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Scientific Games to Reschedule Investor Conference Call on Thursday, February 21, 2019 to 8:30 a.m. Eastern Time

George Miller

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Scientific Games to Reschedule Investor Conference Call on Thursday, February 21, 2019 to 8:30 a.m. Eastern Time
Photo Source: OJO Images / Rex Features
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Scientific Games Corporation announced it is rescheduling the release of results for its fourth quarter ended December 31, 2018 on Thursday, February 21, 2019 to before the market opens. The Company will host an investor conference call and simultaneous webcast that day at 8:30 a.m. Eastern Time to discuss these results. The call was originally scheduled for Thursday, February 21 at 4:30 p.m. Eastern Time. Analysts and investors on the conference call will have an opportunity to ask questions.

We encourage participants 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 call start time. To pre-register, click here: Scientific Games Investor Call.

Investor Conference Call

Thursday, February 21, 2019

8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time

Those without internet access or unable to pre-register may dial in by calling: 

All participants:  +1 (412) 317-5420

Conference ID: Scientific Games Corporation Investor Call

Webcast:

To access the live webcast of the call, please visit the Company’s website at www.scientificgames.com and click on the webcast link under the investor information section. A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website.

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

Oregon Lottery Shares its Expectations in Sports Betting

Niji Narayan

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Oregon Lottery Shares its Expectations in Sports Betting
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The Oregon Lottery, which will be in charge of running sports betting in the state, has shared its sports betting expectations. The Lottery said that it expects to generate US$141.2 million in revenue.

The estimations are part of an analysis of the first three years after the launch of its SBTech-powered retail and mobile sportsbook, which was signed last month. The Oregon Lottery said that it will launch mobile sports betting soon.

The Oregon Lottery published projections for the sports betting market and said that total handle over the first three years of operations will total US$1.6 billion. The first year of operations could bring US$332.8 million, while the second would rise to US$555 million and US$722 million by the third year.

The Lottery also said that it expects customers to win around US$306 million in the first year, US$507.4 million in the second and US$656.2 million in the third. This means that the Lottery expects winnings to total US$1.5 billion after three years.

Gross gaming revenue (GGR) would stand at US$141.2 million. It would start at US$26.6 million in the first year of the contract and then increase to US$48.5 million in the second year and US$66.1 million in the third year.

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Compliance Updates

Maine Legislature Passes Sports Betting Bill

Niji Narayan

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Maine Legislature Passes Sports Betting Bill
Image Source: playusa.com
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Maine legislature has passed the sports betting bill. The Legislative Document 553 was given final approval by each chamber of the legislature and will now pass to Governor Janet Mills to be signed into law.

LD553 opens up the market to all of the state’s bricks and mortar gaming venues, such as commercial racetracks, off-track betting facilities, and commercial and tribal casinos. It will also allow mobile operators to apply for licences without the need for a land-based partner in the state.

Successful applicants will have to pay $20,000 as licence fee, 10% tax on land-based wagering revenue and 16% rate for mobile wagering. The bulk of revenue raised through these taxes will be allocated to the Maine General Fund.

Operators will be permitted to offer odds on all professional, collegiate and amateur sports events. Betting on events involving Maine-based colleges and universities will be prohibited. Only citizens aged 21 and above will be allowed to bet.

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Gambling in the USA

Evolution Wins “Service Provider of the Year” American Gambling Award

Niji Narayan

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Evolution Wins “Service Provider of the Year” American Gambling Award
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Evolution Gaming, the leading live casino solutions provider, has been crowned the Service Provider of the Year at the inaugural American Gambling Awards 2019.

Evolution beat eight other shortlisted service providers to win this prestigious award. The award recognised the industry service provider who has had the most meaningful impact in the online gambling space over the course of the judging period.

“We are extremely proud to receive this award. It is a testament to our hard-working team, who have made it possible to rapidly ramp up services to meet our new US licensees’ growing needs,” James Stern, Chief Business Development Officer at Evolution said.

“In a short amount of time, our overall impact in the US has been remarkable, with demand for our services increasing rapidly. We are now extremely well placed to support our licensees as they acquire and grow market share in the exciting US Live Casino market,” Stern added.

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