Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games. It also leases gaming machines; provides gaming operations and licensing arrangements; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems. The company's Lottery segment designs, prints, and sells instant lottery products; designs and manufactures instant games tickets; offers instant products planning, monitoring, management system, warehousing, inventory management, distribution, marketing, and game support functions; supplies player loyalty programs, merchandising services, and interactive marketing campaigns; and sublicenses brands for lottery products and lottery-related promotional products. It also provides software, hardware, and related services for lottery operations; and lottery systems software maintenance and support services. The company's SciPlay segment sells virtual coins, chips, or bingo cards; and third-party branded games and original content through mobile and web platforms. Its Digital segment provides digital gaming, iLottery, and sports betting solutions and services, including digital RMG and sports wagering solutions, distribution platforms, content, products, and services; software design, development, licensing, maintenance, and support services; Open Platform Systems; and content aggregation platforms. The company was incorporated in 1984 and is headquartered in Las Vegas, Nevada.
IPO Year:
Exchange: NASDAQ
Website: scientificgames.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/11/2022 | $13.00 → $55.00 | Neutral | Susquehanna |
| 3/3/2022 | $45.00 → $52.00 | Underperform | Credit Suisse |
| 3/2/2022 | $71.00 → $67.00 | Hold | Deutsche Bank |
| 11/10/2021 | $39.00 → $45.00 | Underperform | Credit Suisse |
| 11/3/2021 | $84.00 → $90.00 | Buy → Hold | Stifel |
| 10/19/2021 | $98.00 | Buy | Berenberg |
| 8/10/2021 | $92.00 → $100.00 | Buy | Craig-Hallum |
| 8/10/2021 | $36.00 → $39.00 | Underperform | Credit Suisse |
| 6/30/2021 | $62.00 → $95.00 | Buy | Jefferies |
| 6/30/2021 | $68.00 → $90.00 | Buy | Truist Securities |
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Susquehanna reiterated coverage of Scientific Games with a rating of Neutral and set a new price target of $55.00 from $13.00 previously
Credit Suisse reiterated coverage of Scientific Games with a rating of Underperform and set a new price target of $52.00 from $45.00 previously
Deutsche Bank reiterated coverage of Scientific Games with a rating of Hold and set a new price target of $67.00 from $71.00 previously
Credit Suisse reiterated coverage of Scientific Games with a rating of Underperform and set a new price target of $45.00 from $39.00 previously
Stifel downgraded Scientific Games from Buy to Hold and set a new price target of $90.00 from $84.00 previously
Berenberg initiated coverage of Scientific Games with a rating of Buy and set a new price target of $98.00
Craig-Hallum reiterated coverage of Scientific Games with a rating of Buy and set a new price target of $100.00 from $92.00 previously
Credit Suisse reiterated coverage of Scientific Games with a rating of Underperform and set a new price target of $39.00 from $36.00 previously
Jefferies reiterated coverage of Scientific Games with a rating of Buy and set a new price target of $95.00 from $62.00 previously
Truist Securities reiterated coverage of Scientific Games with a rating of Buy and set a new price target of $90.00 from $68.00 previously
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Kaleyra Founder and CEO Dario Calogero to Transition to the Company's Chief Strategy Officer Upon the Appointment of His Successor as CEO Board Has Engaged Independent Executive Search Firm to Assist with the CEO Search Process Appoints Two Accomplished Executives with Decades of Experience in Telecommunications and Software to the Board of Directors NEW YORK, Dec. 12, 2022 /PRNewswire/ -- Kaleyra, Inc. (NYSE:KLR) (NYSE:KLR) ("Kaleyra" or the "Company"), an enterprise Communication Platform as a Service (CPaaS) business, today announced a CEO transition plan and significant enhancements to its Board of Directors (the "Board") to reposition the Company for sustainable growth and value creatio
Gambling.com Group Limited (NASDAQ:GAMB) ("Gambling.com Group" or the "Group"), a leading provider of player acquisition services for the regulated global online gambling industry, today announced that it has welcomed Michael Quartieri to its board of directors. Quartieri's appointment to the Board, effective as of June 30, 2022, was recommended by the Nominating and Corporate Governance Committee and approved by the Board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220706005138/en/Michael Quartieri, Gambling.com Group, Board of Directors (Photo: Business Wire) Quartieri has served as Chief Financial Officer of Dave & Buster'
Will Begin Trading on NASDAQ Under New Stock Ticker Symbol "LNW" On April 29, 2022 Light & Wonder, Inc. (NASDAQ:SGMS), formerly known as Scientific Games Corporation ("Light & Wonder" or the "Company"), today announced that the Company has completed the previously announced legal entity name change from Scientific Games Corporation to Light & Wonder, Inc. in connection with its recently announced rebranding pursuant to the sale of its Lottery business. Light & Wonder will begin trading on NASDAQ under the new ticker symbol "LNW" tomorrow, April 29, 2022. The Light & Wonder name and branding reflects the Company's strategic vision to become the leading cross-platform global game company fo
Discover new worlds of play with dynamic cross-platform content and industry-leading systems Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ:SGMS) ("Light & Wonder," "L&W" or the "Company") will showcase its new worlds of play at the Indian Gaming Tradeshow and Convention, hosted by the National Indian Gaming Association (NIGA) on April 21-22 in booth #1520 at the Anaheim Convention Center. "We're excited to introduce Light & Wonder to our partners at NIGA," said L&W Gaming CEO Matt Wilson. "This is a fantastic opportunity to showcase our compelling content and enabling technologies to drive a connected player experience across platforms." L&W will display games,
MGM's Iconic Sci-Fi Fantasy Franchise Injects Fresh Life into the Megaways Genre Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ:SGMS) ("Light & Wonder," "L&W" or the "Company") is inviting players on an unforgettable intergalactic adventure in its latest title Stargate Megaways. The first game to be released on OpenGaming™ under the new Light & Wonder name, this ambitious 6-reel slot is based on MGM's legendary sci-fi fantasy film Stargate, boasting imagery and characters from the famous franchise, as well as some truly innovative features and mechanics. Stargate has become a cultural phenomenon, capturing the imaginations of sci-fi lovers and inspiring legions o
Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ:SGMS) ("Light & Wonder" or the "Company") announced today it will release its financial results for the first quarter ended March 31, 2022 on Tuesday, May 10, 2022, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to the
Reduces principal amount of outstanding debt from $8.8 billion to $4.0 billion1 and adjusted net debt leverage ratio2 to below 3.9x from 6.2x, significantly strengthening credit profile Further enhances cash flow profile with an estimated annualized cash interest savings of $225 million3 Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ:SGMS) ("Light & Wonder" or the "Company") today announced it achieved a major milestone in transforming and deleveraging its balance sheet. The Company retired its existing $4.0 billion term loan and redeemed $3.0 billion of its secured and unsecured notes using proceeds from the divestiture of the Lottery Business and a new $2.2 bill
Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ:SGMS) ("Light & Wonder," "L&W" or the "Company") has extended its existing agreement with global sports betting, gaming and interactive entertainment group Entain through to 2030. The original agreement signed with Entain in 2018 was a landmark deal for the Company and the largest contract to date for Light & Wonder's UK gaming business. This extension has built on this successful relationship and is testament to the ongoing success of the Company's UK retail server-based gaming solution and strength of the long-term partnership with Entain. Light & Wonder will continue to supply over 10,000 terminals to Entain's lice
Operators and players across the Canadian province set to benefit from Light & Wonder's extensive catalogue of online slots, table games and partner network via its industry-leading OpenGaming™ platform Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ:SGMS) ("Light & Wonder," "L&W" or the "Company") strengthened its iGaming presence in North America after launching its leading content aggregation platform and in-house developed games in the province of Ontario, Canada. iGaming Ontario, which is a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO), launched its regulated online gaming market for private operators on April 4, 2022. Light & Wonder was am
Generates Approximately $5.8 Billion of Gross Proceeds and $5.0 Billion of Net After-Tax Cash Proceeds Materially Accelerates Debt Reduction and Supports Shareholder Returns Significantly Advances Company Towards Target Net Debt Leverage Ratio(2) Range of 2.5x to 3.5x Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ:SGMS) ("Light & Wonder" or the "Company") today completed the previously announced sale of its Lottery Business to Brookfield Business Partners L.P. for $5.8 billion in gross cash proceeds and approximately $5.0 billion of net after-tax cash proceeds.1 The sale marks a major milestone in transforming the Company and its balance sheet, delivering on one
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Scientific Games Corporation, doing business as Light & Wonder, (NASDAQ:SGMS) ("Light & Wonder" or the "Company") announced today it will release its financial results for the first quarter ended March 31, 2022 on Tuesday, May 10, 2022, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to the
Scientific Games to Be Rebranded "Light & Wonder," Reflecting Transformation to a Cross-platform Global Game Company Company Expects to Significantly De-lever, Targeting Net Debt Leverage Ratio(1) Range of 2.5x to 3.5x Company Provides Capital Allocation Strategy and Authorizes $750 Million Share Repurchase Program Lottery Divestiture Expected to Close in March(2) Providing Approximately $5 Billion in Net Cash Proceeds, Sports Betting Divestiture on Track to Close in Q2(2) Strong Double Digit Growth in Consolidated Revenue From Continuing Operations, Up 21% in 4th Quarter and Up 27% for the Full Year Scientific Games Corporation (NASDAQ:SGMS) ("Scientific Games," "SGC" or the "Company"
Scientific Games Corporation (NASDAQ:SGMS) (the "Company") announced today it will provide a business strategy update and release its financial results for the fourth quarter and full year ended December 31, 2021 on Tuesday, March 1, 2022, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. Eastern Time to discuss the update and results. Participants are encouraged to pre-register for the conference call by using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, includ
LAS VEGAS, Nov. 9, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ:SGMS) ("Scientific Games," "SGC" or the "Company") today reported results for the third quarter ended September 30, 2021. Barry Cottle, President and Chief Executive Officer of Scientific Games, said, "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. With the sale of our Lottery and Sports Betting businesses we are transforming our Company, raising $
LAS VEGAS, Oct. 19, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ:SGMS) (the "Company") announced today it will release results for its third quarter ended September 30, 2021 on Tuesday, November 9, 2021, after market close. The Company will host an investor conference call and simultaneous webcast that day at 4:30 p.m. Eastern Time to discuss these results. Participants are encouraged to pre-register for the conference call by using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call
LAS VEGAS and ATLANTA, Aug. 23, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ:SGMS) ("Scientific Games" or the "Company") announced that it has signed an agreement to acquire Sideplay Entertainment ("Sideplay"), a leading digital "eInstant" content studio, to expand Scientific Games' portfolio of iLottery content and accelerate the global market penetration of its iLottery business, subject to final regulatory approval. The combination of Sideplay's innovative portfolio of digital games and agile content distribution technology with Scientific Games' iLottery platforms and digital solutions is expected to increase player engagement and drive further growth of the Company's iLotte
LAS VEGAS, Aug. 9, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ:SGMS) ("Scientific Games," "SGC" or the "Company") today reported results for the second quarter ended June 30, 2021. Barry Cottle, President and Chief Executive Officer of Scientific Games, said, "I am very pleased that we continue to make tremendous progress on all of our key strategic pillars while also driving significant growth in the quarter. We have emerged from the pandemic a much stronger Company with significant momentum. All of our businesses grew sequentially on both the top and bottom li
LAS VEGAS, Aug. 4, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ:SGMS) ("Scientific Games" or the "Company") acquired content studio Lightning Box as the Company continues to execute on its vision to become a leading, cross-platform global game Company. This acquisition is a key step forward on the Company's strategic plan to become a content-led sustainable growth company. The Company continues to capitalize on its largest growth opportunities with a focus on digital markets. The addition of the Lightning Box studio bolsters the Company's in-house studios with ev
LAS VEGAS, July 26, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ:SGMS) (the "Company") announced today it will release results for its second quarter ended June 30, 2021 on Monday, August 9, 2021, before the market open. The Company will host an investor conference call and simultaneous webcast that day at 8:00 a.m. Eastern Time to discuss these results. Participants are encouraged to pre-register for the conference call by using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call an
LAS VEGAS, May 26, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ:SGMS) ("Scientific Games" or the "Company") strengthened its global suite of sports technology, services and content with the acquisition of SportCast, the pioneers of sports betting experiences that encompass outright betting, through to pre-match and in-play. Founded in 2013, SportCast is widely recognized as the leader in sports betting player engagement through their product experiences, technologies and pricing. They are also credited with developing the original BetBuilder product, a feature
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LAS VEGAS, Jan. 12, 2022 /PRNewswire/ -- OpenBet, the world leader in sports betting entertainment and the sports betting business of Scientific Games Corporation (NASDAQ:SGMS), has appointed two highly-experienced executives to its senior management team in a move that reinforces the quality of opportunity and exciting future that lies ahead for the company. Florian Diederichsen joins OpenBet from DAZN as Chief Technology Officer, tasked with evolving OpenBet's modular sports product offering and accelerating the next generation of sports betting entertainment through the us
LAS VEGAS, Sept. 16, 2021 /PRNewswire/ -- Scientific Games Corporation (NASDAQ:SGMS) ("Scientific Games," "SGC" or the "Company") today announced the appointment of Connie James as Executive Vice President, Chief Financial Officer, Treasurer and Corporate Secretary, effective October 15, 2021. Ms. James has served as Chief Financial Officer of Scientific Games' Gaming business since January 6, 2020. Current CFO Mike Eklund will be stepping down to pursue other opportunities and will remain with the Company until October 15, 2021. "Since joining Scientific Games, Connie has hel
LAS VEGAS, Aug. 10, 2021 /PRNewswire/ -- SciPlay Corporation (NASDAQ:SCPL) ("SciPlay" or the "Company"), a leading developer and publisher of digital games on mobile and web platforms, today announced that its Board of Directors (the "Board") has formed a special committee of independent directors (the "Special Committee") consisting of Mr. William Thompson, Mr. Gerald Cohen, and Mr. Michael Marchetti. The Board has granted the Special Committee independent authority to review and evaluate a previously announced proposal that the Board received on July 15, 2021 from Scientific Games Corporation (NASDAQ:SGMS) ("Scientific Games"), proposing that Scientific Games acquire the remaining 19% equi
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