News Spotlight: Scientific Games Corporation (NASDAQ: SGMS)

Scientific Games Corporation (NASDAQ: SGMS) stock observed trading -43.05% off 52-week high price. On the other end, the stock has been noted 18.80% away from low price over the last 52-weeks. The stock disclosed a move of -6.63% away from 50 day moving average and -15.35% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.01% off 20-day moving average. It has market cap of $1595.71M .

Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) announces that it has been chosen by the winning joint venture for the Turkish National Lottery to exclusively supply lottery instant games, its latest generation WAVE™ retail technology and supporting systems for 10 years in the nation of more than 80 million. Additionally, Scientific Games and its Turkish partner, Şans Dijital, were recently selected to exclusively deliver and operate sports betting and managed trading in Turkey, among the world’s largest state-sponsored sports betting markets.

Scientific Games Selected To Exclusively Supply World-Leading Lottery Instant Games And Latest Generation WAVE™ Retailer Terminals For Turkish National Lottery

Scientific Games Selected To Exclusively Supply World-Leading Lottery Instant Games And Latest Generation WAVE™ Retailer Terminals For Turkish National Lottery

For the Turkey National Lottery, Scientific Games will provide up to 15,000 of the Company’s latest generation WAVE retailer terminals, a secure instant ticket validation system and its world-leading instant games. The National Lottery launch in Turkey is planned for 2020.

The 10-year Turkey National Lottery concession was awarded to the joint venture in a competitive tender with three other qualified bidders. The joint venture is comprised of Şans Dijital, an affiliate of Demirören Holding, one of Turkey’s largest companies with significant business interests in energy, real estate and media, and SISAL S.p.A (“SISAL”), one of Italy’s largest and most prominent gaming operators holding significant market-share in lottery, sports betting, AWP machines, VLTs and digital gaming. SISAL is also recognized as the country’s leading provider of payment solutions.

 The USA based company Scientific Games Corporation moved with change of -4.92% to $17.57 with the total traded volume of 911733 shares in recent session versus to an average volume of 1226.2K. The stock was observed in the 5 days activity at 3.11%. The one month performance of stock was -14.50%. SGMS’s shares are at -14.42% for the quarter and driving a -42.11% return over the course of the past year and is now at -1.73% since this point in 2018.  Right now the stock beta is 2.2. The average volatility for the week and month was at 5.48% and 5.53% respectively. There are 90.82M shares outstanding and 55.24M shares are floated in market.

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