LAS VEGAS, Nov. 1, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") completed its previously announced acquisition of Don Best Sports Corporation and DBS Canada Corporation (together, "Don Best"), enhancing its sports betting portfolio and managed trading services with real-time data and pricing resources. With the addition of Don Best's trading and pricing expertise to its OpenBet™ product suite, the Company provides an unmatched comprehensive library of sportsbook technology.
The acquisition follows the successful formation and launch of SG Digital's Sportsbook Operations service, which provides trading, marketing, and product management services to customers. The Don Best team will provide world-class betting and pricing services along with valuable real-time event data solutions. Heading up the team as Managing Director will be industry veteran Benjie Cherniak. Benjie has spent the past decade building the organization's highly regarded sports information, live pricing, and data integrity divisions. A leading voice in the emerging U.S. sports betting industry, Benjie will report directly to Keith O'Loughlin, SG Digital's SVP Sportsbook.
Barry Cottle, Chief Executive Officer of Scientific Games, said, "Don Best's world-class sports betting trading operation completes our full-service sports betting solution and enhances our ability to provide customers with a complete managed sportsbook. Don Best's unrivalled pricing, trading and data services, combined with our new marketing services and OpenBet, our global leading sports betting technology platform, uniquely fortifies our position as the world's leading sports betting provider, ready to help our customers win in the emerging U.S. sports betting market and beyond."
Benjie Cherniak, Managing Director of Don Best, said, "We're joining the Scientific Games team during a transformational time in the sports betting space, and our offerings are the perfect complement to the Company's already-strong portfolio of products and services. With our specialized leadership, unmatched expertise in the North American market, extensive knowledge of the region's most popular sports, and leading trading capabilities, we will continue to augment our partners' sports betting technology."
Keith O'Loughlin touches on the immediate contributions Don Best will make to the SG Digital portfolio: "When you put together a comprehensive sports offering, it's important to capture every single customer need in the teams you build. For us, Don Best is a perfect piece in the larger sports betting puzzle, truly augmenting our comprehensive offering for sportsbook operators. Don Best's trading platforms already seamlessly integrate into our OpenBet product suite, so the impact will be instantly beneficial. We're thrilled to welcome Don Best to the SG Digital team and to continue improving our product portfolio."
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About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is the global leader in technology-based gaming systems, table games, table products and instant games and a leader in products, services and content for gaming, lottery and interactive gaming markets. Scientific Games delivers what customers and players value most: trusted security, creative content, operating efficiencies and innovative technology. Today, we offer customers a fully integrated portfolio of technology platforms, robust systems, engaging content and unrivaled professional services. For more information, please visit scientificgames.com.
Scientific Games: Michael Quartieri +1 702-532-7658
Executive Vice President and Chief Financial Officer
Scientific Games: Susan Cartwright +1 702-532-7981
VP, Corporate Communications
This press release includes "forward-looking statements" and "forward-looking information" (collectively "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," "estimate," "should," "could," "potential," "opportunity," or similar terminology. These statements are based upon management's current expectations, beliefs, assumptions and estimates and are not guarantees of timing, future results or performance. Similarly, statements herein that describe the transaction, including statements of management's expectations, beliefs, assumptions, estimates and goals regarding the transaction may be forward-looking statements. These forward-looking statements involve certain risks and uncertainties and other factors that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the ability of Scientific Games to integrate Don Best's business; the ability of Scientific Games to implement its plans and other expectations with respect to Don Best's business; 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, any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof and, except for Scientific Games' ongoing obligations under applicable securities laws, Scientific Games undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
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