Scientific Games’ Revenue in 2017 Expected to Surge

Scientific Games’ Revenue in 2017 Expected to Surge

Scientific Games publicly proclaimed they expect a significant increase reflected in the revenue for 2017, compared to the annual financial outcome the year before. Namely, a 7% leap in revenues is projected for a total of $3.09 billion.

In 2016, the total revenue reached $2.89 billion. Last year saw the brand’s acquisition of NYX in December which will also amount to a certain amount of money lost – this is expected to be in the range of $238 million to $248 million. However, that would still be an improvement over 2016’s net loss that amounted to $354 million.

Also, the company expects the attributable earnings before interest, tax, depreciation and amortization for 2017 to be somewhere in the area of $325 million.

CEO Kevin Sheehan comments: “Our preliminary results for the fourth quarter 2017 reflect our focus on generating top-line growth and ongoing improvements across our gaming, lottery and interactive operations. I am proud of the dedication and success achieved by the collaborative efforts of our Scientific Games colleagues around the globe who continue to empower our customers and deliver success for all our stakeholders.”

The supplier is one of the global leaders in the iGaming industry providing cutting-edge gaming and lottery content and solutions. They offer their customers and online operators a fully integrated portfolio of technology platforms, engaging game content, professional services and marketing solutions. Their headquarters are located in Las Vegas and the company has over 8400 employees worldwide.

Source:

“Scientific Games forecasts revenue growth in 2017”, igamingbusiness.com, January 25, 2018.