Italy.

Elsewhere, online revenue rose 7 percent to $65 m, with Scientific Games showcasing the popularity of its end-to-end sports betting software range. SciPlay, the former social games division of Scientific Gaming that began trading on the Nasdaq Stock Market as part of its initial public offering in May, announced a year-on-year increase in revenue to $116 m. This was powered by increased monetisation of paying players. Operating costs are down 30.6 percent year-on-year from $1.03bn to $712 m in spending.

TOP canadian CasinosMarch 2024
#CasinoCARatingBonusPlay
1 IE allowed5/5$1000 CAD Play now
Review
2 IE allowed4.9/5$800 CAD Play now
Review
3 IE allowed4.8/5$350 CAD Play now
Review
4 IE allowed4.7/5$1600 CAD Play now
Review
5 IE allowed4.6/5$750 CAD Play now
Review

Sophie Lise

More About

Sophie Lise has spent a long time enjoying the sights and sounds that Canadian casinos have to offer, and has paid particular attention to the slots this country provides access to. She has now opted to share what knowledge and information she has managed to gather along the way, and regularly contributes to CanadianOnlineSlots.net.
Her original thinking, honest, straightforward writing style, and uncanny ability to spot the next big thing has earned her many followers, and she enjoys engaging with her audience online. Passionate about casino industry news, Sophie ensures that her readers always know what’s hot and happening.

View Posts - Visit Website