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Scientific Games Management Changes
SCIENTIFIC GAMES SHARES TANK ON NEWS OF MANAGEMENT CHANGES (Update)
Fridays news that Gavin Isaacs is to step down as CEO triggers a shareholder reaction.
The announcement Friday that the respected Scientific Games CEO Gavin Isaacs has handed the reins over to former Norwegian Cruise Lines chief executive Kevin Sheehan had an unintended and immediate consequence...the groups share price dived 16 percent in Friday trading.
Analysts attributed the plunge to investor concerns that Sheehan, whilst an accomplished businessman, has no experience in the gambling business, but also to what some described as the "almost cult status" that Isaacs enjoys in the industry as a skilled and experienced chief executive.
In fact Isaacs is not leaving the group, but takes up a post as vice chairman of the board, supporting owner and chairman billionaire Ron Perelman. Nevertheless, it appears that there are shareholders worried about the prospect of the business continuing to prosper without his direct oversight.
The decline in share price to $8.53 Friday was the biggest intraday loss experienced by the company since last November and followed the same-day posting of results that included quarterly revenue above expectations at $729.2 million and operating income up at $46.7 million compared to a loss of $800,000 in the corresponding quarter a year ago.
Gambling News :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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