Scientific Games Predicts Growth in 2017 Revenue

Gaming group Scientific Games has revealed their preliminary 2017 financial predictions, saying that they expect to have a 7% jump in revenues for the financial period.

The company says that they believe revenues will hit somewhere in between $3.08 billion and $3.09 billion last year, which will be up from $2.89 billion last year. Despite the revenues, there will be a loss of between $238 million to $248 million, which is due to the company purchasing NYX. Despite that huge purchase, the loss is still better than the $354 million hit the company took in 2016.

EBITDA is expected to be between $320 million and $325 million.

Speaking about the preliminary results Scientific Games CEO Kevin Sheehan said, "Our preliminary results for the fourth quarter 2017 reflect our focus on generating top-line growth and ongoing improvements across our gaming, lottery and interactive operations.

"I am proud of the dedication and success achieved by the collaborative efforts of our Scientific Games colleagues around the globe who continue to empower our customers and deliver success for all our stakeholders."

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