Scientific Games appoints former SHFL head as new CEO

Bloomberg – Scientific Games Corp. (SGMS), the slot machine supplier controlled by billionaire Ronald Perelman, appointed former SHFL Entertainment Inc. Chief Executive Officer Gavin Isaacs as its CEO today. Isaacs replaces David Kennedy, who had held the position since November, the New York-based company said in a statement today. Kennedy will remain at Scientific Games as executive vice chairman. Isaacs, 49, takes over as the gambling device industry faces weak consumer spending, casino gluts in some markets and consolidation. SHFL, a Las Vegas-based maker of shuffling machines and gaming equipment, was bought last year by rival Bally Technologies Inc. (BYI)…

SHFL Entertainment reports record revenues

From iGaming Business Global gaming supplier SHFL Entertainment Incorporated has released its financial results for the three months to the end of April showing that its total revenues for the period grew by 17 percent year-on-year to reach a record $77.4 million. Las Vegas-based SHFL Entertainment stated that its utility, electronic gaming machine and proprietary table games businesses ‘all saw double-digit growth over the same period last year’ while recurring revenues grew by eight percent year-on-year to $31.2 million. SHFL Entertainment revealed that quarterly net income improved by 22 percent year-on-year to a record $11.8 million while its gross margin,…