• 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
  • IGT 2Q dividend despite operating income down 7pct
    IGT 2Q dividend despite operating...

    Aug 03, 2022  

  • IGT amends revolving credit facilities, term loan
    IGT amends revolving credit facilities,...

    Jul 28, 2022  

More news
  • Covid entry tests for mainlanders to Macau, except Zhuhai
    Covid entry tests for mainlanders to...

    Aug 09, 2022  

  • SOFTSWISS affiliate platform Affilka opts for cost-per-lead
    SOFTSWISS affiliate platform Affilka...

    Aug 09, 2022  


Latest News

Covid entry tests for mainlanders to Macau, except Zhuhai

Covid entry tests for mainlanders to Macau, except Zhuhai

Aug 09, 2022  

Starting from 1am on Tuesday (August 9), most travelling directly by air or sea to Macau from mainland China are required to take a nucleic acid test (NAT) upon arrival, plus another such test within...
Read More
SOFTSWISS affiliate platform Affilka opts for cost-per-lead

SOFTSWISS affiliate platform Affilka opts for cost-per-lead

Aug 09, 2022  

SOFTSWISS Sportsbook offering iFrame function

SOFTSWISS Sportsbook offering iFrame function

Aug 09, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”I believe it will take more than the offered concession term, 10 years, to see an appreciable increase in inflows of tourists [to Macau] from countries outside the existing tourist catchment areas”

David Green

Gaming and governance consultant at Newpage Consulting



Most Popular

  • More biz from foreigners hard for Macau casinos say expertsMore biz from foreigners hard for Macau casinos say experts August 8, 2022
  • Court tells Philippine AML body end bank heist cash freezeCourt tells Philippine AML body end bank heist cash freeze August 8, 2022
  • Bloomberry 2Q net income more than doubles q-o-qBloomberry 2Q net income more than doubles q-o-q August 8, 2022
  • Microchip lack felt by slot makers says MGEMA boss ChunMicrochip lack felt by slot makers says MGEMA boss Chun August 5, 2022
  • Japanese get visa-free S.Korea entry for August: reportJapanese get visa-free S.Korea entry for August: report August 4, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us