Lottery and digital offset low machine sales as SG cuts Q1 losses

Gambling technology giant Scientific Games saw revenue grow and losses decline in the first quarter of 2021.

Growth in its lottery, digital and social gaming segments helped offset a drop in gaming machine sales over the three months to March 31, with group revenue up 0.6% to $729m.

Revenue from services came to $463m, up 7.9%, with instant products’ contribution growing 20.0% to $162m. Revenue from product sales, however, fell 38.1% to $104m.

Breaking down revenue by company segment, the SG Lottery division became the largest source contributor to group revenue. Revenue was up 17.0% to $248m, with most of this growth coming from the US.

Read the full story on iGB North America

Gambling technology giant Scientific Games saw revenue grow and losses decline in the first quarter of 2021.

Growth in its lottery, digital and social gaming segments helped offset a drop in gaming machine sales over the three months to March 31, with group revenue up 0.6% to $729m.

Revenue from services came to $463m, up 7.9%, with instant products’ contribution growing 20.0% to $162m. Revenue from product sales, however, fell 38.1% to $104m.

Breaking down revenue by company segment, the SG Lottery division became the largest source contributor to group revenue. Revenue was up 17.0% to $248m, with most of this growth coming from the US.

Read the full story on iGB North America

Original Article

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