• 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

R&D investment paying off for Sci Games: Mooberry

May 19, 2017 Newsdesk Latest News, Top of the deck, World  


R&D investment paying off for Sci Games: Mooberry

Scientific Games Corp reported an increase in global shipments of new gaming machines and higher sales of table products in the first quarter of 2017, as the firm continues to widen its offering.

“We are seeing the fruits of all of our R&D [research and development] investments,” said Derik Mooberry (pictured), Scientific Games group chief executive for gaming.

“Customers are responding well to how our products are performing in their casinos and that’s translating into sales and leases of a lot of our equipment,” Mr Mooberry told GGRAsia. He was speaking on the sidelines of Global Gaming Expo (G2E) Asia 2017, held in Macau from May 16 to 18.

Scientific Games recorded total revenue of U$440.0 million in its gaming segment for the three months ended March 31, up 4.3 percent from a year earlier. The segment includes gaming operations, gaming machine sales, gaming systems and table products.

Gaming machine sales revenue increased by 16.1 percent year-on-year to US$156.2 million in the first quarter. The company shipped 8,359 new gaming machines between January and March, including 5,862 new units shipped to North America customers and 2,497 units to international customers.

Revenue from sales of table products increased 15.8 percent year-on-year, to US$49.9 million in the first quarter of 2017.

“That’s a sign of good momentum, we are really starting to hit full stride and feel really good about the products that we have available,” said Mr Mooberry, referring to the quarterly results as a whole.

Scientific Games has also benefited in the quarter from its acquisition of Canadian gaming supplier DEQ Systems Corp. That deal – valued at CAD27.2 million (US$20.0 million) – closed in January this year.

“The acquisition of DEQ has been great. They have a couple of really strategic products: they’ve got some great progressive products for table games and the distribution agreement for the EZ Baccarat game,” said the Scientific Games executive.

“We are very pleased with that acquisition. The sales team has embraced those [DEQ] products and we now look at selling those at a global basis,” added Mr Mooberry.

Scientific Games, originally a specialist in lottery equipment and management, in November 2014 acquired slot machine and floor management systems specialist Bally Technologies in a transaction valued at US$5.1 billion. The deal came approximately one year after Bally Technologies acquired Nevada-based table games equipment and slot machine supplier SHFL entertainment Inc in a US$1.3-billion transaction. Also in 2013, Scientific Games purchased top-four U.S. slot supplier WMS Industries for US$1.5 billion.

Commenting on possible new acquisitions in the near term, Mr Mooberry said: “We look at strategic targets all the time and where we see a company that can help us add value to our portfolio – and ultimately to our shareholders – we look to see if it makes business sense.”


  • tweet
Related articles
  • Sci Games sees quarterly loss narrow sequentially in 3Q
    Sci Games sees quarterly loss narrow...

    Nov 05, 2020  

  • Covid-19 ups cashless casino tech role: Sci Games CEO
    Covid-19 ups cashless casino tech role:...

    Oct 28, 2020  

More news
  • Digital yuan eventually for Macau mass bets mulls Bernstein
    Digital yuan eventually for Macau mass...

    Jan 22, 2021  

  • Macau Covid-19 case no bar to mainland travel ties
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  


Latest News

Digital yuan eventually for Macau mass bets mulls Bernstein

Digital yuan eventually for Macau mass bets mulls Bernstein

Jan 22, 2021  

Were China’s central government-backed digital yuan (CNY) to be adopted in Macau for casino chip transactions, it could in the long run benefit mass and premium-mass play, as cross-border money...
Read More
Macau Covid-19 case no bar to mainland travel ties

Macau Covid-19 case no bar to mainland travel ties

Jan 22, 2021  

Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Investors see 2H Macau gain, rebound 2022: BernsteinInvestors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021
  • Melco likely to take on more debt for expansion: Moody’sMelco likely to take on more debt for expansion: Moody’s January 20, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us