Key Developments: Scientific Games Corp (SGMS.O)

SGMS.O on Nasdaq

21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Scientific Games Corp announces proposed private offering of $375.0 million of senior subordinated notes due 2021
Tuesday, 20 May 2014 09:09am EDT 

Scientific Games Corp:Says its wholly owned subsidiary, Scientific Games International, Inc. (SGI), intends, to offer $375.0 mln of senior subordinated notes due 2021 (2021 Notes) in a private offering.2021 Notes will be guaranteed by Scientific Games and certain of its subsidiaries.Scientific Games intends to use the net proceeds of the 2021 Notes offering to redeem or repurchase all of SGI's outstanding 9.25 pct Senior Subordinated Notes due 2019 (2019 Notes) and to pay accrued and unpaid interest thereon plus any related premiums, fees and costs.Also uses for general corporate.  Full Article

Scientific Games Corporation to provide national lottery of panama's first online lottery game
Friday, 2 May 2014 06:57pm EDT 

Scientific Games Corporation:Says that it has signed an amendment to its contract with Loteria Nacional de Beneficencia of Panama to provide the online lottery game, Pega 3, under the company's existing agreement with the Lottery.Created by Scientific Games, Pega 3 is scheduled to launch in June 2014 as a standard Pick 3 game.  Full Article

Scientific Games signs instant game contract with FDJ
Monday, 21 Apr 2014 05:00pm EDT 

Scientific Games Corp:signs contract with La Francaise des Jeux (FDJ), operator of French National Lottery.Scientific Games will continue to be primary supplier of instant games to FDJ.Three-year contract, which began on Jan. 1 was awarded to company following competitive procurement process.Contract includes options for Lottery to extend contract for three additional one-year periods.Revenue to Scientific Games will continue to be on price-per-unit basis.  Full Article

Scientific Games promotes Scott Schweinfurth to executive vice president and chief financial officer
Thursday, 3 Apr 2014 08:20am EDT 

Scientific Games Corp:Says that Scott D. Schweinfurth has been promoted to Executive Vice President and Chief Financial Officer of the company.Replaces Jeffrey S. Lipkin, who will help facilitate a seamless transition.  Full Article

Scientific Games Corp signs contract with north dakota lottery to provide online lottery system and player rewards program
Thursday, 6 Mar 2014 04:10pm EST 

Scientific Games Corp:Signs a new contract with the North Dakota Lottery to implement and operate an online lottery system, and to provide a range of services and marketing support.  Full Article

Scientific Games Corp signs central monitoring system contract with new mexico gaming control board
Wednesday, 29 Jan 2014 04:10pm EST 

Scientific Games Corp:Signs a contract to implement and support a Central Monitoring System for the New Mexico Gaming Control Board, an existing customer.Says under the terms of the contract, Scientific Games will provide the Scientific Games SGVideo Gaming Central Monitoring System which will monitor and control licensed video gaming terminals, located in five racinos and up to 70 non-profit locations.Says contract was awarded through a competitive procurement process, has an initial term of four years and may be extended by the Gaming Control Board for up to four additional years.  Full Article

Scientific Games Corp signs contract with Maine State Lottery to provide lottery gaming and instant ticket services
Thursday, 23 Jan 2014 04:18pm EST 

Scientific Games Corp:Says it has signed a new contract to implement and operate a complete lottery gaming system for instant and draw games, including the Sciplay interactive platform, as well as to provide instant ticket printing and a Cooperative Services Program for the Maine State Lottery.Says Under the terms of the contract, Scientific Games is responsible for installing and supporting terminals, terminal communications and point of sales equipment for about 1,300 WAVE lottery retail terminals.Says it will also provides instant game design, marketing services, warehouse management, inventory control and retail distribution services.The contract, which was awarded through a competitive procurement process, is scheduled to begin Apr. 27 and extends through June 30, 2020, and may be extended by the Lottery for additional periods.  Full Article

Scientific Games Corp sells stake in Sportech PLC
Thursday, 9 Jan 2014 03:55am EST 

Scientific Games Corp:Says the sale of 39,742,179 shares of Sportech PLC for gross cash proceeds of 27.8 million pound.Says the sale represents all of the shares of Sportech owned by the company.Says the shares are being sold pursuant to Regulation S of the United States Securities Act of 1933, as amended.Says settlement is expected to take place on Jan. 14.  Full Article

Scientific Games Corp Announces Management Change
Tuesday, 19 Nov 2013 08:30am EST 

Scientific Games Corp announced that its Board of Directors has appointed David L. Kennedy as Chief Executive Officer, who will succeed A. Lorne Weil effective immediately. The Board of Directors also determined to separate the roles of Chairman and Chief Executive Officer and has appointed Ronald O. Perelman as its Chairman.  Full Article

Scientific Games Corp Extends Key Supply Agreement With Ladbrokes
Friday, 25 Oct 2013 02:30am EDT 

Scientific Games Corporation announced that its SG Gaming U.K. division has extended its contract with U.K. bookmaker Ladbrokes to be the sole provider of server-based gaming machines to its U.K. estate of nearly 2,250 shops through March 31, 2019. Under the terms of the contract, SG Gaming U.K. will be responsible for the supply and service of gaming machines, including the provision of approximately 9,000 of SG Gaming's new and advanced Clarity gaming machines with additional touch screens and improved customer relationship management (CRM) capabilities, which are expected to be installed during the first half of 2014.  Full Article

Scientific Games, Tibco puts spotlight on overlevered LBOs

NEW YORK, Nov 21 (IFR/TRLPC) - Banks are not shying away from underwriting highly leveraged buyouts even as the buyside balks at some recent deals deemed to have too much debt and regulators continue to warn lenders to keep leverage levels in check.

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