Gambling in the USA
Scientific Games Corporation Issues Statement on Liquidity and Cost-saving Measures

Scientific Games Corporation has issued a statement on its liquidity and cost-saving measures. The company stated that it has a strong liquidity position and has already cut more than $100 million in quarterly costs.
The company has drawn approximately $480 million under its Revolving Credit Facilities to give it maximum flexibility during these difficult times. The Company believes that the proceeds from these borrowings, when combined with cash on hand (approximately $200 million), allow it to take advantage of opportunities to strengthen the business as the industry begins to recover.
“We continue to reduce our costs so that that we can position our Company to be an even stronger competitor as the industry begins to recover. We remain committed to providing our best in class products and services to our customers across lottery, iGaming, sports betting and land-based casinos while innovating for the future. The diversity of our business, serving customers across the industry and around the globe, gives us unique strength in these challenging times,” Barry Cottle, CEO of Scientific Games, said.
SciPlay, in which the Company has an 82% shares, also has a strong liquidity position with cash on hand of approximately $130 million as of March 31, 2020, no outstanding debt and $150 million available under its Revolving Credit Facility.
The workforce cost reductions implemented by the Company, including hour and pay reductions, furloughs, and reductions in force, are expected to result in more than $50 million in cost savings in Q2, while capital expenditures in Q2 are expected to be approximately $50 million lower than previously planned. For 2020 as a whole, the Company now anticipates that capital expenditures will be in the range of $210–240 million.
The Company is planning additional cost-saving initiatives, including reductions in other operating expenses, that will lead to further potential savings.
-
Africa6 days ago
New Governing Board of the Gaming Commission of Ghana Sworn in
-
Africa7 days ago
BetKing Delivers Healthcare Services and Nutrition Support to Underserved Nigerian Communities
-
Asia7 days ago
QTech Games strengthens its elite suite with Bigpot Gaming
-
Asia6 days ago
Macau Government Extends Lottery Concession of Macau Slot Until 5 June 2026
-
Latest News6 days ago
Week 26/2025 slot games releases
-
Latest News7 days ago
DATA.BET Launches Bet Builder for Sports Betting
-
Africa6 days ago
QTech Games hires Ekaterina Mayorova as sales lead for Africa & Eastern Europe
-
Latest News7 days ago
Spillemyndigheden: 60,000 Have Self-Excluded from Gambling in ROFUS