Scientific Games Corp is relocating its global corporate headquarters and establishing its gaming division’s primary U.S. manufacturing operations at its existing facilities in Las Vegas, Nevada.
The move is effective immediately, the U.S.-based gaming and lottery supplier said in a press release on Monday. The firm’s corporate headquarters were previously in New York, also in the United States.
“Selecting Las Vegas as our global headquarters is a natural step in the corporate evolution of Scientific Games,” president and chief executive Gavin Isaacs said in a statement.
He added: “Las Vegas is a diverse, cosmopolitan city in business friendly Nevada where we have strong roots and an extensive and growing employee base. This move will allow us to stay closely connected to our worldwide base of gaming, lottery and interactive customers.”
Mr Isaacs pointed out that the gaming development and support operations of company units Bally Technologies Inc and SHFL entertainment Inc would continue to be based in Las Vegas. Game development, engineering and other gaming support operations for WMS Industries Inc, as well as Scientific Games’ interactive division, will continue to be based in Chicago.
The operational headquarters of Scientific Games’ lottery division will remain in Alpharetta, Georgia.
Scientific Games expects all production to be transferred to the Las Vegas facilities by the summer of 2015 and anticipates closing its facilities in Waukegan, Illinois, where WMS manufacturing operations are currently based, before the end of 2015.
Scientific Games said the cost savings arising from the manufacturing consolidation and the associated costs of transferring production and corporate functions to Las Vegas were already included in the company’s previously disclosed estimate of US$235 million of expected annual cost synergies from the company’s acquisition of Bally Technologies by the end of 2016 and associated one-time costs to achieve the synergies of $80 million.
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"If the [Macau casino] concessions are put up for bid, there will also be a lot of giant Chinese companies, some having nothing to do with gaming, which would like to take over these enormously successful casinos”
Professor emeritus at Whittier Law School in California, in the United States, and a visiting professor at University of Macau