Scientific Games Completes Acquisition of DEQ Systems Corp.
DEQ's Table Product Portfolio Complementary and Accretive to Scientific Games' Robust End-To-End Solutions for the Entire Casino Floor
LAS VEGAS, Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games") today announced the successful completion of its acquisition of DEQ Systems Corp. (TSXV: DEQ) ("DEQ"). The acquisition of DEQ complements Scientific Games' innovative and expansive product porfolio for casinos, which includes a large library of proprietary table games, table progressives, electronic table systems and utility products for the casino pit./PRNewswire/ --
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.
Mooberry added that Scientific Games is especially excited about EZ Baccarat — the world's leading baccarat brand with over 800 table games in 150 casinos across the globe.
The transaction will be accretive to Scientific Games' earnings and operating cash flow.
Advisors on the Transaction
McMillan LLP is acting as legal counsel to Scientific Games. Union Gaming Securities, LLC is acting as financial advisor to DEQ, and Osler, Hoskin & Harcourt LLP is acting as legal counsel to DEQ.
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About Scientific Games
Scientific Games Corporation (NASDAQ:SGMS) is a leading developer of technology-based products and services and associated content for worldwide gaming, lottery and interactive markets. The Company's portfolio includes gaming machines, game content and systems; table games products and shufflers; instant and draw-based lottery games; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and interactive content and services. For more information, please visit ScientificGames.com.
Scientific Games: Bill Pfund +1 702-532-7663
Vice President, Investor Relations
Scientific Games: Susan Cartwright + 702-532-7981
Vice President, Corporate Communications
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "plan," "continue," "believe," "expect," "anticipate," "target," "should," "could," "potential," "opportunity," "goal," or similar terminology. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, litigation related to the transaction; disruption of current plans and operations as a result of the transaction; competitive responses to the transaction; unexpected costs, charges or expenses resulting from the transaction; the ability of Scientific Games to integrate DEQ's businesses; the ability of Scientific Games to implement its plans, forecasts and other expectations with respect to DEQ's business after the completion of the transaction; and the other risks, uncertainties and important factors contained and identified (including under the heading "Risk Factors") in Scientific Games' filings with the Securities and Exchange Commission and under the heading "Business Risks and Uncertainties" in DEQ's filings with Canadian securities commissions, any of which could cause actual results to differ materially from the forward-looking statements.
Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.