Scientific Games Reveals Profit in Third Quarter

Betting firm Scientific Games has posted their third quarter 2019 financials, noting that revenues were up 4% for the period.

Key financial indicators for the period ending September 30th, 2019 were:

  • Net revenue up 4% to $855 million
  • Gaming revenues up 1% to $454 million
  • New gaming machine sales up 10%
  • Table gaming product revenue up $8 million
  • Lottery division revenue up 6% to $220 million
  • Digital revenue up 7% to $65 million
  • Operating costs down 30.6% to $712 million
  • Net income of $18 million, up from a loss of $352 million last year

Speaking about the results Scientific Games CFO Michael Quatieri said, "Our products grew the top-line, and operating leverage was driven by business improvements. We believe there are a number of avenues for further growth driven by share gains and new market opportunities.

"We remain firmly committed to maximise cash flows and deliver our balance sheet."

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zaLambino
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Location: SA
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14 November 2019 - 3:20am
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Well done to scientific Games, I love their online slots as well as thier land based games which are wry popular here in SA

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