Scientific Games Corp
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In contrast to last year, Greenlight Capital’s performance this year has been improving. In 2018, GLRE fell 34%, vastly underperforming the markets.
ConsumerScientific Games Shares Take The Typical Merger Hit
Scientific Games shares fell by ~15% in the three days following the merger. That’s typical when a company acquires another company for a premium.
ConsumerConsolidated Scientific Games: A Stronger Management Team
The executive management team of SGMS includes President and CEO Gavin Isaacs and Executive Vice President and CFO Scott Schweinfurth.
ConsumerBally Offers Figures To Assess Pre-merger Operating Performance
Bally provided internal financial projections estimating its unlevered free cash flow to help Macquarie Capital assess its discounted cash flow.
ConsumerMacquarie Capital finds Scientific Games, Bally Merger Fair
Macquarie Capital’s opinion was provided to Bally’s board of directors in connection with its financial evaluation of the merger consideration.
ConsumerWhy The Merger Was Attractive To Bally’s Board
Merger evaluation The Bally Technologies, or Bally, board of directors closely evaluated the proposed merger with Scientific Games (SGMS) and the transactions contemplated by the merger agreement. The board considered a range of factors before approving the merger agreement and recommending that Bally’s stockholders vote to approve it. Merger consideration The $83.30 per share offered to holders of Bally’s common stock […]
ConsumerScientific Games And Bally Technologies: Stronger Together
Scientific Games, WMS Industries, and Bally each have unique portfolios with a wide variety of player preferences that could help drive revenues.
ConsumerScientific Games Merger Expected To Yield Cost Synergies
Scientific Games expects to achieve ~$220 million in cost synergies and $25 million in capital expenditure savings by consolidating operations.
ConsumerAcquisitions Help Casinos Grow Inorganically
Scientific Games agreed to buy WMS Industries for $1.5 billion, emerging as a global supplier of lottery equipment and slot machines to casinos.
ConsumerA Key Guide To Scientific Games
New York City-based Scientific Games offers customers a fully integrated portfolio of technology, platforms, content, and services.
ConsumerBackground On Bally Technologies
In 1975, slot manufacturer Bally Technologies became the first gaming company to be publicly traded on the New York Stock Exchange.
ConsumerScientific Games: Strategic Acquisition of Bally Technologies
In its merger agreement with Bally Technologies, Scientific Games agreed to acquire all outstanding Bally common stock for $83.3 cash per share.
Fund ManagersAQR Capital initiated position in Bally Technologies Inc.
AQR Capital initiated a position in Bally Technologies during the third quarter of 2014 that accounts for 0.22% of the fund’s 3Q14 portfolio.
Company & Industry OverviewsPinnacle Entertainment’s revenue-generating properties
Pinnacle Entertainment (PNK) recently completed the acquisition of Ameristar Casinos for a total consideration of $2.8 billion. This transaction added eight properties to PNK’s portfolio.
Company & Industry OverviewsBusiness overview of Pinnacle Entertainment
Pinnacle Entertainment owns and operates a poker tour as well as various gaming entertainment properties. The company also manages a racetrack.
ConsumerOverview of Pinnacle Entertainment’s 3Q14 results
Pinnacle Entertainment reported financial results for the third quarter ended September 30, 2014. The company had net revenues of $568.3 million, up 35.7% year-over-year.
ConsumerGAMCO Investors adds new stake in Bally Technologies
Mario Gabelli’s GAMCO Investors began a new position in Bally Technologies Inc. (BYI) during the third quarter. The position accounted for 0.11% of the fund’s 3Q14 portfolio.
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Consumer Must-know: The most popular casino games
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