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Scientific Games Grows 7% in 2017 • This Week in Gambling
Scientific Games has reported year-on-year financial growth across all business segments for the 12 months to December 31, 2017. Revenue amounted to $3.08bn (€2.52bn), which represents an increase of 7%, or $200.2m, on the previous year. Operating income climbed from $130.6m in 2016 to $393.1m, while net loss also improved from $353.7m to $242.3m in the past 12 months. However, Scientific Games said that these improvements were partially offset by a $38.1m loss on debt financing transactions and a $139.5m decline in income tax provision “primarily related to a valuation allowance recorded against certain domestic deferred tax assets”. Elsewhere, adjusted...
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