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Yogonet

Scientific Games expands into Live Casino via acquisition of Authentic Gaming

Scientific Games intends to further extend Authentic Gaming's product offering across the U.S. market, creating new studios and enabling the company to offer a localized product for operators across the region. The acquisition expands the company's in-house development capabilities to build Live Casino products, as well as further leverage its…

Live Gambling ・ 14 June 2022

Yogonet

Light & Wonder acquires Playzido to increase iGaming capabilities; posts revenue up 26% in Q1

Light & Wonder, the gaming products and services provider formerly known as Scientific Games Corporation, announced Tuesday that the company has significantly increased the scope of its iGaming content capabilities with the acquisition of Playzido, a dynamic content creation platform provider and game supplier. The deal comes as Light & Wonder…

Finance ・ 11 May 2022

Review Journal

Light and Wonder cites balance sheet improvement via lottery division sale

Light & Wonder used the sale of its lottery business division to pay down debt and grow its other operating segments, the company said on an earnings call Tuesday. Light & Wonder reported a net loss of $67 million, 72 cents a share, on revenue of $572 million for the quarter that ended March 31. In the same quarter in 2021, the company - then known…

Lottery ・ 11 May 2022

The Joplin Globe

SciPlay Board Elects Three New Directors

LAS VEGAS--(BUSINESS WIRE)--May 2, 2022-- SciPlay Corporation (NASDAQ: SCPL) ("SciPlay"), a leading developer and publisher of digital games on mobile and web platforms, today announced the appointment of April Henry, Charles "CJ" Prober and Constance "Connie" P. James to its Board of Directors, effective May 1, 2022. In connection with these…

Covid ・ 03 May 2022

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The Nevada Independent

Indy Gaming: Aristocrat Americas president sees convergence with online and casinos

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Tom O'Brien returned to Aristocrat…

Sports ・ 06 April 2022

Yogonet

Scientific Games' lottery services business sold to Canadian asset manager Brookfield

Investment company Brookfield Business Partners has completed its acquisition of Scientific Games' -now doing business as Light & Wonder- global lottery services business, the parties announced on Monday. The gaming business celebrated the closure of the transaction, which was valued at $6 billion. The company says it is entering its "next era"…

Lottery ・ 05 April 2022

Yogonet

Scientific Games rebrands as 'Light & Wonder' amid focus shift towards digital casino gaming

Scientific Games Corporation on Tuesday confirmed it will now do business as Light & Wonder, Inc. , a company that will focus on creating new games and omnichannel player experiences. The rebranding celebration was attended by Nevada Governor Steve Sisolak. The move comes after Scientific Games sold its lottery and sports betting businesses and…

Lottery ・ 03 March 2022

Online Poker Report

When It Comes To Casino Games, Will Wonder Beat Science?

The rate at which major brand names have been changing can be a little dizzying at times. The latest such announcement has some scratching their heads in wonder, but we'll try to shed a little light on the situation. Scientific Games, as a name, has been around for nearly a half-century. The original company by that name went into business in 1973…

Games ・ 02 March 2022

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Yogonet

Scientific Games becomes Light & Wonder amid focus shift towards digital casino gaming

Scientific Games Corporation on Tuesday confirmed it will now do business as Light & Wonder, Inc. , a company that will focus on creating new games and omnichannel player experiences. The rebranding celebration was attended by Nevada Governor Steve Sisolak. The move comes after Scientific Games sold its lottery and sports betting businesses and…

Lottery ・ 02 March 2022

Yogonet

Scientific Games buys European developer ELK Studios to boost original iGaming content

Gambling products and services provider Scientific Games Corporation has acquired European games developer ELK Studios, the company announced on Wednesday. The deal is expected to advance SG's original iGaming content offering and production capabilities, while unlocking a significant opportunity to grow its presence in digital markets. The…

Live Gambling ・ 04 December 2021

GGRAsia

Sci Games buys Authentic Gaming, enters ‘live casino’ market

Casino equipment and online games provider Scientific Games Corp has announced the acquisition of Malta-based Authentic Gaming Ltd, a provider of live casino products for the iGaming space. The terms of the deal were not disclosed in a Wednesday press release. The acquisition marks Scientific Games' first foray into the live casino market, and…

Live Gambling ・ 03 December 2021

Gambling News

Scientific Games Boosts Content Momentum with ELK Studios

Scientific Games is boosting its production capacity by adding ELK Studios, which the former has acquired in a new deal. ELK Studios is operating out of Las Vegas, which gives it strong traction in local iGaming markets as the United States seeks to expand beyond interactive wagering. Scientific has been on a roll with a number of high-profile…

Gambling Addiction ・ 02 December 2021

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SBC Americas

Scientific Games acquires ELK Studios to strengthen igaming content

Scientific Games Corporation has bolstered its igaming content offering and production capabilities with the acquisition of European games developer ELK Studios, with a focus on distribution across the North American market. Based in Stockholm, ELK Studios has a long history of producing successful titles with a mobile-first focus, including Wild…

Live Gambling ・ 01 December 2021

Gambling Insider

Scientific Games acquires ELK Studios

Scientific Games has strengthened its iGaming content offering and production capabilities with the acquisition of ELK Studios. ELK Studios is a Stockholm-based developer with a history of producing mobile-first focused games. As per the agreement, the studio will also be able to work independently to create new titles while also benefiting from…

Live Gambling ・ 01 December 2021

iGaming Business

Scientific Games completes acquisition of Elk Studios

The gaming solutions giant now will look to roll out Elk's content in the North American market, as well as continuing to strengthen its position in the UK and Europe. Terms of the deal have not been disclosed. Based in Stockholm, Sweden, Elk specialises in mobile games, and has launched titles such as Wild Toro II, Katmandu and Cygnus. It has also…

Industry ・ 01 December 2021

GGRAsia

Sci Games 3Q net income up y-o-y helped by gaming biz

Casino equipment and online games provider Scientific Games Corp said on Tuesday its third-quarter net income was US$182 million, compared to a US$117-million net loss in the prior-year period. Net income was also up sequentially by 67.0 percent. The figure included contributions from the company's continuing operations as well as from discontinued…

Sports ・ 10 November 2021

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Scientific Games enters European live casino market, plans US expansion with Authentic Gaming acquisition

Scientific Games Corporation has made its first move into the live casino space following the acquisition of live casino games supplier Authentic Gaming. The acquisition comes just a week after Scientific Games announced it had sold its lottery business to US asset management firm Brookfield Business Partners LP for US$6.05 billion, part of the…

Live Gambling ・ 07 November 2021

SBC Americas

Scientific Games acquires Authentic Gaming to boost igaming offering

Scientific Games has made its first move into the live casino market by acquiring Authentic Gaming, a provider of premium live casino solutions. The acquisition coincides with Scientific Games' strategic plan towards becoming the leading cross-platform global game company by strengthening the firm's in-house development capabilities to build…

Baccarat ・ 04 November 2021

Golden Casino News

Scientific Games ventures into Live Casino via Authentic Games takeover

Scientific Games has taken another critical step towards becoming an iGaming industry leader following its acquisition of Authentic Gaming. About the Deal Scientific Games issued a press release on Wednesday, November 3, confirming its takeover of B2B live casino software and service provider Authentic Gaming. SG explains that the acquisition of…

Live Gambling ・ 04 November 2021

European Gaming

Scientific Games Enters Live Casino Market with Authentic Gaming Acquisition

Scientific Games Corporation has acquired Authentic Gaming, a leading provider of premium live casino solutions, which marks the Company's first move into the Live Casino market and significantly enhances the Company's product portfolio. This acquisition marks another milestone in Scientific Games' strategic plan as the Company continues to execute…

Live Gambling ・ 04 November 2021

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Authentic Gaming joins Scientific Games via live casino asset

In keeping with its global expansion ambitions, Las vegas-based gambling company Scientific Games Corporation (NASDAQ: SGMS) has made its move into the live casino vertical through the acquisition of Authentic Gaming. The investment bolsters Scientific Games' in-house development capabilities to build live casino products, particularily for the…

Live Gambling ・ 03 November 2021

Gambling News

Scientific Games Acquires Authentic Gaming to Enter Live Casino Market

Provider of gaming technology and services Scientific Games (SG) announced today a new strategic move to expand into another gaming market and significantly enhance its product portfolio. Scientific Games announced it would be entering the Live Casino market via the acquisition of the provider of premium live casino solutions Authentic Gaming. The…

Live Gambling ・ 03 November 2021

Gambling Insider

Scientific Games enters live casino market with acquisition of Authentic Gaming

Scientific Games has acquired Authentic Gaming, marking the company's first foray into the live casino market. The provider has long held ambitions of becoming the go-to firm in the field of cross-platform global gaming, with this purchase bringing Scientific Games one step closer to achieving that goal. Live casinos represent a significant segment…

Live Gambling ・ 03 November 2021

Gaming Intelligence

Scientific Games acquires live casino specialist Authentic Gaming

New York-listed gaming supplier Scientific Games is entering the live casino space for the first time through the acquisition of Authentic Gaming for an undisclosed amount. The acquisition strengthens Scientific Games in-house development capabilities to build live casino products, in particular for the US market where the supplier expects to…

Live Gambling ・ 03 November 2021

Street Insider

Scientific Games (SGMS) Acquires Authentic Gaming

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") has acquired Authentic Gaming, a leading provider of premium live casino solutions, which marks the Company's first move into the Live Casino…

Baccarat ・ 03 November 2021

Review Journal

Scientific Games selling lottery business for $6.05B

Las Vegas-based Scientific Games Corp. is selling its lottery business to a private equity firm based in New York that specializes in acquisitions, the company reported Wednesday. Brookfield Business Partners LP, which operates as a subsidiary of Brookfield Asset Management Inc., and has operations in Hamilton, Bermuda, is paying $6.05 billion for…

Lottery ・ 30 October 2021

Online Poker Report

Scientific Games Sells Lottery Business To Focus On Online Casino

Even as the iGaming market seems to become more complex, with a constant influx of operators and content providers, Scientific Games Corporation (SG) is working to make its business simpler. To that end, the Las Vegas -based company announced yesterday that it reached an agreement to sell its lottery business for more than $6 billion to Brookfield…

Lottery ・ 28 October 2021

Review Journal

Global Gaming Expo G2E gathering this week in Las Vegas to see new slot machines

If there ever was a slot machine supermarket, it would be G2E. Beginning this week, gaming industry professionals will gather at The Venetian Expo to see, hear and touch what gaming manufacturers say will be the next generation of casino gadgetry designed to keep players more engaged - and to spend more of their entertainment dollar. Leaders of the…

Winnings ・ 05 October 2021

I Stock Analyst

Australian Gambling 2021: AUS Stock Market Changes, Leaders, Predictions

Australia loves to gamble, although many types of gambling activities are illegal in the country, Australia ranks 4th in the world in terms of the amount of money spent on gambling. Their total amount increased from $23.7 billion in 2016-2017 to $24.9 billion in 2017-2018. More than 80% of Australians over the age of 18 are involved in land-based…

Poker ・ 05 October 2021

The Nevada Independent

Indy Gaming: Casino operators and investors concerned about Macau plans for gaming license overhaul

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how they tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Macau casino operators finally got an answer to…

Finance ・ 22 September 2021

GGRAsia

IGT, Sci Games in cross-licensing deal on cashless gaming IP

International Game Technology Plc (IGT) and Scientific Games Corp have signed a cross-licensing agreement for patents related to cashless slot gaming technologies. The deal covers the United States' gaming market. No mention was made of whether it could eventually be extended to Asia. The announcement came in a joint press release by the two…

Law ・ 03 September 2021

Gambling News

Scientific Games Back in the Black as Divestitures Move Forward

Following a period of recurring closures and financial disruptions, Scientific Games reported a strong second quarter with over 60% growth compared to 2020. Scientific Games Corporation (SGC) reported a strong second quarter with a consolidated annual revenue increase of 63% and strong sequential growth across all businesses, according to the…

Sports ・ 10 August 2021

The Nevada Independent

Indy Gaming: Fitch Ratings revises its outlook toward Las Vegas casino recovery, sees rebound by 2023

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. Please to sign up and receive Indy Gaming in your inbox. Fitch Ratings gaming analyst Colin Mansfield waited in line patiently to sample a specialty item offered by Boon Tong Kee, one of the…

Land-based ・ 21 July 2021

GGRAsia

Social games biz SciPlay acquires Finland’s Koukoi Games

SciPlay Corp, a unit of Scientific Games Corp that develops and publishes digital games on mobile and web platforms, has acquired Koukoi Games Oy, a Finland-based developer and operator of casual mobile games. The consideration in the deal was not disclosed by SciPlay in its Wednesday statement announcing the news of the acquisition. SciPlay did…

Bingo ・ 08 July 2021

Review Journal

Scientific Games offers positive snapshot of future with IGT partnership

Las Vegas-based Scientific Games Corp. celebrated a successful end to 2020 with an announcement that the company hopes will translate to a successful future. Company executives, during a Monday earnings call with investors, touted Scientific Games' money management, improved free cash flow and revamped R&D department as highlights in a calendar…

Industry ・ 12 May 2021