Scientific Games Q1 revenue declines amid Covid-19
Scientific Games saw revenue decline 13.0% to $725m and losses increase to $159m as the novel coronavirus (Covid-19) hit the business in terms of both lower revenue and higher impairment costs.
The supplier made $422m through gaming services, down 8.1% year-on-year, while product sales fell 29.5% to $168m. Instants contributed a further $135m, down 3.6%.
Of its $725m in revenue, Scientific Games made $318m through its land-based division SG Gaming down 25%. This decline in gaming revenue was largely due to the effects of Covid-19, which led to casino closures across the globe.
Gaming operations revenue fell 22.7% to $119m, gaming machine sales fell 32.4% to $97m, gaming systems sales declined 25.7% to $55m while table product revenue came to $52m, down 13.3%.