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

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Scientific Games Shares Expert Opinions on PASPA and Sports BettingReading 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


Source: European Gaming Media and Events

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Casino Cash Trac Named on Inc. 5000 List For Third Consecutive Year

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TULSA, Okla.Aug. 17, 2018 – Casino Cash Trac (CCT) is excited to announce that once again it has been ranked on the Inc. 5000 list. Inc. magazine announced that Casino Cash Trac ranked No. 1044 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies with an outstanding three-year sales growth of 470%.

Led by CEO Kurt Williams, Casino Cash Trac joins an elite group of companies which have been honored three years in a row. Of the tens of thousands of companies that have applied to the Inc. 5000, only one in four percent have made the list three times.

“It is truly an extraordinary accomplishment for the company. To be selected three years in a row is remarkable and I thank our employees and customers for trusting our vision,” says CCT’s CEO, Kurt Williams.  “Our teams continue to deliver the best Casino Audit System (CAS) across the country and it is amazing to work with such a talented group of individuals.”

The Inc. 500 award underscores the value of CCT’s offerings and validates their strategy of providing a cutting edge solution accompanied with extraordinary customer service.

“It is an incredible achievement to be listed among the nation’s fastest-growing companies yet again. For CCT, this honor is a direct reflection of our commitment to push ourselves to get better every day. We are thankful for the employees we have, the clients we work with and the trust they put in us every day to help them streamline their operations,” says CCT’s CRO Wanor França.

About Casino Cash Trac

Based in Tulsa, Oklahoma, Casino Cash Trac is the creator of Casino Insight™, an award-winning suite of transactional, reporting, and analytical tools designed to streamline and automate cage operations, revenue audit processes, and operations analysis. Casino Insight™ offers full integration with most casino management, food & beverage, and hotel systems, as well as most cash dispensers, kiosks, and other bank machines.

Since developing Casino Insight™ in 2012, Casino Cash Trac has helped over 130 casinos across multiple states and countries to maximize productivity and efficiency while minimizing paper waste and manual processes that are prone to human error.


Source: European Gaming Media Latest News

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Wazdan goes wild with one of Europe’s fastest growing casino companies

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Friday, August 17; 2018, Malta – Slots pioneer Wazdan has inked a deal with GoWild Gaming to provide the innovative operator with Wazdan’s full portfolio of slots, which have been attracting attention across the igaming industry all year. GoWild is a leading online gaming operator. The jungle-themed gaming brand has been leading expeditions through the wilds of the internet since 2008.

The GoWild platform currently features over 1,500 games from more than twenty carefully selected software providers including Microgaming, NetEnt, Evolution, Scientific Games, Yggdrasil, iSoftBet, Play’n GO, and now Wazdan. In addition, the platform has a sophisticated CRM system enabling GoWild to personalise promotions and content in an unprecedented manner to boost retention and customer loyalty.

Wazdan’s portfolio of over 110 HTML5 slots for desktop, tablet and mobile incorporates the Unique Wazdan Features, that include the world’s first Volatility Levels™, Energy Saving Mode, Double Screen Mode and Unique Gamble Feature which deliver outstanding player engagement and casino revenue.

Upcoming games from Wazdan include the eagerly anticipated Mayan Ritual™, a slot that explores the mystery of the lost ancient culture of the Maya; Black Hawk Deluxe, a magic and fantasy game with ghosts, skeletons and a treasure-filled castle; and, Los Muertos™, a game which celebrates the unique Mexican holiday Day of the Dead and will be released in time for Halloween.

Anthony Berningham, Director of Gaming Content at GoWild, said,”With best-of-breed content from all the leading providers on our platform, we feel the fit with Wazdan is excellent. Their world-class technology and games help to expand the gaming experience further which is why we wanted to bring them on-board. It’s our desire to provide our players with the best gaming experience possible with deals like this one.”

Head of Sales at Wazdan Andrzej Hyla said: “Our games bring a new dimension to casinos as they seek to deepen player experience and to unlock the potential of added-value built-in to technology tools like the Unique Wazdan Features. We are absolutely delighted to be joining GoWild’s platform and supporting GoWild’s ambition to provide access to the best gaming content on one platform.”

So far in 2018, Wazdan has signed with some of the biggest names in the industry including EveryMatrix, Videoslots, SlotMillions, Tipbet, Iforium, iSoftbet, Evenbets, Groove Gaming, Globalplay, Tipbet, Rabbit Entertainment, SoftGamings, and now Go Wild Gaming, amongst others. For further information visit www.wazdan.com

 

ABOUT WAZDAN:

Wazdan is a popular game producer, developing innovative casino games that deliver original, fun and truly omni-channel player experience. Offering an extensive game library of over 100 HTML5 slots, table games and video pokers, Wazdan is gaining popularity on the iGaming market thanks to the great quality of their games, interesting themes and engaging gameplay. Wazdan’s game portfolio consists of such popular titles as Great Book of Magic Deluxe, Magic Target Deluxe, Valhalla and Wild Guns and soon will extended with new amazing slot games, including Los MuertosTM, Mayan RitualTM and Captain FlyntTM, among others. Wazdan releases new, exciting titles on a regular basis and equips them with Unique Wazdan Features: innovative Volatility LevelTM, exciting Unique Gamble Feature and mobile-friendly Energy Saving and Double Screen Modes. Wazdan holds a number of  European trademarks including for their world’s-first Volatility Level TM. Their extensive portfolio of clients includes some of the top gaming operations in the industry. The company is headquartered in Malta and holds licenses issued by the UKGC, the MGA and complies with Curacao regulations. Furthermore, their games use the RNG certified by the NMi, which ensures reliable, fair and secure gameplay. Wazdan’s Sales Team is showcasing their products at SiGMA in Malta from 28 to 30 November.

 

For more information on this press please contact Ogilvy Malta on 00356 99207677 or edwin@ogilvymalta.com


Source: European Gaming Media Latest News

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Pennsylvania Gaming Control Board Reports July Monthly Fantasy Sports Contests Revenue

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HARRISBURG, Pa.Aug. 17, 2018 – The Pennsylvania Gaming Control Board today posted on its web site the July Fantasy Sports Contests revenue report. The report provides a breakdown on fees collected from the play of Pennsylvania participants, Fantasy Sports Contests operators adjusted revenue, and the tax revenue due to the Commonwealth, and can be found at www.gamingcontrolboard.pa.gov.

Tax revenue is derived through a 15% assessment on adjusted revenue reported by the Fantasy Sports Contest operators, and is deposited into the Commonwealth General Fund. In total, tax revenue generated during July totaled $131,728. Seven of the Fantasy Sports Contest operators reported tax revenue due.

Fantasy Sports revenue and tax revenue for each of the providers for July 2018 is displayed in the following tables:

Fantasy Sports Contest Provider

Fantasy Sports
Contest Adjusted
Revenue

State Tax

Due

DraftKings

$437,108.24

$65,566.24

FanDuel

$427,451.31

$64,117.70

DRAFT

$8,760.00

$1,314.00

Fantasy Draft

$1,737.19

$260.58

Yahoo Fantasy Sports

$1,627.97

$244.20

Sportshub Technologies

$1,236.16

$185.42

Boom Fantasy

$264.06

$39.61

Full Time Fantasy Sports

$0.00

$0.00

Fantasy Football Players Championship

$0.00

$0.00

Total

$878,184.93

$131,727.75

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvaniahomeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

CONTACTS: Doug Harbach or Richard McGarvey
(717) 346-8321

 

SOURCE Pennsylvania Gaming Control Board


Source: European Gaming Media Latest News

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