Antitrust suit keeps Scientific Games in the red

Gaming solutions firm Scientific Games posted a $351.6-million loss for the third quarter, significantly higher than its $59.3-million loss during the same period last year.

The loss was driven by $338.7 million in restructuring and other charges, including $309.6 million connected to the verdict in a case filed by Shuffle Tech International, which Scientific Games, in its financial report, made a point to say “did not result in any cash outflow as the verdict is subject to post-trial motions and the appeal process.”

Third-quarter revenue for the company was $821 million, up 6.8% year on year, which it said reflected the $46.5 million in revenue from newly-acquired NYX Gaming Group, as well as growth in the lottery and social businesses.

Consolidated attributable earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 8.9%, to $325.7 million, “primarily driven by higher revenue and continued operational efficiencies.”