Scientific Games Corporation
| Public | |
| Traded as |
NASDAQ: SGMS S&P 600 Component |
| Industry | Gambling |
| Predecessor | Autotote |
| Founded | 1973 |
| Founder | John Koza, Daniel Bower |
| Headquarters | Enterprise, Nevada |
|
Key people
|
Kevin Sheehan (CEO), Ronald O. Perelman(Chairman) |
| Revenue |
 $2.8 billion USD (2015)
|
 $1.024 billion USD (2015)
|
|
|
$1.394 billion USD (2015)
|
|
| Total assets | $7.732 billion USD (2015) |
| Total equity | -$1.495 billion USD (2015) |
| Subsidiaries |
WMS Industries Bally Technologies |
| Website | scientificgames |
Kevin Sheehan (CEO),
Scientific Games Corporation is an American company that provides gambling products and services to lottery and gambling organizations worldwide. The company is headquartered in Enterprise, Nevada. Products include instant lottery games, lottery gaming systems, terminals and services, internet applications, server-based interactive gambling terminals, and gambling control systems.
Scientific Games introduced the first secure, instant lottery ticket in 1974. Through high-security techniques including complex algorithms, printing treatments, encryption and firewalls, Scientific Games ensures that no one knows where a winning ticket is. They provide lottery retailers with secure point-of-sale systems that print Mega Millions and Powerball tickets. Over the last ten years, Scientific Games has added loyalty and reward websites, where players can earn points and prizes on non-winning tickets bought at retail.
In 2012, global lottery revenues totaled $262 billion. In 2011, U.S. lottery revenues totaled $56 billion with approximately 30% of total revenues directed to government transfers. There are currently 44 states and territories in the U.S. that offer government-operated lotteries.
Two leading totalizator companies were combined in 1989 when United Tote purchased Autotote Systems, Inc. from Thomas H. Lee Before the companies' operations could be integrated, the merger was challenged by federal antitrust regulators. A 1991 court ruling forced the company to split back up. The former United Tote assets were sold back to that company's founders, the Shelhamer family, and what remained of the company was renamed as Autotote Corporation.
In 2000, Autotote Corp. bought Scientific Games Holdings Corp., the leading maker of instant lottery equipment, for $308 million. Scientific Games had been founded in 1973, and introduced the first secure instant lottery ticket in 1974. The combined company changed its name from Autotote to Scientific Games Corporation in 2001.
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Wikipedia