Shuffle Tech settlement means profit for Scientific Games

Scientific Games has its settlement with Shuffle Tech to thank for its glowing Q4 2018 numbers. The settlement reduced Scientific Games’ liability by US$183.1m, contributing largely to the company’s Q4 2018 profit of US$206.8m. Aside from the money brought in by the settlement, Scientific Games also saw its revenue in Q4 2018 grow 8% year-on-year to US$885.7m and its consolidated adjusted EBITDA increase by 6% to US$343.5m.
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Shuffle Tech takes Scientific Games from red to black
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The Story

Scientific Games has its settlement with Shuffle Tech to thank for its glowing Q4 2018 numbers. The settlement reduced Scientific Games’ liability by US$183.1m, contributing largely to the company’s Q4 2018 profit of US$206.8m. Aside from the money brought in by the settlement, Scientific Games also saw its revenue in Q4 2018 grow 8% year-on-year to US$885.7m and its consolidated adjusted EBITDA increase by 6% to US$343.5m.

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