Scientific Games Corp (SGC) has reported an operating net loss of US$110 million for Q4 2016 despite the group reporting its fifth straight quarter of revenue growth.
In a double whammy of news from Scientific Games the company has named Karin-Joyce Tjon Chief Operating Officer and President, and revealed that the Missouri Lottery has extended its instant games contract.
Scientific Games is at the forefront of innovation in the global lottery sector. In the lead-up to this year’s ICE Totally Gaming, Jim Kennedy, chief executive of the group’s lottery division, discusses the company’s consumer-focused approach to new game development.
Scientific Games CEO and president Kevin Sheehan has said that he wants to make the company structure more simple and efficient as the company announced a net loss of $98.9 million for the third quarter of 2016.
How the industry feels this week - a summary of the best tweets
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days.
German regional lottery operator Sächsische LOTTO-GmbH says it is planning for the future after signing new deal with Scientific Games to provide lottery retail technology after a competitive procurement process.
Having made a move towards being more focused on mobile gaming, the company behind Slingo.com and SpinGenie has doubled revenues in the past year as its Grizzly platform sees real growth.
The new one-year contract extension a mark of faith in a product which produced revenues in the 2016 financial year of $3.6bn