Scientific Games Reports Fourth Quarter and Full Year 2020 Results
Sequential improvement in consolidated results, record full year revenue at SciPlay, Lottery and Digital
Strong execution across diverse portfolio, continued to make operational progress against strategy
Disciplined cost and balance sheet management
Generated $159 million of operating cash flow and $72 million of free cash flow
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LAS VEGAS, March 1, 2021 /PRNewswire/ Scientific Games Corporation (NASDAQ: SGMS) ( Scientific Games , SGC or the Company ) today reported results for the fourth quarter and full year ended December 31, 2020.
Barry Cottle,
CEO and President of Scientific Games, said, While 2020 certainly had unforeseen challenges, I couldn t be more proud of our team for successfully navigating through them. The strong execution coupled with the diversity of our business enabled positive cash flow. As we start off the year, I am truly exc
/PRNewswire/ SciPlay Corporation (NASDAQ: SCPL) ("SciPlay" or the "Company") today reported results for the fourth quarter and year ended December 31, 2020..
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LONDON and LAS VEGAS, March 1, 2021 /PRNewswire/ International Game Technology PLC ( IGT ) (NYSE: IGT) and Scientific Games Corporation ( Scientific Games ) (NASDAQ: SGMS), today announced that they have signed a cross-licensing agreement for patents related to cashless slot gaming technologies. Under the agreement, Scientific Games and IGT will be able to offer patented cashless gaming technologies from the companies combined portfolios of casino management systems solutions to the U.S. gaming industry. Financial terms of the agreement have not been disclosed.
As a result of this agreement, operators will now be able to unlock the industry s most compelling portfolio of cashless gaming technologies. By combining the strongest features of each Company s cashless gaming patent portfolio, IGT and Scientific Games are providing a solution for the gaming industry to quickly increase adoption of cashless technology.
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