• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Isaacs promises strategic plan for Scientific Games, WMS

Jun 11, 2014 Newsdesk Industry Talk, Latest News, Top of the deck  


Isaacs promises strategic plan for Scientific Games, WMS

The new chief executive of Scientific Games Corp, Gavin Isaacs (pictured), says he wants to get a better understanding on both Scientific Games and WMS Industries Inc before creating a set of common goals for both businesses.

On Tuesday, U.S.-based gaming and lottery supplier Scientific Games appointed Mr Isaacs to succeed David Kennedy as company chief executive. Mr Kennedy will continue to serve as executive vice chairman.

Scientific Games entered the casino side of the gaming industry last year with the US$1.5-billion purchase of WMS, a leading slot machine manufacturer.

“I don’t think there is anything radical required but I think there will be some changes that I will make,” Mr Isaacs told a conference call on Tuesday following his appointment, adding that he needs to learn more about the lottery business.

“I need to come up with a strategic plan, build everyone goals around that and hold people accountable,” he said.

Mr Isaacs, 49, has more than 15 years experience in top-level executive positions with three different gaming equipment providers.

Most recently, Mr Isaacs served as CEO of SHFL entertainment Inc from April 2011 through November 2013. Last year, he helped complete the US$1.3 billion buy-out of SHFL entertainment by Bally Technologies Inc. Prior to that, he worked for Aristocrat Technologies Ltd and Bally Technologies.

Ronald O. Perelman, chairman of Scientific Games, said Mr Isaacs has the necessary skills to lead the company.

“We believe his focus on customer relationships, strategic thinking and expertise in growing innovation-focused businesses make him the ideal choice to lead our efforts to achieve greater profitability and increased cash flow,” Mr Perelman said in a statement.

The appointment of Mr Isaacs comes a day after reports that International Game Technology (IGT) is considering a sale amid challenging times and continued consolidation within the gaming supplier industry.

“I think that the desire for consolidation perhaps is a little bit overblown,” Mr Isaacs said on the conference call.

“There is a lot of speculation in some of the stocks of companies that potentially could be targets. I think there are still great opportunities in our sector but there are also a lot of distractions,” he said.


  • tweet
Related articles
  • Light & Wonder helps push Aug AGEM Index up 1.2pct m-o-m
    Light & Wonder helps push Aug AGEM...

    Sep 07, 2023  

  • IGT 2Q revenue tops US$1bln, EBITDA at US$443 million
    IGT 2Q revenue tops US$1bln, EBITDA at...

    Aug 01, 2023  

More news
  • Macau September GGR down 13pct on August: govt
    Macau September GGR down 13pct...

    Oct 01, 2023  

  • Sands China to revitalise firecracker factory, old streets
    Sands China to revitalise firecracker...

    Sep 29, 2023  


Latest News

Macau September GGR down 13pct on August: govt

Macau September GGR down 13pct on August: govt

Oct 01, 2023  

Macau’s September casino gross gaming revenue (GGR) fell by 13.2 percent month-on-month, to MOP14.94 billion (US$1.85 billion), according to a Sunday announcement from the local regulator, the...
Read More
Sands China to revitalise firecracker factory, old streets

Sands China to revitalise firecracker factory, old streets

Sep 29, 2023  

Bloomberry aims to raise up to US$99mln via share sale

Bloomberry aims to raise up to US$99mln via share sale

Sep 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The Philippines has been the primary growth driver, but really the broader Asian gaming industry is something that’s really important to us”

Matt Wilson

Chief executive of casino equipment provider Light & Wonder



Most Popular

  • Macau September GGR down 13pct on August: govtMacau September GGR down 13pct on August: govt October 1, 2023
  • Sands China to revitalise firecracker factory, old streetsSands China to revitalise firecracker factory, old streets September 29, 2023
  • S.Korea Daegu Casino fined US$776k for AML breaches S.Korea Daegu Casino fined US$776k for AML breaches  September 29, 2023
  • Light & Wonder to expand facilities in the Philippines: CEOLight & Wonder to expand facilities in the Philippines:… September 29, 2023
  • Any Macau clamp on money changing may hurt GGR: punditsAny Macau clamp on money changing may hurt GGR: pundits September 25, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us