On Thursday, Scientific Games announced results for the third quarter. And the company is reporting a handsome revenue spike of 4%.
Q3 results reflect the “strong overall performance” of its core businesses.
Third quarter instant ticket and draw game retail sales of the Company’s U.S. customers increased 4.2% and 7.6%, respectively.
But the efforts put in place beyond Q3 may ultimately prove most consequently.
Just last month, for example, Scientific Games completed the acquisition of WMS, creating a leading company in the lottery and gaming industries that will serve up an extensive range of products and services to customers throughout the world.
Additionally, the company recently extended its contract with Ladbrokes, a major U.K. bookmaker. As a result, Scientific Games will be the sole provider of approximately 9,000 server-based gaming machines to Ladbrokes through March 2019.
On October 1st, the Northstar New Jersey Lottery Group, a joint venture in which Scientific Games owns an approximate 18% equity interest, commenced marketing and sales services for the New Jersey Lottery
And just this week, Scientific Games, in conjunction with bidding partners 888 Holdings and Williams Interactive, a subsidiary of Scientific Games, launched iGaming for the Delaware Lottery and casinos, offering poker, casino table games and casino slots games.
“Our strong third quarter results and recent contract wins and extensions reflect the strength of our core businesses and our focus on delivering results,” says Chairman and Chief Executive Officer A. Lorne Weil. “We are also elated to welcome WMS employees to the Scientific Games family. Closing the WMS acquisition marks a new chapter for all of us. The strength and momentum of our combined operations establishes an excellent platform for near- and long-term growth. We are uniting two companies with highly complementary businesses and excellent management and operating talent to create a leading lottery and gaming company with a comprehensive portfolio of products and services for customers around the world.”
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