Scientific Games completes DEQ Systems acquisition
Casino equipment and lottery services firm Scientific Games Corp announced on Wednesday that it has completed the acquisition of Canadian gaming supplier DEQ Systems Corp. The transaction will be accretive to Scientific Games’ earnings and operating cash flow in 2017, the firm said in a press release.
Scientific Games had announced in September a definitive agreement to acquire DEQ for a total consideration of CAD27.2 million (US$20.5 million).
Scientific Games said the acquisition complements its product portfolio for casinos by adding more proprietary table games and table progressive systems and electronic table systems.
DEQ provides table-game-bonusing technology, table games, baccarat results tracking and jackpot connectivity products to more than 300 casinos in 30 countries, according to its corporate website.
“DEQ’s table product portfolio, presently established in more than 300 casinos worldwide, expands the depth and breadth of our proprietary table games offering and table progressive systems solutions for casino operators,” said in a statement Derik Mooberry, group chief executive of gaming at Scientific Games.
Mr Mooberry said that the addition of DEQ’s library of table games, table progressives and random bonusing systems would enhance Scientific Games’ recurring revenue base. The executive added that Scientific Games is especially excited about EZ Baccarat, described in the press release as the “world’s leading baccarat brand with over 800 table games in 150 casinos across the globe”.
Latest News
G2E Asia 2023: Singapore
-
Alfastreet’s new Verso cabinet heading to Asian markets Alfastreet, a manufacturer of electronic gaming machines,... -
Sega Sammy Creation growing land-based, eyes online Casino equipment maker Sega Sammy Creation Inc is tweaking... -
iGaming growing in Asia, ops tackling challenges: Uplatform The iGaming segment in Asia “has grown rapidly” since... -
‘See before you play’ slot marketing tool, say tech... Showing slot machine players – via animations on the... -
Macau stocks tied to China outlook: Bloomberg analyst Macau stocks in likelihood “have been punished too much... -
Investors still eye possible fresh IR locations in Japan:... There are foreign companies still interested in investing... -
Thai casino law possible in 2024, IR in 2030: govt adviser Thailand could pass the necessary enabling legislation for... -
China still ‘critical’ to Asian markets: G2E Asia panel China will remain a key market for Asian gaming... -
Much interest in state casinos sale, says Pagcor boss Alejandro Tengco (pictured in a file photo), chairman and... -
Gaming industry in for a very exciting period: Bill Miller There are “plenty of reasons” for the global gaming... -
IGT flags route to high-performing games for Asia Gaming equipment provider International Game Technology Plc... -
G2E Singapore trade show, conference begins today The Global Gaming Expo (G2E) Asia 2023 Special Edition:... -
Novomatic’s Black Edition II cabinets at G2E in Singapore Austria-based gaming equipment maker and operator Novomatic... -
Uplatform to show latest iGaming products at G2E Singapore Sports betting and online casino operating platform... -
L&W ambition to be No1 in Asia well on its way: SVP... The business performance in Asia of gaming content and... -
G2E Singapore expecting 6k visitors, 100+ exhibitors The organisers of Global Gaming Expo (G2E) Asia 2023... -
‘Dragon Unleashed’ slot link by L&W at G2E in... Gaming content and equipment supplier Light & Wonder... -
Sega Sammy Creation new multi-ETG at G2E in Singapore Casino equipment maker Sega Sammy Creation Inc is to... -
Aristocrat at G2E Asia in Singapore previews Year of Dragon Casino slot machine and digital gaming content provider... -
IGT ‘Prosperity’ link in Asia show debut G2E in... The Global Gaming Expo (G2E) Asia event in Singapore is the... -
Thai parliament adviser on casinos attending G2E Singapore An adviser to a Thailand parliamentary committee mulling...
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
MBS en route to US$500mln quarterly EBITDA: LVS boss June 1, 2023 
Macau May GGR tops US$1.9bln, up 6pct from Apr: govt June 1, 2023 
Lam Yi Young resigns as deputy CEO Resorts World Sentosa June 2, 2023
