Casino equipment and lottery services firm Scientific Games Corp has designated the company’s interactive social gaming subsidiaries as unrestricted subsidiaries under its debt agreements.
The company said in a press release that the move will help towards “maximizing growth” for Scientific Games.
“The company will consider a range of options to solidify its leadership in this fast growing segment, including potential new joint ventures, acquisitions, IPO and other growth options,” the release said.
Scientific Games’ social gaming business has seen substantial growth this year and a 68-percent increase in revenue from April to June 30.
“Our industry leading investment in innovation is paying off,” Kevin Sheehan, chief executive and president of Scientific Games, said in the release. “Following our company’s third consecutive quarter of revenue growth, we see this as a perfect time to accelerate momentum and explore additional opportunities to deliver greater value from this strong and rapidly growing segment of our business.”
Following the “unrestricted” designation for Scientific Games’ social gaming subsidiaries, they will remain wholly owned by the group, according to the release.
Scientific Games also announced recently plans to acquire Canadian gaming supplier DEQ Systems Corp, which provides table-game-bonusing technology, table games, baccarat results tracking and jackpot connectivity products to more than 300 casinos in 30 countries, according to its corporate website.
