• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Perelman ups ownership in Sci Games, spends US$4.5mln

Sep 23, 2019 Newsdesk Latest News, Top of the deck, World  


Perelman ups ownership in Sci Games, spends US$4.5mln

Scientific Games Corp chairman Ronald Perelman spent nearly US$4.54 million last week to acquire an aggregate of 200,000 shares in the company, according to separate filings with the U.S. Securities and Exchange Commission.

Mr Perelman acquired a first tranche of 100,000 shares of Scientific Games at an average of US$22.41 per share, according to one of the filings. The second tranche was acquired at an average of US$22.98 apiece, according to a second filing on Monday.

The executive controls – via direct and indirect holdings – slightly more than 39 percent of the firm’s common shares.

United States-based Scientific Games is a manufacturer and supplier of gaming equipment to both the casino industry and lotteries worldwide.

In June, Mr Perelman spent more than US$6 million to acquire slightly above 300,000 shares in aggregate in Scientific Games. Since December 27, the executive – via his holdings – has spent US$17.5 million buying shares in Scientific Games.

Scientific Games said in August that its consolidated adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 1.5 percent year-on-year to US$335 million in the second quarter of 2019. The company posted a net loss of US$75 million in the three months to June 30, compared with a US$6-million loss registered in the second quarter of last year.

Scientific Games completed in May the initial public offering (IPO) of a 17.4-percent minority interest in SciPlay Corp, raising more than US$400 million. The company said it received US$301 million in proceeds from the offering, which it would use to pay down net debt, which stood at about US$8.80 billion at the end of the first half.

(Updated at 9.20am, Sept 24, to include information on latest share transaction)


  • tweet
Related articles
  • Sci Games says ‘Singing Cats’ nodded in 9 APAC markets
    Sci Games says ‘Singing Cats’...

    Jan 27, 2021  

  • Tak Chun CEO Levo Chan primed for Macau Legend board
    Tak Chun CEO Levo Chan primed for Macau...

    Nov 09, 2020  

More news
  • LT Game says 1Q Macau launch for its Jackpot Series
    LT Game says 1Q Macau launch for its...

    Jan 27, 2021  

  • Macau’s licensed junket tally down to 85: govt
    Macau’s licensed junket tally...

    Jan 27, 2021  


Latest News

Sci Games says ‘Singing Cats’ nodded in 9 APAC markets

Sci Games says ‘Singing Cats’ nodded in 9 APAC markets

Jan 27, 2021  

Gaming supplier Scientific Games Corp has told GGRAsia that its new “Jin Ji Bao Xi – Singing Cats” slot machine game (pictured) is “approved and available” in nine Asia-Pacific...
Read More
LT Game says 1Q Macau launch for its Jackpot Series

LT Game says 1Q Macau launch for its Jackpot Series

Jan 27, 2021  

Macau’s licensed junket tally down to 85: govt

Macau’s licensed junket tally down to 85: govt

Jan 27, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"We will continue supporting our people and the local communities in which we operate, reinvesting in our current markets, producing strong returns for our shareholders and aggressively pursuing new development opportunities"

Patrick Dumont

President and chief operating officer of Las Vegas Sands



Most Popular

  • Macau Covid-19 case no bar to mainland travel tiesMacau Covid-19 case no bar to mainland travel ties January 22, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
  • Yokohama announces RFP timeline for casino bidYokohama announces RFP timeline for casino bid January 22, 2021
  • China said to be expanding blacklist for overseas gamblingChina said to be expanding blacklist for overseas gambling January 27, 2021
  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us