Scientific Games reports US$198 million net loss for Q2

Gaming industry supplier Scientific Games reported on Thursday its financial results for the quarter ending June 30, noting that the firm suffered a US$198 million net loss in the period.

Total revenues for the quarter amounted to US$539 million.

The statement explained, “the company’s gaming and lottery revenue was negatively impacted by the Covid-19 disruptions that resulted in temporary closures of casino operations globally and a lower level of lottery ticket sales.”

Available liquidity at quarter-end was US$943 million.

President and Chief Executive Officer Barry Cottle said, “I am very proud of how we are navigating the current environment, as evidenced by our strong cost containment and cash management, which allowed us to deliver better than expected cash flow for the quarter.

He added, “The diversity of our businesses and our position on the forefront of digital gaming were critical to allow us to successfully navigate the worst of this environment. We have the right team coupled with the best products across both land-based and mobile gaming to position us for future growth.”