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Scientific Games Shares Expert Opinions on PASPA and Sports Betting Opportunities in the United States

George Miller

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Scientific Games Shares Expert Opinions on PASPA and Sports Betting
Reading Time: 5 minutes

Barry Cottle, CEO SG Interactive and incoming President & CEO of Scientific Games, says:

On May 14, 2018 the Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act (PASPA), a decision that opens up a path to legalization of sports betting across the country. This decision will potentially bring about the greatest wave of gaming expansion in the United States in the past 20 years. This is certainly an exciting development for our industry, our customers and our company.

Scientific Games is uniquely equipped to help our customers capitalize on this new sports betting opportunity.

As an end-to-end supplier, we will provide operators with SG Digital’s OpenBet™, a global leading sports platform solution, and our integrated gaming and lottery systems technologies that currently support our customers around the world. I have full confidence that our Digital and Lottery teams will underpin this ruling with world-class customer service and speed-to-market solutions for all stakeholders.

Matt Davey, Group Chief Executive of SG Digital, says:

The U.S. Supreme Court’s decision today creates an unprecedented opportunity for sports betting providers and operators, and most of all sports betting enthusiasts in the US. We’re excited to see this first step toward legalization, and we are well advanced in working with our lottery and gaming partners on solutions to fit their individual needs.

The market growth expected as a result of this decision will have lasting impact on the U.S. gaming and lottery industry, and on the revenues generated for the states that participate.

While the ruling certainly benefits operators and suppliers, it’s also a fantastic development for bettors and players. Soon, they’ll have cohesive, legal, and regulated solutions that allow them to bet in a safe and protected betting environment.

Legalized sports betting is an exciting prospect for Scientific Games, and we ensure that our product offering is fully compliant with all forthcoming regulations. We plan to hit the ground running with our OpenBet product suite and our integrated systems technology to create a seamless experience for our customers and their players.

Pat McHugh, SVP Global Lottery Systems, says:

This is an historic move forward for the U.S. gaming and lottery industry. Legalized sports wagering will allow our lottery customers to provide an entertaining product to their players, all while generating significant revenue for states and lottery beneficiaries.

Beyond the excitement, legal sports betting will offer Americans the ability to place secure bets using trusted technology that meets all regulatory requirements and protects the wager, the consumer and the lottery or gaming organization.

Scientific Games is proud to be a global leader in sports betting and lottery systems technology, responsible gaming and gaming consumer research. We have long awaited this ruling, and are more than ready to help our lottery customers achieve their business goals with the combination of our OpenBet product suite – one of the top sports betting platforms in the world – and our integrated systems technology and expertise, our commitment to responsible gaming, and our deep knowledge of our lottery consumers and marketing strategy.

For more information, see our responses to frequently asked questions.

About Scientific Games:

Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The company is #1 in technology-based gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. 

Forward-Looking Statements

In this press release, Scientific Games makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as “may,” “will,” “estimate,” “intend,” “plan,” “continue,” “believe,” “expect,” “anticipate,” “target,” “should,” “could,” “potential,” “opportunity,” “goal,” or similar terminology. These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; U.S. and international economic and industry conditions; slow growth of new gaming jurisdictions, slow addition of casinos in existing jurisdictions, and declines in the replacement cycle of gaming machines; ownership changes and consolidation in the gaming industry; opposition to legalized gaming or the expansion thereof; inability to adapt to, and offer products that keep pace with, evolving technology, including any failure of our investment of significant resources in our R&D efforts; inability to develop successful products and services and capitalize on trends and changes in our industries, including the expansion of internet and other forms of interactive gaming; laws and government regulations, including those relating to gaming, data privacy, and environmental laws; legislative interpretation and enforcement, impact of, and ability to capitalize on, any court decision relating to PASPA, regulatory perception and regulatory risks with respect to gaming and sports wagering; reliance on technological blocking systems; expectations of shift to regulated online gaming or sports wagering; dependence upon key providers in our social gaming business; inability to win, retain or renew, or unfavorable revisions of, existing contracts, and the inability to enter into new contracts; protection of our intellectual property, inability to license third party intellectual property, and the intellectual property rights of others; security and integrity of our products and systems; reliance on or failures in information technology and other systems; security breaches and cyber-attacks, challenges or disruptions relating to the implementation of a new global enterprise resource planning system; failure to maintain adequate internal control over financial reporting; natural events that disrupt our operations or those of our customers, suppliers or regulators; inability to benefit from, and risks associated with, strategic equity investments and relationships; failure to achieve the intended benefits of our acquisitions, including the NYX acquisition; the ability to successfully integrate our acquisitions, including the NYX acquisition; incurrence of restructuring costs; implementation of complex revenue recognition standards or other new accounting standards; changes in estimates or judgments related to our impairment analysis of goodwill or other intangible assets; fluctuations in our results due to seasonality and other factors; dependence on suppliers and manufacturers; risks relating to foreign operations, including anti-corruption laws and fluctuations in foreign exchange rates, possibility that the renewal of LNS’ concession to operate the Italian instant games lottery is not finalized (including as the result of a protest); restrictions on the payment of dividends from earnings, restrictions on the import of products and financial instability, including the potential impact to our business resulting from the affirmative vote in the U.K. to withdraw from the EU, and the potential impact to our instant lottery game concession or VLT lease arrangements resulting from the economic and political conditions in Greece; changes in tax laws or tax rulings (including the recent comprehensive U.S. tax reform) or the examination of our tax positions; dependence on key employees; litigation and other liabilities relating to our business, including litigation and liabilities relating to our contracts and licenses, our products and systems, our employees (including labor disputes), intellectual property, environmental laws and our strategic relationships; level of our indebtedness, higher interest rates, availability or adequacy of cash flows and liquidity to satisfy indebtedness, other obligations or future cash needs; inability to reduce or refinance our indebtedness; restrictions and covenants in debt agreements, including those that could result in acceleration of the maturity of our indebtedness; influence of certain stockholders, including decisions that may conflict with the interests of other stockholders; and stock price volatility.

Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC, including the Company’s current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 1, 2018 (including under the headings “Forward Looking Statements” and “Risk Factors”). Forward-looking statements speak only as of the date they are made and, except for our ongoing obligations under the U.S. federal securities laws, we undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

Source: Scientific Games

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Affinity Gaming appoints Tony Rodio as CEO

Niji Ng

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Affinity Gaming appoints Tony Rodio as CEO
Image Source: bgunther.com
Reading Time: 2 minutes

 

Affinity Gaming, a casino operator based in Las Vegas has roped in Anthony Rodio as the Chief Executive Officer. His tenure will start immediately.

Mr. Rodio has a proven track record spanning three decades in the gaming industry. Most recently, he has as President, Chief Executive Officer and as a member of the Board of Directors of Tropicana Entertainment, Inc. He led Tropicana to unprecedented growth, improving the company’s overall financial results with net revenue increasing more than 50% through both operational improvements and further expansion into regional markets.

“We are committed to Affinity Gaming becoming a leader in the local casino market and Tony’s career accomplishments make him uniquely qualified to lead the Company in its next phase of growth and development,” said James Zenni, Chairman of Affinity’s Board of Directors and Chief Executive Officer of Z Capital Partners. “Tony is one of the top executives in the gaming industry and I’m confident that he is the right person to drive Affinity’s continued growth and enhanced commitment to the player experience. I look forward to working closely with him in this new role.”

“It is an honor to join the Affinity team and I am pleased to have the opportunity to work alongside Z Capital, an experienced and proven investor in the gaming industry,” said Mr. Rodio. “I look forward to leading Affinity in its next phase of growth and I am excited to partner with our management team and general managers to enhance the experience for our valued customers.”

 

About Affinity Gaming:
Affinity Gaming is a diversified casino gaming company headquartered in Las Vegas, Nevada. The company’s casino operations consist of 11 casinos, five of which are located in Nevada, three in Colorado, two in Missouri and one in Iowa.

 

About Z Capital Group:
Z Capital Group, L.L.C. and its subsidiaries (“Z Capital”) are a leading alternative asset management firm with approximately $2.3 billion of regulatory assets under management. For over two decades, the Partners of Z Capital have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, automotive parts, capital equipment and general manufacturing.

Z Capital creates value for its investors by collaborating with talented management teams to generate investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies. The Z Capital Private Equity Funds’ portfolio companies are within numerous industries, have aggregate annual revenues of approximately $1.3 billion, sell products in 57 countries, and have over 11,000 employees and an excess of 200,000 associates, directly and through joint ventures worldwide.

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Gambling in the USA

Kambi to offer NBA updates through in-game props

Niji Ng

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Kambi to offer NBA updates through in-game props
Photo Source: NBA.com
Reading Time: 2 minutes

 

In a first in the industry, Malta-based gaming solution provider Kambi would provide live NBA updates through in-game props. That means the players using Kambi-powered sportsbooks will get a raft of updated props hoop-by-hoop , from next field goal to total player points, as the NFL season gets underway.

The company is already offering ‘result of current drive’ in NFL and ‘nearest to the pin’ in golf. The new NBA feature would keep bettors engaged throughout, even in the event of a one-sided game. In the biggest games taking place each and every day, Kambi will be offering player props both pre-game and in-game, including in-running lines on individual player totals, with updates made with each passing minute and every field goal.

Kambi will also be offering its unique instant betting market ‘next field goal’ where bettors can wager whether the next field goal will be a two-pointer or a three-pointer, creating a fast-paced wagering experience from tip-off to final buzzer. In addition, Kambi will provide bettors with a vast array of pre-game alternative lines, as well as a selection of relevant in-game lines, enabling bettors to choose the line that they want to wager on, rather than just the money line or spread.

The complexity in offering these markets cannot be understated and sees Kambi blend official data sources with sophisticated algorithms and skilled basketball traders. “The NBA has become extremely popular over the last few years, with the game becoming faster, smarter and teams relying on analytics more than ever before,” Stefanos Moysidis, Kambi Head of Live Basketball, said.

“Superstars are dominating games with a barrage of three-pointers and bettors are increasingly wanting to wager on high-profile players and choose their own lines. At Kambi we have embraced these changes and developed our offering to cater for this new and more informed audience.”

 

Source: 5StarMedia

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Gambling in the USA

Scientific Games Wins Big During Major Gaming Entertainment Industry Events

George Miller

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Scientific Games Wins Big During Major Gaming Entertainment Industry Events
Scientific Games Executive Vice President of Sports Keith O'Loughlin, Group Chief Executive of Lottery Jim Kennedy and Group Chief Executive of Digital Matt Davey proudly display three Global Gaming Awards the Company received at the Global Gaming Expo in Las Vegas.
Reading Time: 3 minutes

 

SG Wins Best Land-Based and Digital Supplier of the Year at G2E
OpenBet™ Wins both Digital Product of the Year and Best Interactive Product of the Year
SG Lottery Wows Customers with Innovative Digital Lounge at NASPL

 

Scientific Games Corporation has received top-tier industry recognition at the 2018 Global Gaming Expo (G2E) and North American State and Provincial Lotteries (NASPL) Annual Conference, highlighting the Company’s leading position as an innovator in the gaming, lottery, digital and sports betting sectors.

The Global Gaming Awards, judged by seventy industry experts and audited by KPMG, kicked off G2E with a Scientific Games trifecta of wins: Land-Based Industry Supplier of the Year, Digital Industry Supplier of the Year, and Digital Product of the Year for SG Digital’s OpenBet™ sportsbook technology. OpenBet also received a gold medal in the Best Interactive Product category at the Gaming and Technology Awards.

Jamie Knight, Senior Game Producer, was named to the Emerging Leaders of Gaming’s 2018-2019 Class of 40 Under 40, which recognizes professionals under 40 years of age who make significant impact on the casino industry.

Additionally during G2E, Dick Haddrill, Vice Chairman of Scientific Games Board of Directors, was inducted into the Gaming Hall of Fame, and Gavin Isaacs, Vice Chairman of Scientific Games Board of Directors, received the Association of Gaming Equipment Manufacturers 2018 Jens Halle Memorial Award honoring excellence in commercial gaming professionalism.

At NASPL, the SG Digital lounge wowed customers with innovative iLottery and sports betting content and technology. The DC Lottery’s Neighborhoodsgame produced by Scientific Games won “Best New Instant Game.” Chuck Kline, Senior Vice President Lottery Licensing for Scientific Games, who is the co-creator of innovative lottery promotions and winner experiences, was inducted into the Lottery Hall of Fame with the Company maintaining its prestige for the most Hall of Fame inductees in the industry. Chuck’s work includes the recent WILLY WONKA GOLDEN TICKET™ instant linked game featuring the BILLION DOLLAR CHALLENGE™ event inspired by the beloved feature film “Willy Wonka & The Chocolate Factory.”

Barry Cottle, President and Chief Executive Officer of Scientific Games, said, “These wins demonstrate our massive momentum in the gaming entertainment industry. We strive for a strong industry reputation as a trusted and innovative provider, so to be recognized for our efforts by our peers is truly an honor. We’re particularly proud of our OpenBet awards for both best digital and interactive product of the year. These awards reinforce our commitment to provide our U.S. and global customers with leading, full-service sportsbook solutions,  signifying continued success for Scientific Games.”

Barry Cottle continued: “On top of the amazing wins for our product portfolio, the industry recognized our shining global talent. We have extraordinarily innovative employees, and it’s a thrill to see them recognized by other industry experts. Congratulations to Chuck and Jamie for these fantastic wins.”

In addition to the major wins at G2E and NASPL, Scientific Games’ Digital group received an EGR Italy Award in the Mobile Supplier category, further affirming the Company’s success at a global level.

WILLY WONKA & THE CHOCOLATE FACTORY and all related characters and elements © Warner Bros. Entertainment Inc. (s18).

© 2018 Scientific Games Corporation. All rights reserved.

 

About Scientific Games:
Scientific Games Corporation is the global leader in technology-based gaming systems, table games, table products and instant games and a leader in products, services and content for gaming, lottery and interactive gaming markets. Scientific Games delivers what customers and players value most: trusted security, creative content, operating efficiencies and innovative technology. Today, we offer customers a fully integrated portfolio of technology platforms, robust systems, engaging content and unrivalled professional services. For more information, please visit www.scientificgames.com.

Forward-Looking Statements

In this press release, Scientific Games makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will,” “may,” and “should.” These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including those factors described in our filings with the SEC, including the Company’s current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 1, 2018 (including under the headings “Forward Looking Statements” and “Risk Factors”). Forward-looking statements speak only as of the date they are made and, except for Scientific Games’ ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

 

Source: Scientific Games Corporation

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