Scientific Games Corporation (NASDAQ:SGMS)

Scientific Games Corporation


   Scientific Games Corporation                                                                                                                                             (NASDAQ:SGMS) might be an organization that provides recreation product and services to lottery and recreation organizations worldwide. the company is headquartered within the ny city. product embrace instant lottery games (see:Scratchcard), lottery recreation systems, terminals and services, internet applications, server-based interactive recreation terminals and recreation management systems (see: Server-based gaming).
Scientific Games introduced the first secure, instant lottery price tag in 1974.[2] Through high-security techniques further as advanced algorithms, printing treatments, cryptography andfirewalls, Scientific Games ensures that no-one is attentive to where a winning price tag is. they provide lottery retailers with secure location systems that print Mega Millions® andPowerball® tickets. Over the last ten years, Scientific Games has different loyalty and reward websites, where players can earn points and prizes on non-winning tickets bought at retail.[3]
In 2012, international lottery revenues destroyed $262 billion.[4] In 2011, U.S. lottery revenues destroyed $56 billion with a lot of or less time unit of total revenues directed to government transfers. There square measure presently forty four states and territories at intervals the U.S. that offer government-operated lotteries.[5]
Contents
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1 History
2 Acquisitions
3 Subsidiaries
4 distinction of opinion
5 See also
6 References
7 External links
History
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    Scientific Games was based mostly in 1973. At that time, only 13 states had lotteries, that were usually operated as small back-office operations and elapse political appointees international organisation agency generally had experience in social control.[6]
In 2007, the the large apple Times referable Scientific Games ANd Gtech for transforming what was well-known “historically [as] Associate in Nursing underground operation elapse mobsters” into “a profitable, state-sponsored company enterprise.”[7]
Acquisitions
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        Scientific Games was created through the merger of two companies — Autotote Systems, that started manufacturing wagering instrumentality for racetracks, and Scientific Games, that introduced the first secure instant lottery price tag in 1974.[8] In 2000, Autotote business. bought Scientific Games Holdings business., the leading maker of instant lottery instrumentality, for $308 million.[9][10] The combined company changed its name to Scientific Games Corporation the next year.[11]
By 2002, a pair of thirds of the entire $20 billion annually wagered on athletics in North America was tracked by Autotote Systems' computers.[12] Autotote equipped pari-mutuel wagering systems worldwide. These were automated, processed off-track and on-track bettingsystems for betting on horse races and sport. it fully was Associate in Nursing integrated system for off-track gambling, keeping track of race results and winning tickets, and race simulcasting.
The Autotote athletics division was sold to Sportech PLC in 2010.[13]
In 2006, Scientific Games nurtural the globe Draw, that gives server-based recreation machines to gambling shops at intervals the U.K. the company has different to its position at intervals the U.K. by deed Games Media, specializing in server-based, digital recreation and recreation solutions to U.K. pubs, in 2007 and Barcrest from IGT in 2010. Barcrest develops slot machines and game content for casinos at intervals the U.K. and completely different European markets.[14]
In solar calendar month 2013, the company united to buy for WMS Industries, the third largest manufacturer of slot machines, for $1.5 billion.[15]
Subsidiaries