LAS VEGAS, Jan. 18, 2017 /PRNewswire/ -- Scientific
Games Corporation (NASDAQ: SGMS) ("Scientific Games") today
announced the successful completion of its acquisition of DEQ
Systems Corp. (TSXV: DEQ) ("DEQ"). The acquisition of DEQ
complements Scientific Games' innovative and expansive product
porfolio for casinos, which includes a large library of proprietary
table games, table progressives, electronic table systems and
utility products for the casino pit.
Derik Mooberry, Scientific Games'
Group Chief Executive of Gaming, said, "DEQ's table product
portfolio, presently established in more than 300 casinos
worldwide, expands the depth and breadth of our proprierary table
games offering and table progressive systems solutions for casino
operators. The addition of DEQ's player-favorite and
high-performing library of table games, table progressives, and
random bonusing systems, including EZ Baccarat® and
Progressive Pai Gow Poker, will enhance our recurring
revenue base and add even more depth and breadth to our Shuffle
Master® portfolio of games and table solutions.
Mooberry added that Scientific Games is especially excited about
EZ Baccarat — the world's leading baccarat brand with over
800 table games in 150 casinos across the globe.
The transaction will be accretive to Scientific Games' earnings
and operating cash flow.
Advisors on the Transaction
McMillan LLP is acting as legal counsel to Scientific Games.
Union Gaming Securities, LLC is acting as financial advisor to DEQ,
and Osler, Hoskin & Harcourt LLP is acting as legal
counsel to DEQ.
All ® notices signify marks registered in the United
States. © 2017 Scientific Games Corporation. All Rights
Reserved.
About Scientific Games
Scientific Games
Corporation (NASDAQ:SGMS) is a leading developer of
technology-based products and services and associated content for
worldwide gaming, lottery and interactive markets. The Company's
portfolio includes gaming machines, game content and systems; table
games products and shufflers; instant and draw-based lottery games;
server-based lottery and gaming systems; sports betting technology;
loyalty and rewards programs; and interactive content and services.
For more information, please visit ScientificGames.com.
COMPANY CONTACTS:
Investor
Relations:
Scientific Games: Bill Pfund +1 702-532-7663
Vice President, Investor Relations
bill.pfund@scientificgames.com
Media Relations:
Scientific Games: Susan Cartwright + 702-532-7981
Vice President, Corporate Communications
Susan.cartwright@scientificgames.com
Forward-Looking Statements
In this press release,
Scientific Games makes "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements describe future expectations,
plans, results or strategies and can often be identified by the use
of terminology such as "may," "will," "estimate," "intend," "plan,"
"continue," "believe," "expect," "anticipate," "target," "should,"
"could," "potential," "opportunity," "goal," or similar
terminology. These statements are based upon management's current
expectations, assumptions and estimates and are not guarantees of
timing, future results or performance. Actual results may differ
materially from those contemplated in these statements due to a
variety of risks and uncertainties and other factors, including,
litigation related to the transaction; disruption of current plans
and operations as a result of the transaction; competitive
responses to the transaction; unexpected costs, charges or expenses
resulting from the transaction; the ability of Scientific Games to
integrate DEQ's businesses; the ability of Scientific Games to
implement its plans, forecasts and other expectations with respect
to DEQ's business after the completion of the transaction; and the
other risks, uncertainties and important factors contained and
identified (including under the heading "Risk Factors") in
Scientific Games' filings with the Securities and Exchange
Commission and under the heading "Business Risks and Uncertainties"
in DEQ's filings with Canadian securities commissions, any of which
could cause actual results to differ materially from the
forward-looking statements.
Forward-looking statements speak only as of the date they are
made and, except for Scientific Games' ongoing obligations under
the U.S. federal securities laws, Scientific Games undertakes no
obligation to publicly update any forward-looking statements
whether as a result of new information, future events or
otherwise.
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SOURCE Scientific Games Corporation