Key Developments: Scientific Games Corp (SGMS.OQ)

SGMS.OQ on NASDAQ Stock Exchange Global Select Market

13.75USD
21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Scientific Games Corp completes merger with Bally Technologies, Inc
Friday, 21 Nov 2014 12:45pm EST 

Scientific Games Corp:Says it has completed merger with Bally Technologies, Inc.Aggregate transaction value was about $5.1 billion, including refinancing of about $1.8 billion of existing Bally net debt.  Full Article

Scientific Games Corp proposes private offering of $700 mln of senior secured notes and $2,200 mln of senior unsecured notes
Wednesday, 5 Nov 2014 07:52am EST 

Scientific Games Corp:Says that its wholly owned subsidiary, Scientific Games International Inc. (SGI), intends, subject to market and other conditions, to offer $700 mln of senior secured notes due 2021 and $2,200 mln of senior unsecured notes due 2022 in a private offering.Intends to use the net proceeds of the Notes offering, together with cash and borrowings under its revolving credit facility and incremental term loans pursuant to its credit agreement, to finance its acquisition of Bally Technologies, Inc.Notes are expected initially to be issued by SGI's subsidiary, SGMS Escrow Corp.  Full Article

Scientific Games Corp secures lotto new zealand seven-year instant games contract
Tuesday, 4 Nov 2014 05:15pm EST 

Scientific Games Corp:Says that it has been awarded the contract by the New Zealand Lotteries Commission to provide instant games for Lotto New Zealand.Under the terms of the agreement, Scientific Games will work with Lotto New Zealand to grow sales of the Lottery's instant game portfolio.In addition to instant games, the company will provide Lotto New Zealand with marketing support and creative services.Seven-year contract began in Sept. 2014 and includes a one-year extension option.  Full Article

Scientific Games Corp signs contract with Tennessee Education Lottery Corporation
Monday, 3 Nov 2014 05:15pm EST 

Scientific Games Corp:Signs a new contract to continue as the exclusive provider of instant games and related services for the Tennessee Education Lottery Corporation.Under new agreement, Scientific Games will provide Lottery with an instant game portfolio as well as an integrated Cooperative Services Program (CSP).Includes instant game production, product management support, game management systems, warehousing and distribution, and a wide range of related services such as interactive content and marketing research.Contract will begin Jan. 01, 2015 with an initial term of seven years plus seven one-year extension options.  Full Article

Scientific Games Corp receives three year contract extension with Delaware Lottery for instant games and cooperative services program
Thursday, 25 Sep 2014 05:15pm EDT 

Scientific Games Corp:Says it has signed full extension of contract with Delaware Lottery to continue as provider of instant lottery games and Cooperative Services Program (CSP).Under agreement, company will continue to provide instant games to Delaware Lottery for three additional years beginning Feb. 1, 2015.Scientific Games will also continue to provide CSP services including instant game design, marketing services, warehouse management, inventory control and retail distribution.  Full Article

Scientific Games Corp awarded three-year instant game contract extension with Colorado Lottery
Monday, 8 Sep 2014 05:15pm EDT 

Scientific Games Corp:Signs extension of its contract with Colorado Lottery to continue as provider of instant lottery games and related services.Under the agreement with Colorado Lottery, Scientific Games will continue as Lottery's primary instant game provider for three additional years beginning July 01.  Full Article

Scientific Games Corp awarded two-year instant game contract extension with Minnesota Lottery
Wednesday, 13 Aug 2014 05:15pm EDT 

Scientific Games Corp:Signed an extension of its contract with the Minnesota Lottery.To continue as provider of instant lottery games.Under agreement, Company will continue as secondary instant game provider to Minnesota Lottery for two additional years beginning July 1.In addition to traditional instant games, Scientific Games also provides Minnesota Lottery with its Sciplay ecommerce solution, which facilitates sale of both draw games and eInstant games via web and mobile channels.  Full Article

Scientific Games Corp expands Asia-Pacific presence with lottery instant game contract for Taiwan Lottery
Tuesday, 12 Aug 2014 05:15pm EDT 

Scientific Games Corp:Signs new contract to provide instant games for the Taiwan Lottery Co., Ltd.Under agreement, Scientific Games will provide instant games, licensed properties and marketing services.Contract, which was awarded through formal procurement process by the TLC, expands company's leadership in Asia Pacific region.Two-year contract, which may be extended for additional two years, began June 2014.  Full Article

Scientific Games Corp to acquire Bally Technologies in transaction valued at $5.1 bln
Friday, 1 Aug 2014 07:21am EDT 

Scientific Games Corp:Enters into definitive merger agreement whereby Scientific Games has agreed to acquire all of the outstanding Bally common stock for $83.30 in cash per share, which represents a 38 pct premium to Bally's closing stock price on July 31, 2014.Aggregate transaction value is about $5.1 bln, including the refinancing of about $1.8 bln of existing Bally net debt.Transaction was unanimously approved by the boards of directors of the two companies.  Full Article

Scientific Games announces appointment of President and Chief Executive Officer
Tuesday, 10 Jun 2014 08:00am EDT 

Scientific Games Corp:Appoints Gavin Isaacs as President and Chief Executive Officer succeeding David L. Kennedy effective immediately.  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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