Casino equipment, lottery services and online games provider Scientific Games Corp said in a Monday filing that its fourth-quarter net loss narrowed to US$84 million compared to US$111 million in the third quarter.
The fourth quarter figure was higher than the US$37-million loss posted a year earlier, with the company saying it was a result of “lower revenue” in the final quarter of 2020.
Scientific Games recorded revenue of US$762 million for the three months ended December 31, 11.7 percent lower than in the fourth quarter of 2019. The firm stated the decline in revenue was related to a decline in sales in its gaming segment as these were “impacted by Covid-19 restrictions for casinos globally”.
Scientific Games Reports Fourth Quarter and Full Year 2020 Results
Sequential improvement in consolidated results, record full year revenue at SciPlay, Lottery and Digital
Strong execution across diverse portfolio, continued to make operational progress against strategy
Disciplined cost and balance sheet management
Generated $159 million of operating cash flow and $72 million of free cash flow
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LAS VEGAS, March 1, 2021 /PRNewswire/ Scientific Games Corporation (NASDAQ: SGMS) ( Scientific Games , SGC or the Company ) today reported results for the fourth quarter and full year ended December 31, 2020.
Barry Cottle,
CEO and President of Scientific Games, said, While 2020 certainly had unforeseen challenges, I couldn t be more proud of our team for successfully navigating through them. The strong execution coupled with the diversity of our business enabled positive cash flow. As we start off the year, I am truly exc
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Seven schoolgirls, part of a clique dubbed The Sins, become the lethal target of an unknown killer after a harmless prank goes horribly wrong.
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