Sep 23, 2019 Newsdesk Latest News, Top of the deck, World
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)
Jan 05, 2023
Oct 11, 2022
Mar 27, 2023
Mar 27, 2023
Mar 27, 2023Tourists from overseas travelling to Macau via Hong Kong will also be eligible for a free single-leg journey by bus or ferry from participating carriers, said on Monday Macau’s tourism boss. Maria...
(Click here for more)
”Human capital constraints and skill gaps pose a key challenge for Macau to substantially reduce its high dependence on the gaming industry”
George Xu, Andrew Fennell and Jan Friederich
Analysts at Fitch Ratings