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SCIENTIFIC GAMES CORPORATION (NASDAQ:SGMS) Files An 8-K Results of Operations and Financial Condition

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07/24/2017 | 12:35pm CEST

SCIENTIFIC GAMES CORPORATION (NASDAQ:SGMS) Files An 8-K Results of Operations and Financial ConditionItem 2.02.Results of Operations and Financial Condition.

The information contained under Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On July 24, 2017, Scientific Games Corporation (the “Company”) issued a press release announcing, among other things, results for the three and six months ended June 30, 2017. A copy of the press release that will be discussed on the Company’s earnings call is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The Company’s press release, in addition to containing results that are determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”), contains certain “non-GAAP financial measures” as that term is defined by the rules of the Securities and Exchange Commission (the “SEC”). The Company’s press release includes the most directly comparable financial measures calculated and presented in accordance with GAAP, information reconciling the non-GAAP financial measures to the nearest GAAP financial measures, a statement disclosing the reasons why the Company’s management believes that presentation of the non-GAAP financial measures provides useful information to investors regarding the Company’s financial condition and results of operations, and a statement disclosing the additional purposes for which the Company’s management uses the non-GAAP financial measures.

The non-GAAP financial measures used in the press release should not be considered in isolation of, as a substitute for, or superior to, the financial information prepared in accordance with GAAP. The non-GAAP financial measures as defined in the press release may differ from similarly titled measures presented by other companies. The non-GAAP financial measures, as well as other information in the press release, should be read in conjunction with the Company’s financial statements filed with the SEC.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description
99.1 Press Release of Scientific Games Corporation, dated July 24, 2017.

SCIENTIFIC GAMES CORP ExhibitEX-99.1 2 v471267_ex99-1.htm EXHIBIT 99.1 Scientific Games Reports Second Quarter 2017 Results and Announces Intent to Refinance a Portion of its Debt Seventh Consecutive Quarter of Year-over-Year Growth,…To view the full exhibit click here
Scientific Games Corporation is a developer of technology-based products and services, and associated content for the gaming, lottery and interactive gaming industries. The Company operates through three segments: Gaming, Lottery and Interactive. The Company’s portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions. Its Gaming segment’s activities include supplying gaming machines, video lottery terminals (VLTs), conversion kits, automatic card shufflers. Its Lottery segment’s activities include designing, printing and selling instant lottery games. The Company’s Interactive business segment includes social (non-wagering) gaming and interactive real-money gaming (RMG).

The post SCIENTIFIC GAMES CORPORATION (NASDAQ:SGMS) Files An 8-K Results of Operations and Financial Condition appeared first on Market Exclusive.

© Market Exclusive 2017, source Market Exclusive

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