Scientific Games’ net loss for the third quarter declined to US$59.3 million from US$98.9 million in the prior-year period, reflecting an improvement in operating income and a US$16.5 million decrease in interest expense.
The company’s operating income in the three months to September 30 soared by 170.4% year-on-year to US$90.6 million. Such increase reflected "revenue growth, a more profitable revenue mix, more effective business processes and lower depreciation and
"We are growing our businesses, expanding our product portfolio, improving our processes, enhancing our operating margin, paying down debt and delivering positive results,” the chief executive of Scientific Games, Kevin Sheehan, said.
At the end of September, Scientific Games had
"Our improved performance is enabling us to strengthen our balance sheet and lower our cost of capital,” Michael Quartieri, chief financial officer of Scientific Games, commented.
The firm’s gaming segment – which includes gaming operations, gaming machine sales, gaming systems, and table products – recorded total revenue of U$454.6 million for the three months ended September 30, up 1.4% from a year earlier.
Gaming machine sales revenue increased by 2.1% year-on-year to US$163.1 million in the third quarter, "largely due to a 30% increase in shipments of U.S. and Canadian replacement gaming machines that reflects the strong performance of the ‘TwinStar J43’ gaming machine,” Scientific Games said.
The company shipped 7,602 new gaming machines between July and September, including 4,662 new units shipped to North America customers and 2,940 units to international customers.
Source: GMB / GGR Asia
