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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Scientific Games Corporation    SGMS

SCIENTIFIC GAMES CORPORATION

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Scientific Games : Extends Virtual Sports Content Reach with Launch of Legends Horse Racing

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07/29/2020 | 02:30pm EDT

Scientific Games Extends Virtual Sports Content Reach with

Launch of Legends Horse Racing

LAS VEGAS - July 29, 2020 - Scientific Games Corporation(NASDAQ: SGMS) ("Scientific Games" or the "Company") has added Legends Racing Series from Quantum Leap Solutions (QLS), in partnership with Racecourse Media Group (RMG) to its OpenMarket™ sports content offering.

OpenMarket aggregates leading sports content from multiple providers into one platform that digital sportsbook operators access through a single integration. From e-sports to virtual sports, the depth and range of content available on OpenMarket speeds up the innovation path for customers in regulated markets.

Legends Racing brings together the flat-racing stars from the last 50 years into a single database of 9,000 top-class horses, plus jockeys such as Lester Piggott, Willie Carson and Pat Eddery.

Legends Racing is the first daily virtual product to use real horses, in-depth form, jockeys and silks, with commentary provided by renowned racing commentator Mike Cattermole.

Keith O'Loughlin, SVP Sportsbook, Digital for Scientific Games, said: "With OpenMarket, gone are the days of multiple supplier integrations that are both costly and time-consuming. We're bringing the very best the sports world has to offer in to one single solution that creates real competitive advantage in terms of speed to market and player engagement. Since we launched OpenMarket in April, we've seen

  1. surge in demand from forward-thinking operators looking to add next-level player experiences to their offering at speed."

Mark Fellows, Business Development Director of Quantum Leap Solutions, said: "Racing is about opinions. Are you with Nijinsky or Sea The Stars, Ouija Board or Snow Fairy? We've tried to build something that simulates what might have happened had the great horses from different generations been able to race against each other. Partnering with Scientific Games and its OpenMarket content aggregation platform will allow us to offer this exciting new product to operators and racing fans across the globe."

Nick Mills, Commercial Director of Racecourse Media Group, said: "OpenMarket is a perfect home for Legends Racing. Having a sports content aggregation platform that we can integrate with and distribute from at speed was critical for us. Legends Racing is the first daily virtual product aimed at real racing fans, who can form a genuine opinion on a race using previous form and ratings. We're excited to be

involved in this project with Quantum Leap and Scientific Games and look to working with them closely

going forward."

© 2020 Scientific Games Corporation. All rights reserved.

About Scientific Games

Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.

Media Inquiries:

Media@scientificgames.com

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 can be identified by words such as "will," "may," and "should." 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, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the "SEC"), including Scientific Games' 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 February 18, 2020 (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 Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

Disclaimer

Scientific Games Corporation published this content on 29 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2020 18:30:08 UTC

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Financials (USD)
Sales 2020 2 689 M - -
Net income 2020 -459 M - -
Net Debt 2020 8 341 M - -
P/E ratio 2020 -4,17x
Yield 2020 -
Capitalization 1 914 M 1 914 M -
EV / Sales 2020 3,81x
EV / Sales 2021 3,11x
Nbr of Employees 9 800
Free-Float 50,1%
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Barry L. Cottle President, Chief Executive Officer & Director
Ronald Owen Perelman Executive Chairman
Michael Christopher Eklund CFO, Secretary, Treasurer & Executive VP
Jeff McVay Chief Information Officer
Barry F. Schwartz Independent Director
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