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More profits for Bally-Scientific Games Merger
Thursday September 4,2014 : GREAT EXPECTATIONS FOR SCIENTIFIC GAMES - BALLY TECH MERGER (Update)
More revenue and profits through simple synergies.
The forthcoming merger of Scientific Games Corporation with Bally Technologies will deliver more revenue and profits, much of it through early and easily achieved synergy gains, Scientific Games has asserted in a filing with the U.S. Securities and Exchange Commission this week.
The two companies are among the gaming and lottery industry leaders, and the merge will deliver a company second only to the merged GTech and IGT corporates, offering a wide range of products across land and online channels and technologies.
The filing on September 3 posits synergy savings alone of $220 million - 11 percent of total costs in the 2 companies - most of that being quickly and simply accrued within the first year of combined operations.
Unfortunately, that will entail staff cuts of up to 21 percent, whilst savings through synergy in research and development are also envisaged
The filing also details one-off merger costs of $76 million for synergies and $40 million for capex.
Revenue and gross margins are expected to grow in FY14 for table products, interactive games, instant products, but to decline in systems, and lottery systems, the SEC presentation suggests.
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Day 2 of the MPNPT Tallinn Main Event -
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Joe Fortune new Rewards Program -
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NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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