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Scientific Games CEO Contract Extended

Wednesday December 23,2015 : TOP MANAGEMENT MOVES AT SCIENTIFIC GAMES
 
CEO's contract extended; CFO retires.
 
Online and land gambling supplier Scientific Games has revealed top management moves at group level, with CEO Gavin Isaac's contract extended by a year, and group chief financial officer Scott Schweinfurth on the way to a well-deserved retirement.
 
Isaac's contract extension is a vote of confidence in Isaacs, who has overseen important acquisitions like that of Bally Technologies and WMS Gaming.
 
In a securities filing the SG board of directors paid tribute to Isaacs for achieving “key business objectives, including integration milestones” in successfully integrating the operations of former companies Bally, WMS and SHFL
 
The retirement - officially at the end of this (December) month - of Scott Schweinfurth, executive vice president, chief financial officer and corporate secretary of Scientific Games Corporation, has also been announced.
 
Schweinfurth joined Scientific Games during the WMS acquisition and for the past year, has been involved in the integration of the former Bally Technologies following its $5.1 billion acquisition by Scientific Games.
 
He will remain as CFO until year-end tax and corporate reporting projects have been completed, and will assist the company in handing over to a successor who is currently being sought with the aid of an independent executive search company.

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Gambling News :

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

Netent Mega Fortune Pays Euro 4.9 million - #NetEnt progressive slot Mega Fortune has delivered another instant millionaire, this one an anonymous Norwegian online punter wagering on the Betsson.com website.

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