Gaming solutions provider Scientific Games has unveiled plans to use its new combination with Bally Technologies to build on its success in 2014 and achieve further growth this year.
The company posted revenue of just under $1.8 billion (€1.7 billion) in 2014, up from $1.1 billion in the previous 12-month period.
Attributable earnings before interest, tax, depreciation and amortisation was also up from $382.5 million in 2013 to $556.4 million last year.
Elsewhere, Scientific Games’ total assets jumped from $4.2 billion in the previous year to just under $10 billion by the end of 2014, helped by the acquisition of online casino games and solutions firm Bally in November.
However, despite the growth, Scientific Games did post a heavy operating loss of $172.7 million, compared to just $18.3 million in the previous year.
Net loss also increased from a negative of $18.3 million in 2013 to a loss of $234.3 million in the most recent 12-month period.
Total debt also hiked from $3.2 billion to $8.5 billion.
However, Gavin Isaacs, president and chief executive officer of Scientific Games, said the company is confident about achieving further financial growth in 2015 and will use its new combination with Bally to achieve this.
“With the combination of Scientific Games and Bally, we are focused on becoming the partner of choice for gaming, lottery and interactive customers,” Isaacs said.
“To this end, we plan to launch an exciting array of new products across our Bally, WMS, Shuffle Master, Williams, Barcrest and lottery brands throughout the world in 2015.
“At the same time, as we continue to invest in developing innovative new products and services to help our customers grow their businesses, we also are just as committed to quickly implement our integration plans to realise targeted cost savings and generate growing free cash flow.
“We believe that our planned new product and service introductions will demonstrate that no other company can match the breadth and depth of our differentiated solutions to address the needs of gaming, lottery and interactive customers.
“The diversity of our products and services and the scale of our operations uniquely position Scientific Games to effectively serve our customers and achieve long-term growth.”
source : www.igamingbusiness.com
