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SGMS - Scientific Games Shares Climbing Higher, Up 5.8%
55 minutes ago - Financial News Network Online - Market Movers via Comtex
Scientific Games (NASDAQ:SGMS) is a company whose shares are active, trading 5.8% higher to $8.68. The S&P is trading fractionally higher to 1,267 and the Dow is trading fractionally higher to 12,307.
Scientific Games Corporation provides services, systems, and products to both the pari-mutuel gaming and instant ticket lottery industries. The Company operates an instant ticket and online lottery products, systems, and services business. Scientific also operates wagering and communications, venue management, and telecommunications products businesses.
Scientific Games (NASDAQ:SGMS) has potential upside of 48.7% based on a current price of $8.68 and analysts' consensus price target of $12.90. The stock should hit resistance at its 200-day moving average (MA) of $8.81, as well as support at its 50-day MA of $8.37.
In the past 52 weeks, Scientific Games share prices have been bracketed by a low of $6.50 and a high of $11.27 and are now at $8.68, 33% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.33% higher over the past week, respectively.
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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today
SGMS may be one of the companies positively effected by the new interpretation of internet gambling rules. The connection that SGMS has with state lottery boards may help it with providing state intranet gaming for lotteries.
GLTA
Bob
SGMS - Interactive Games from company website:
SGMS - Video Lottery from company website:
SGMS - The Global Draw from company website:
SGMS - Shares of Scientific Games Under Pressure, Down 2.9%
Financial News Network Online - Market Movers via Comtex
Down 2.9% to $7.99, Scientific Games (NASDAQ:SGMS), is one of today's notable movers. The Dow Jones Industrial Average is now trading 0.3% lower to 11,835 and the S&P is trading fractionally higher to 1,217.
Scientific Games Corporation provides services, systems, and products to both the pari-mutuel gaming and instant ticket lottery industries. The Company operates an instant ticket and online lottery products, systems, and services business. Scientific also operates wagering and communications, venue management, and telecommunications products businesses.
Potential upside of 61.5% exists for Scientific Games, based on a current level of $7.99 and analysts' average consensus price target of $12.90. The stock should find initial resistance at its 50-day moving average (MA) of $8.33 and further resistance at its 200-day MA of $8.84.
In the past 52 weeks, shares of Scientific Games have traded between a low of $6.50 and a high of $11.27 and are now at $7.99, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 1.55% higher over the past week, respectively.
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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
SGMS - Highest EBITDA Growth in the Casinos & Gaming Industry Detected for Scientific Games
Financial News Network Online - News Corner via Comtex
GL
Bob
SGMS - Scientific Games Makes a Move: Up 6.6%
Financial News Network Online - Market Movers via Comtex
Scientific Games (NASDAQ:SGMS), a company whose shares are moving quickly, is trading 6.6% higher to $8.92. The S&P is trading higher by 1.6% to 1,254 and the Dow is trading 1.4% higher to 12,169.
Scientific Games (NASDAQ:SGMS) has potential upside of 44.6% based on a current price of $8.92 and analysts' consensus price target of $12.90. Scientific Games shares have support at the 200-day moving average (MA) of $8.85 and additional support at the 50-day MA of $8.18.
Scientific Games share prices have moved between a 52-week high of $11.27 and a 52-week low of $6.50 and are now trading 37% above that low price at $8.92 per share. The 200-day and 50-day moving averages have moved 0.17% lower and 0.93% higher over the past week, respectively.
Scientific Games Corporation provides services, systems, and products to both the pari-mutuel gaming and instant ticket lottery industries. The Company operates an instant ticket and online lottery products, systems, and services business. Scientific also operates wagering and communications, venue management, and telecommunications products businesses.
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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
Ultimately SGMS will need to be able to provide G2S Protocol back end accounting services to remain established as a player in state run video lottery terminal markets.
GLTA
Bob
Because of its relationship with numerous state lottery boards, SGMS is well situated for significant growth as states look for ways to replace lost real estate revenue. Gaming increases revenue without tax increases.
GLTA
Bob
Scientific Games has the Highest EBITDA Growth in the Casinos & Gaming Industry (SGMS, MGM, CNTY)
2 days 20 hours 10 minutes ago - Financial News Network Online - News Corner via Comtex
Below are the three companies in the Casinos & Gaming industry with the highest EBITDA Growth (next year estimate vs. LTM). EBITDA Growth can be valuable in predicting future cash flow generation and earnings power. Scientific Games (NASDAQ:SGMS) is highest with EBITDA growth of 65.4%. Scientific Games Corporation provides services, systems, and products to both the pari-mutuel gaming and instant ticket lottery industries. The Company operates an instant ticket and online lottery products, systems, and services business. Scientific also operates wagering and communications, venue management, and telecommunications products businesses. There is potential upside of 56.8% for shares of Scientific Games based on a current price of $8.69 and an average consensus analyst price target of $13.62. Scientific Games shares should encounter resistance at the 200-day moving average (MA) of $9.00 and support at the 50-day MA of $8.02.
MGM Resorts International (NYSE:MGM) is next with EBITDA growth of 64.5%. Thus far today, MGM Resorts International has traded 3.8 million shares, vs. average volume of 24.9 million shares per day. The stock has outperformed the Dow (1.3% to the Dow's -0.4%) and outperformed the S&P 500 (1.3% to the S&P's -0.7%) during today's trading.
Finishing up the top three is Century Casinos (NASDAQ:CNTY), with EBITDA growth of 47.1%. In the past 52 weeks, shares of Century Casinos have traded between a low of $2.11 and a high of $3.80 and are now at $2.73, which is 29% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.
When Scientific Games (NASDAQ:SGMS) reported earnings 12 days ago on November 2nd, 2011, analysts, on average, expected the company to report earnings of $0.05 on sales of $212.5 million. Scientific Games actually reported earnings of $0.03 per share on sales of $222.7 million, missing EPS estimates by $0.02 and beating revenue estimates by $10.2 million. Shares of Scientific Games have climbed from $8.65 to $8.75, representing a gain of 1.2% since the company reported earnings 12 days ago.
Scientific Games share prices have moved between a 52-week high of $11.27 and a 52-week low of $6.50 and are now trading 35% above that low price at $8.75 per share. The 200-day and 50-day moving averages have moved 0.54% lower and 0.06% lower over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Scientific Games on October 14th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $8.25. Since that recommendation, shares of Scientific Games have risen 6.1%. We continue to monitor SGMS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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Up today near 20%
NEW YORK, Jan. 22 /PRNewswire-FirstCall/ --
SCIENTIFIC GAMES CORPORATION (Nasdaq: SGMS) today announced that its
subsidiary, Blue Suede Acquisition Corp., a wholly-owned subsidiary of
Scientific Games International, Inc., has completed the previously announced
acquisition of MDI Entertainment, Inc. On January 9, 2003, Scientific Games
acquired 8,616,738 of the outstanding shares of MDI through a successful
tender offer of $1.60 per share, in cash. Such shares, along with shares
already owned by Blue Suede and the shares purchased from Steven Saferin
pursuant to a separate stock purchase agreement, represented a total of
approximately 13,020,240 shares, or approximately 92% of MDI's outstanding
common stock.
Following the successful conclusion of the tender offer, the acquisition
of the remaining shares of MDI was completed through the purchase of shares of
MDI from Steve Saferin pursuant to the stock purchase agreement followed by a
short form merger.
Under the terms of the merger, the remaining shares of MDI common stock
were converted into the right to receive $1.60 per share in cash, subject to
applicable provisions of Delaware law. As a result of the merger, MDI became
a wholly-owned subsidiary of Scientific Games International. Accordingly, MDI
has filed an application to terminate the registration of its common stock
under the Securities Exchange Act of 1934, eliminating its obligation to file
periodic financial and other information with the SEC.
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site at www.scientificgames.com.
Company Contact
Investor Relations
Scientific Games
212-754-2233
We are very grateful to once again be chosen to supply instant tickets for the Wisconsin Lottery," commented Mike Chambrello, President and COO of Scientific Games Corporation. "We have worked with the Wisconsin Lottery since its inception, over 20 years ago, and we look forward to continue assisting the Lottery and watching them grow and prosper."
In fiscal year 2009, the Wisconsin Lottery generated $473 million in retail sales, of which $277 million, or 58%, was derived from instant ticket sales. Approximately $130 million of those sales went towards property tax relief in Wisconsin
Insiders Buy the Plunge in Shares of Scientific Games scientfic Games (SGMS) Schwartz Barry F DIR 10,000 $141,800
Scientific Games (SGMS) Kennedy David L DIR 10,000 $137,600
hello everyone http://www.scientificgames.com
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