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Dee6977  
#1 Posted : Friday, August 02, 2019 3:44:28 PM(UTC)
Dee6977

Joined: 4/2/2016(UTC)
Posts: 343
It's been a great year thus far for Software Provider Scientific Games. They recently shared their first half 2019 financials... which might I add look very promising:

Financials - January 1st to June 30th, 2019:

Revenues of $1.68 billion, up slightly from the year prior
Service revenues of $916 million, up from $876 million last year
Cost of services down to $246 million
Product sales down from $481 million to $476 million
Operating costs down to $1.43 billion
Depreciation, amortization, and impairments down to $335 million from $361 million last year

Net loss down from $208 million last year to $99 million
Net loss before tax was also down from $202 million to $88 million this year

CEO of Scientific Games, Barry Cottle had this to say, "We are pleased with the growth we are continuing to see across Lottery, Digital, and SciPlay while also stabilizing gaming operations driven by the successful launches of several new games. The second quarter really highlights the diversity of our business and the many avenues we have to generate revenue across the globe. The entire organization is laser-focused on strengthening our core business and capturing market share in emerging digital markets while making our business more efficient. These key focus areas will allow us to deliver the greatest returns for our stakeholders, set ourselves up for profitable growth, and generate significant cash flow to continue on our deleveraging path."
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