‘Solid’ Q4 growth boosts full-year revenue at Scientific Games

Gaming solutions provider Scientific Games has cited “solid growth” in the fourth quarter as one of the reasons behind a year-on-year increase in revenue during the 12 months to December 31, 2013.

The company posted fourth-quarter revenue of $401.9 million (€288 million), up from $246.8 million in the corresponding period last year.

Attributable EBITDA also grew from $89.9 million in 2012 to $130.5 million in the last 12 months, while net loss was $500,000 in comparison with a loss of $12.5 million in Q4 of 2012.

The fourth-quarter results meant that full-year revenue at Scientific Games totaled $1.1 billion, which is up from the $928.6 million achieved in the previous year.

In addition, attributable EBITDA grew from $337.8 million in 2012 to $382.5 million in 2013 while net loss was $25.6 million, compared to the loss of $43.9 million in the previous year.

David Kennedy, chief executive officer of Scientfic Games, said: “Fourth-quarter revenues reflect solid growth in our lottery business and a partial quarter of WMS results.

“We are focused on growing our customers’ revenues and capturing new growth opportunities by accelerating development of innovative content and technology and continuously improving our core competencies. 

“At the same time, we are focused on achieving the targeted cost synergies related to the acquisition of WMS and driving profit margin and cash flow improvements across all of our businesses.”

source : www.igamingbusiness.com

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