Issuing a corporate update Nasdaq-listed Scientific Games Corporation (SCG) has confirmed that it has completed its $20 million acquisition of industry progressive systems and table games manufacturer DEQ Systems Corp (deal first announced September 2016).
Updating investors, SCG governance stated that DEQ’s current gaming inventory would be integrated within the firm’s existing services portfolio, boosting SCG’s provisions in proprietary table games, table progressives, electronic table systems and further progressive products.
In its September 2016 acquisition note, SGC governance revealed that DEQ assets ad generated corporate revenues of CAD$9.5 million with gross profit of CAD$8.1 million on a trailing 12-month basis for the period ended May 31, 2016.
The acquisition of DEQ will be directly accredited to SGC earnings and cash flows
Commenting on the closure of its acquisition Derik Mooberry, Scientific Games’ Group Chief Executive of Gaming, said,
“DEQ’s table product portfolio, presently established in more than 300 casinos worldwide, expands the depth and breadth of our proprierary table games offering and table progressive systems solutions for casino operators. The addition of DEQ’s player-favorite and high-performing library of table games, table progressives, and random bonusing systems, including EZ Baccarat and Progressive Pai Gow Poker, will enhance our recurring revenue base and add even more depth and breadth to our Shuffle Master® portfolio of games and table solutions.
Source: SBC News
