Casino equipment, lottery services and online games provider Scientific Games Corp says its first-quarter aggregate revenue rose by 0.6 percent year-on-year, to US$729 million, despite a decline in the gaming segment. Such group-wide result was still a 4.3-percent fall from the fourth-quarter of 2020, according to a Monday filing.
The group said its lottery and digital businesses “delivered double-digit revenue growth” during the reporting period. Gaming revenue however “continued to be impacted by casino restrictions and closures, particularly in Europe,” stated Scientific Games.
Gaming revenue stood at US$244 million in the three months to March 31, down 23.3 percent from the prior-year period, and a 14.7-percent fall from the preceding quarter, as the segment “was impacted by Covid-19 restrictions for casinos globally,” said the gaming supplier.
Scientific Games posts stable Q1 opening to overcome Gaming unit headwinds Share
May 14, 2021
Scientific Games Corporation (SGC) has reported a stable corporate trading and performance in the first quarter of 2021 as COVID-19 pandemic headwinds continue to impact its business lines.
Publishing its Q1 trading update, SGC registered a 1% increase in group revenues to $729 million (Q12020: $725m) in line with Nasdaq firm’s trading objectives.
The group’s
SciPlay brand and Lottery division experienced the most significant revenue increases at 28% and 17% respectively, with lottery generating the largest section of revenue at $248 million.
Meanwhile, SciPlay saw its earnings increase from $118 million to $151 million whilst Digital revenue experienced a 12% improvement from $77 million to $86 million.