• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 28 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Scientific Games Chairman boosts company stake to 39% with US$6.9 million share purchase

Newsdesk by Newsdesk
Mon 23 Sep 2019 at 17:27
Gaming opportunities down but Scientific Games holds steady in 2Q19 on growth in international, online segments
29
SHARES
617
VIEWS
Print Friendly, PDF & Email

Scientific Games Chairman Ron Perelman has purchased 330,000 shares in the company worth around US$6.9 million over the past week, increasing his stake to more than 39%.

According to a series of SEC filings, Perelman bought 110,000 shares early last week for a consideration of US$2.2 million before adding another 120,000 shares two days later for US$2.4 million. He then purchased an additional 100,000 shares for US$2.3 million on Monday. As a result, Perelman’s direct and indirect stake in Scientific Games now amounts to a total of 36.64 million shares worth around US$730 million.

Perelman’s most recent purchases, which saw the company’s share price spike by more than 7% on each occasion, comes after he previously purchased 110,000 shares on 17 June and 400,000 shares on 28 December 2018.

Scientific Games recently announced a widened year-on-year loss for 2Q19due to debt financing costs related to a notes offering, despite revenue for the period holding steady.

The company is also engaged in a legal dispute in Nevada with another of its major shareholders, Hong Kong’s Sylebra Holdings, for allegedly refusing to comply with requests for information related to suitability requirements. It has been suggested that Perelman’s recent purchases were specifically designed to boost the price of Scientific Games following declines as a result of the legal action against Sylebra, the company’s third largest shareholder with 8.6 million shares.

RelatedPosts

GLI set to be acquired by private equity firm CVC Capital Partners

GLI set to be acquired by private equity firm CVC Capital Partners

Wed 23 Jul 2025 at 11:35
Genting presents New York casino proposal to Community Advisory Committee, described as state’s largest IR

Genting presents New York casino proposal to Community Advisory Committee, described as state’s largest IR

Tue 22 Jul 2025 at 05:21
Ainsworth shareholder Kjerulf Ainsworth questions valuation of company property under Novomatic takeover deal

Ainsworth shareholder Kjerulf Ainsworth questions valuation of company property under Novomatic takeover deal

Mon 21 Jul 2025 at 05:41
American poker pro Michael Mizrachi just completed the greatest feat in poker history

American poker pro Michael Mizrachi just completed the greatest feat in poker history

Thu 17 Jul 2025 at 11:38
Load More
Tags: North AmericaRon PerelmanScientific GamessharesSylebra Holdings
Share14Share2
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Ainsworth completes first Philippines installations of new A-Star slots cabinet

Independent Expert says Novomatic’s US$104 million Ainsworth takeover proposal is “fair and reasonable”

by Ben Blaschke
Mon 28 Jul 2025 at 06:02

An Independent Expert tasked with assessing a plan by European gaming giant Novomatic to assume full control of Australian supplier Ainsworth Game Technology (AGT) has described the scheme as “fair and reasonable”. Despite vocal opposition by a smaller shareholder block,...

Death by a thousand cuts

Probity concern for Star as NSW regulator said to be wary of Bally’s takeover plan

by Ben Blaschke
Mon 28 Jul 2025 at 05:58

The NSW casino regulator is said to hold concerns over the planned takeover of embattled Star Entertainment Group by US casino operator Bally’s Corp, promising to run a close eye over its strategy to reverse Star’s flagging fortunes. According to...

STDM-run casino among five concessions up for grabs in Portugal as government launches tender process

STDM-run casino among five concessions up for grabs in Portugal as government launches tender process

by Ben Blaschke
Mon 28 Jul 2025 at 05:54

The Portuguese government has launched a public tender to award licenses for the operation of five casinos in three areas – Algarve, Espinho and Póvoa de Varzim – for the next 15 years. The Póvoa de Varzim casino concession is...

Winds of change

Belle Corp’s share in City of Dreams Manila gaming revenue down 18% in 1H25

by Newsdesk
Sat 26 Jul 2025 at 08:39

Philippines real estate firm Belle Corp saw its share in gaming revenue from City of Dreams Manila fall by 18% year-on-year to Php772.3 million (US$13.5 million) in the first half of 2025, reflecting the challenges currently being faced by Manila’s...

Your browser does not support the video tag.


IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語