Caesars Entertainment and Scientific Games Extend Sports Betting and iGaming Partnership

Rhea-AI Summary

Scientific Games Corporation (NASDAQ: SGMS) and Caesars Entertainment have extended their digital sports betting partnership ahead of the 2020/21 major league sports seasons. This decision follows recent mobile sports wagering launches in Pennsylvania and Indiana, as well as the rollout of online casino gaming in Pennsylvania. The collaboration aims to enhance digital sports betting and iGaming experiences for players in these states, using Scientific Games' advanced technology, including the OpenSports™ and OpenGaming™ product suites.

Positive

• Extension of partnership with Caesars Entertainment enhances market presence.
• Recent launches in Pennsylvania and Indiana position the company for growth.
• Utilization of advanced technology (OpenSports™ and OpenGaming™) strengthens product offerings.

Negative

• None.

LAS VEGAS, June 30, 2020 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") and world-class gaming operator Caesars Entertainment ("Caesars"), have extended their existing digital sports betting partnership in preparation for the relaunch of the 2020/21 major league sports seasons. The move comes following recent mobile sports wagering launches in Pennsylvania and Indiana and the launch of online casino gaming in Pennsylvania.

"We're delighted with our partnership with Caesars Entertainment. We're working side by side, supporting their excellent teams and playing an important role in delivering digital casino and sports betting products to their players across multiple states," said Jordan Levin, Group CEO, Digital for Scientific Games.

Levin continued, "Caesars has always been a market leader, well known for delivering superior player experiences in the traditional gaming space. Our scalable technology, complemented with a U.S. player centric experience, enables Caesars to deliver on their service legacy by offering exceptional betting and digital gaming experiences that reach new audiences across key markets."

In addition to extending the duration of their operating agreement, Scientific Games and Caesars Entertainment are partnering to bring digital sports betting and iGaming experiences to players in Pennsylvania. Following Caesars' successful January 2019 launch of The Book at Harrah's Philadelphia, the operator has now gone live with a new online offering in Pennsylvania powered by Scientific Games' OpenSports™ and OpenGaming™ product suites. And even more recently, the companies launched the digital sports offering in Indiana, which follows on the heels of multiple Caesars retail site launches in Q3 and Q4 of 2019

"We are pleased to extend our collaboration with Scientific Games and thrilled to see our players experience the benefits of our continued partnership," said Christian Stuart, Caesars Entertainment Executive Vice President of Gaming and Interactive Entertainment. "Scientific Games' technology is not only highly scalable but most importantly it provides our players with feature rich content fully integrated with Caesars Rewards."

© 2020 Scientific Games Corporation. All rights reserved.

About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.

Media Contact:
media@scienticgames.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 can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the "SEC"), including Scientific Games' current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on February 18, 2020 (including under the headings "Forward-Looking Statements" and "Risk Factors"). 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

FAQ

What is the latest partnership news for Scientific Games (SGMS)?

Scientific Games has extended its digital sports betting partnership with Caesars Entertainment to enhance offerings for the 2020/21 major league sports seasons.

When did Scientific Games launch new online offerings in Pennsylvania?

The new online offerings in Pennsylvania were launched following Caesars' successful sports betting operation which began in January 2019.

What products are being used in the partnership between Scientific Games and Caesars?

The partnership utilizes Scientific Games' OpenSports™ and OpenGaming™ product suites for digital sports betting and iGaming.

What states are involved in the Scientific Games and Caesars partnership?

The partnership focuses on digital sports betting and iGaming experiences in Pennsylvania and Indiana.