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Scientific Games Corporation

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Scientific Games fourth quarter 2018 results benefited from the robust performance of Lottery and Social segment. Higher denomination ticket sales and constant innovations drove the company’s top-line. Increase in the average daily revenues from daily active users is a tailwind. Scientific Games continues to strengthen its product portfolio with upcoming releases including New Wave XL and additional content on the TwinStar J43 cabinet. Moreover, significant growth in core apps including Jackpot Party Social Casino is a positive. However, the company’s high debt level is a concern. Moreover, Scientific Games’ continued acquisitions makes the company vulnerable to integration risks. Intensifying competition and slowing China economy doesn’t bode well for the stock. Additionally, declining Gaming segment revenues is a headwind.

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