• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 1 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
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
No Result
View All Result
IAG
No Result
View All Result

Gaming segment leads strong recovery for Scientific Games in 3Q21 following sale of lottery, sports betting businesses

Newsdesk by Newsdesk
Wed 10 Nov 2021 at 06:38
Scientific Games reports US$198 million loss in 2Q20 but maintains positive EBITDA on iGaming growth
22
SHARES
562
VIEWS
Print Friendly, PDF & Email

Global gaming giant Scientific Games recorded a 25% increase in revenue from continuing operations to US$539 million in 3Q21, primarily attributable to momentum in the North American market.

According to the company’s September quarter results release, the Gaming Ops, Game Sales and Tables business all recorded strong gains compared with 3Q20, while revenues in Scientific Games’ iGaming business soared by 109% in the US, lifting market share to 27%.

Gaming revenue grew 47% year-on-year to US$339 million and iGaming by 3% to US$53 million although SciPlay fell by 4% to US$147 million due to a “temporary event” related to one of its social casinos. Scientific Games said it expects SciPlay to return to both year-on-year and sequential growth in the fourth quarter.

The company’s Q3 revenue result did not incorporate contributions from its lottery and sports betting businesses, which were both recently sold for a combined price of more than US$7 billion. Including discontinued operations, revenue was up 18% year-on-year to US$824 million.

Net income for the period was US$100 million, reversing a US$187 million loss in 3Q20, while Adjusted EBITDA from continuing operations was US$203 million.

“In just the last few months we have made tremendous progress on our strategic pillars, delivering on our promises and rapidly advancing our vision to be the leading cross-platform global game company,” said Scientific Games President and CEO, Barry Cottle.

“With the sale of our Lottery and Sports Betting businesses we are transforming our company, raising US$7 billion which will significantly de-lever the balance sheet and enable us to invest for growth. With our streamlined organization we have all of the pieces in place and are singularly focused on building games fully cross-platform.

“Operationally we also made great strides in the quarter, further cementing the turnaround at our Gaming business, strengthening our leadership position in iGaming and making great progress expanding in Casual at SciPlay. I want to thank all of our teams around the world for their hard work and commitment and for what they have enabled us to accomplish.”

RelatedPosts

Genting Malaysia’s New York subsidiaries price an additional US$100 million senior notes as equity raising continues

Genting Malaysia says full casino operations could be launched within six months if New York bid successful

Tue 1 Jul 2025 at 06:11
FBM launches slot title “Croc’s Lock” into Mexico

FBM launches slot title “Croc’s Lock” into Mexico

Fri 27 Jun 2025 at 06:00
DATA.BET adds Bet Builder for sports 

DATA.BET adds Bet Builder for sports 

Thu 26 Jun 2025 at 19:20
Light & Wonder sets new US$2 billion Adjusted EBITDA target for 2028

Light & Wonder earns small US courtroom victory in ongoing Aristocrat trade secrets battle

Thu 26 Jun 2025 at 06:00
Load More
Tags: Barry CottleGaminglotteryNorth AmericaScientific GamesSciPlaysports betting
Share9Share2
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
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

PAGCOR donates US$888 million to Bureau of Immigration to help fund deportation of former POGO workers

PAGCOR donates US$888 million to Bureau of Immigration to help fund deportation of former POGO workers

by Newsdesk
Tue 1 Jul 2025 at 08:54

Philippine gaming regulator PAGCOR has approved a Php50 million (US$888 million) grant to the Bureau of Immigration (BI) to fund the ongoing deportation of foreign workers previously employed by illegal offshore gaming operators, or POGOs, it revealed Tuesday. In a...

Global operators asked to register interest as New Zealand moves forward with online gambling regulation

New Zealand introduces Online Casino Gambling Bill to parliament

by Newsdesk
Tue 1 Jul 2025 at 06:14

New Zealand’s Minister of Internal Affairs Brooke van Velden has officially introduced the country’s Online Casino Gambling Bill to the House of Representatives. The bill, which aims to regulate New Zealand’s online gambling market by offering up to 15 licenses...

Genting Malaysia’s New York subsidiaries price an additional US$100 million senior notes as equity raising continues

Genting Malaysia says full casino operations could be launched within six months if New York bid successful

by Ben Blaschke
Tue 1 Jul 2025 at 06:11

Genting Malaysia said Monday that it could launch table game and complete slot machine operations at its New York casino, Resorts World New York City (RWNYC), should it win one of three full casino licenses on offer in New York....

Konami Gaming promotes Tom Jingoli to President and COO, now also Managing Director of Konami Gaming Australia

Konami Gaming promotes Tom Jingoli to President and COO, now also Managing Director of Konami Gaming Australia

by Newsdesk
Tue 1 Jul 2025 at 06:08

Japanese gaming supplier Konami Gaming, Inc has announced the promotion of long-time executive Tom Jingoli to President and COO of the company, as well as Managing Director of subsidiary Konami Gaming Australia Pty Ltd. Steve Sutherland, CEO of Konami Gaming...



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

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
  • 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.

  • English