Scientific Games to split social gaming brands under growth plan

8 September 2016

Scientific Games has designated its wholly-owned interactive social gaming subsidiaries as unrestricted subsidiaries under its debt agreements, in an effort to maximise growth.

The company said it will now consider various options to solidify its position in the social gaming market, including potential joint ventures, acquisitions, IPO and other growth initiatives.

Brands impacted by the move include Dragonplay and Phantom EFX.

Kevin Sheehan, chief executive and president of Scientific Games, said: “Our industry-leading investment in innovation is paying off.

“Following our company's third consecutive quarter of revenue growth, we see this as a perfect time to accelerate momentum and explore additional opportunities to deliver greater value from this strong and rapidly growing segment of our business.”

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