Scientific Games announces 'solid' results

Scientific Games announces 'solid' results

Thursday, August 8, 2013 Totally Gaming

Gaming solutions provider Scientific Games announced a year-on-year increase in sales of $9m, to $235m, for the three months to the end of June. The 'solid' second quarter helped first half 2013 revenue reach $454.6m, slightly down from $457.2m in the same period last year. Operating income for the quarter increased from $11.4m to $12.5m year-on-year, while operating income on the period fell from $36.3m to $23.6m.

“Our business has performed well since our last update,” Lorne Weil, Scientific Games' chairman and chief executive officer, said.

"In addition to benefiting from strong US lottery retail sales, we won a number of new contracts and extensions and have made significant progress on our pending acquisition of [American lottery and gaming technology provider] WMS.

'We are also pleased with the progress we continue to make in our planning for the successful integration of WMS, while both companies remain focused on serving our respective customers and securing future business.'

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