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Scientific Games Reveals Profit in Third Quarter

8 November 2019 by Therese Williams

This story was published more than 4 years ago.

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."

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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zaLambino
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Location: SA
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14 November 2019 - 3:20am
#1

Well done to scientific Games, I love their online slots as well as thier land based games which are wry popular here in SA