Scientific Games forecasts revenue growth in 2017

Scientific Games has said that it expects to post a 7% year-on-year increase in revenue for the 12 months to December 31, 2017.

In a preliminary results announcement, Scientific Games said revenue looks set to come in at between $3.08bn (€2.49bn) and $3.09bn for the past year, up from $2.89bn in 2016.

Full year net loss is expected to be in a range of approximately $238m to $248m, primarily due to the costs associated with the acquisition of NYX Gaming Group, which was completed earlier this month.

However, the forecast loss is still lower than the net loss of $354m recorded in 2016.

Elsewhere, Scientific Games said that attributable earnings before interest, tax, deprecation and amortisation in likely to rise from $1.1bn in 2016 to a range of between $320m and $325m for the past year.

Kevin Sheehan, chief executive and president of Scientific Games, said: “Our preliminary results for the fourth quarter 2017 reflect our focus on generating top-line growth and ongoing improvements across our gaming, lottery and interactive operations.

“I am proud of the dedication and success achieved by the collaborative efforts of our Scientific Games colleagues around the globe who continue to empower our customers and deliver success for all our stakeholders.”

Related article: Scientific Games completes acquisition of NYX