GGRAsia – Sci Games accounting director resigns

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Sci Games accounting director resigns


Casino equipment and online gaming content provider Scientific Games Corp said on Tuesday that current senior vice president and chief accounting officer Michael Winterscheidt would step down “to a part-time position.”

Mr Winterscheidt will remain at Scientific Games until Nov. 30 and then move on to a consultant position, the company said in a U.S. filing.

Executive Vice President, Chief Financial Officer (CFO), Treasurer and Corporate Secretary Connie James will become Scientific Games’ senior accountant, the file added.

Ms James joined Scientific Games as chief financial officer of the games segment in January last year and became chief financial officer on October 15, replacing Mike Eklund, who the company said “was resigning to pursue other opportunities. “.

Scientific Games recorded the third quarter net income of US $ 182 million, compared to a net loss of US $ 117 million in the prior year period.

In a document filed Nov. 9, the company said total revenue for the three months to Sept. 30 was $ 824 million, down 6.4% sequentially from the $ 880 million. second quarter dollars. Third quarter revenue increased 18.1% year-over-year.

In July, Scientific Games proposed to acquire the 19% remaining a stake in digital operator SciPlay Corp, which it does not currently own.

Science games announced on November 3 the acquisition of Authentic Gaming Ltd, based in Malta, a provider of live casino products for online gaming. The acquisition marked Scientific Games’ first foray into the live casino market and “significantly enhances the company’s product portfolio,” the company said at the time.

The deal came shortly after Scientific Games confirmed the sale of his lottery business to Brookfield Business Partners LP, for a total consideration of US $ 6.05 billion. In September, the group also sold its sports betting business – including its sports betting platform OpenBet – for $ 1 billion in cash and $ 200 million in shares of Endeavor Group Holdings Inc, a sports and entertainment company. entertainment.

The two agreements were part of a company-wide strategic review announced in June by Scientific Games. The US-listed company said the move would allow the group to focus on its gaming, iGaming and SciPlay businesses.




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