• 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

Sci Games sues HK firm to get investor disclosure: report

Jun 17, 2019 Newsdesk Latest News, Top of the deck, World  


Sci Games sues HK firm to get investor disclosure: report

Gaming equipment and lottery services provider Scientific Games Corp has filed a lawsuit in Nevada, in the United States, in an effort to make one of its largest individual shareholders – described as a Hong Kong-based firm – provide information relevant to suitability considerations by the state’s gaming regulator.

That is according to a story in specialist media outlet CDC Gaming Reports carrying a Saturday dateline.

It said Scientific Games had filed the lawsuit on Friday in Clark County District Court in Las Vegas against an entity the report referred to as Sylebra Holdings.

CDC Gaming Reports added that Scientific Games mentioned in its lawsuit Sylebra Holdings was being investigated by a number of gaming regulators in the U.S. and elsewhere, namely regarding its possible links with a Russia-based third party.

According to information on Nasdaq’s website – citing the most recently available 13F filings reporting long positions by investment managers with at least US$100 million under management – an entity called Sylebra HK Co Ltd is among the top-five institutional investors in Scientific Games, with just over 8.6 million shares.

CDC Gaming Reports said this represented a 9.34 percent stake in Scientific Games. The outlet added that under laws and regulations applying to gaming in Nevada, any investor holding 10 percent or more of a licensed gaming company was itself subject to licensing or a finding of suitability by the Nevada Gaming Control Board.

The media outlet quoted a statement from Susan Cartwright, a spokesperson for Scientific Games, saying Sylebra “has refused to supply” basic information about the investment fund’s own investors for more than two years.

She was further quoted by CDC Gaming Reports as saying: “Scientific Games has now filed a lawsuit against Sylebra in Nevada state court asking for a ruling that Sylebra be required to provide us with the information we need to maintain the integrity and transparency our regulators expect and require of us.”

In January Bloomberg reported that an entity referred to as Sylebra Capital Management had a US$1.2-billion hedge fund based in Hong Kong and that it focused on technology investments.


  • tweet
Related articles
  • L&W posts 1Q profit, gaming op revenue tops 2019 levels
    L&W posts 1Q profit, gaming op...

    May 11, 2022  

  • Sci Games shift to Light & Wonder done, ticker LNW live
    Sci Games shift to Light & Wonder...

    Apr 29, 2022  

More news
  • Tweaks to Macau gaming law keep cross-stake status quo
    Tweaks to Macau gaming law keep...

    May 17, 2022  

  • Alleged bribe offer to ex-Wynn manager probed by HK, Macau
    Alleged bribe offer to ex-Wynn manager...

    May 17, 2022  


Latest News

Tweaks to Macau gaming law keep cross-stake status quo

Tweaks to Macau gaming law keep cross-stake status quo

May 17, 2022  

The Macau government is willing to keep the current ‘status quo’ in terms of cross-shareholding in gaming operators, scrapping a previous proposal that would prevent any shareholder with a stake...
Read More
Alleged bribe offer to ex-Wynn manager probed by HK, Macau

Alleged bribe offer to ex-Wynn manager probed by HK, Macau

May 17, 2022  

Macau ops share junket deposit liability: Macau top court

Macau ops share junket deposit liability: Macau top court

May 16, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Any reduction in [Macau gaming] tax would be positive for future profits and cash flows, all else equal”

DS Kim, Amanda Cheng and Livy Lyu

Analysts at brokerage JP Morgan Securities (Asia Pacific)



Most Popular

  • Macau mulls GGR tax cut if casinos attract foreign playersMacau mulls GGR tax cut if casinos attract foreign players May 13, 2022
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan May 16, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • Macau modifies satellite owner plan, rev share ban staysMacau modifies satellite owner plan, rev share ban stays May 13, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us