Scientific Games recently announced that Washington Lottery will continue availing the company’s offerings like instant games, services and licensed brands.
Scientific Games, which designs and produces instant games for Washington Lottery, will continue to provide the service till March 2024. Additionally, the company will introduce a loyalty program and design a new mobile app.
This apart, the company announced other deal extensions in the past few months, which are expected to drive the top line.
Contract Wins: A Key Catalyst
This August, Louisiana Lottery Corporation extended its contract with Scientific Games for the next five years.
Also, Kentucky Lottery Corporation extended its deal with Scientific Games for the next eight years in April 2018. Apart from incorporating Cooperative Services Program (“CSP”), the company will provide strategic planning to this lottery company. The CSP program will help Kentucky Lottery to manage supply chain efficiently across its network of 3,000 retailers.
Notably, revenues from the Lottery Segment (24.5% of total revenues) increased 24% from the prior-year quarter number to $207.1 million in the last reported quarter.
With back to back contract wins it is evident that Scientific Games is making efforts to deliver customizable products and services to its customers, which in turn, should add to its top line.
Scientific Games Corp Revenue (TTM)
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Scientific Games recently announced that Washington Lottery will continue availing the company’s offerings like instant games, services and licensed brands.
Scientific Games, which designs and produces instant games for Washington Lottery, will continue to provide the service till March 2024. Additionally, the company will introduce a loyalty program and design a new mobile app.
This apart, the company announced other deal extensions in the past few months, which are expected to drive the top line.
Contract Wins: A Key Catalyst
This August, Louisiana Lottery Corporation extended its contract with Scientific Games for the next five years.
Also, Kentucky Lottery Corporation extended its deal with Scientific Games for the next eight years in April 2018. Apart from incorporating Cooperative Services Program (“CSP”), the company will provide strategic planning to this lottery company. The CSP program will help Kentucky Lottery to manage supply chain efficiently across its network of 3,000 retailers.
Notably, revenues from the Lottery Segment (24.5% of total revenues) increased 24% from the prior-year quarter number to $207.1 million in the last reported quarter.
With back to back contract wins it is evident that Scientific Games is making efforts to deliver customizable products and services to its customers, which in turn, should add to its top line.
Scientific Games Corp Revenue (TTM)
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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