“Across all our business units and platforms, we are relentless in our efforts to drive greater efficiency and adaptability to take advantage of new and growing markets,” Cottle said. “Scientific Games' expertise and passion for innovation is an invaluable asset, as we continue to build cutting-edge technology to enhance the player experience for both retail and digital platforms,” he added.
Elsewhere, Tim Bucher, who was previously senior vice-president and general manager of the Consumer Solutions Group at Seagate Technology, has been named executive vice-president and chief product officer across all Scientific business divisions.
Meanwhile, Scientific has announced its unaudited results for the three months to March 31, during which revenue increased but net loss more than doubled.
Revenue came in at US$811.8 million, up from US$725.4 million in the same period last year. However, operating income slipped from US$88 million to US$49.4 million and net loss jumped from US$100.8 million to $201.8 million, with comprehensive loss also rising from US$64.7 million to US$149.7 million.
Reflecting on the results, Sheehan said: “Our first quarter results reflect our strength as a global diversified gaming technology provider. With improving momentum across all our businesses, we are excited by the prospects and opportunities to smartly grow our revenue and AEBITDA during the remainder of 2018 and beyond.”
Source: GMB
