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Scientific Games Hires New Chief Financial Officer

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Michael Eklund will become CFO on June 1, 2020; current CFO Michael Quartieri will remain full time until June 30 and in consulting role through December 31

Scientific Games Corporation announced that Michael Eklund will become its Chief Financial Officer on June 1, 2020.  Mike Eklund spent more than 20 years at Dell Technologies in both financial and operational roles, including leading the value creation and integration function for the $67 billion Dell-EMC combination and serving as chief financial officer of Dell’s $40 billion-plus Client Solutions Business Unit and Global Operations organization.  Most recently, he has served as CFO of IRI, a global leader in innovative data and analytic solutions and services for consumer, retail and media companies.  Michael Quartieri will remain full time with the Company until June 30, 2020 and will serve in a consulting role through December 31, 2020.

Scientific Games CEO Barry Cottle said: “Mike Quartieri has done an outstanding job over the last four years building a world class financial team, revitalizing our financial management and refinancing our debt.  The Board of Directors and I are very grateful for Mike’s constant dedication to the success of the Company and its people.  Mike now wants to move to a new industry with new challenges after many years in the gaming business.  He wanted to leave earlier this year but, after the COVID-19 pandemic hit, Mike agreed to stay to help the Company with that crisis.  Mike has led our efforts to reduce our cash burn while preserving key operations, developing plans to manage through the pandemic, preparing to be an even stronger competitor as we emerge from the crisis and working with our lenders to get our Credit Agreement amended to provide covenant relief.   With those key steps taken, we are now ready to proceed with the transition to a new CFO.

“We are very fortunate to have Mike Eklund join us starting on June 1.  He has a wealth of experience in financial and operational leadership and a passion for aligning all aspects of a company’s finance and operations with its core business model that positions him well to build on Mike Quartieri’s legacy.”

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© 2020 Scientific Games Corporation. All rights reserved.

 

About Scientific Games:
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.

 

SOURCE Scientific Games Corporation

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Ezugi live casino launches in Ontario as first step in major North America expansion

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Ezugi, part of Evolution Group, announced the launch of its live casino offering in the Ontario online gaming market. Following the company’s initial US debut in New Jersey eight years ago, the move marks the first step in a major North American expansion plan.

Ezugi made its Ontario debut on June 17, marking the introduction of its live casino offerings to several key clients such as TheScore and Bet99. These operators have successfully launched Ezugi-powered live casino experiences for players in the province, with additional partnerships planned to roll out in the upcoming months.

The Ezugi games for Ontario will stream from Ezugi studios in Europe and include proven, highly popular titles that will greatly extend choice and entertainment for players in Canada’s most populous province.

The Ezugi portfolio includes not only well-known casino table games such as classic Roulette, Blackjack and Baccarat from our brand-new state-of-the-art studio, but also live game shows and a wide choice of regional favourites.

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Games from the latter two categories that will be available to players in Ontario include: Ultimate Roulette, a circus-themed live game show with unique multipliers; Andar Bahar and Ultimate Andar Bahar, the highly popular Asian-themed card games; and Lucky 7, an engaging card game in which players predict whether the next card dealt will be above 7 (7 Up), below 7 (7 Down) or 7. Other games launching from the Ezugi portfolio include, 32 Cards, Cricket War, EZ Dealer Roulette, Auto Football & Cricket Roulette, and more.

Pang Wee Goh, Chief Commercial Officer at Ezugi said: “After an exciting few years of consolidating our market position and extending our games portfolio, this is a very significant step for Ezugi and its growth. Ontario has long been on our radar, representing the ideal progression in Ezugi’s ongoing expansion throughout North America. I am confident that operators in Ontario will benefit from our large and innovative games portfolio, which truly offers something different for players.”

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AGCO

The Mill Adventure Secures Gaming-related Supplier License in Ontario

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The Mill Adventure has announced that it has secured a gaming-related supplier license from the Alcohol and Gaming Commission of Ontario (AGCO).

The Mill Adventure can now provide its full-service player account management (PAM) platform to licensed operators in Ontario. This achievement demonstrates the provider’s proactive approach to capturing opportunities in fast-evolving, regulated markets.

As one of North America’s most dynamic iGaming markets, Ontario offers substantial growth potential for innovative companies, providing unique avenues for exploring cutting-edge technologies, diverse player engagement strategies, and partnerships with leading operators.

“The dedication and ingenuity of our team, coupled with our stringent compliance standards, have propelled us to this significant milestone. We are eager to introduce our platform to local operators and revolutionize gaming experiences in this thriving region,” Bjørnar Heggernes, Commercial Director at The Mill Adventure, said.

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The Mill Adventure platform, acclaimed for its operational efficiency and unique player engagement capabilities, merges sophisticated technology with inventive functionality — from SmartLobbies, its AI-powered casino management solution to Betpool, a feature designed to reimagine casino and sportsbook as social hubs. The platform features state-of-the-art tools, including a fully automated casino management system, in-house promotional tools, in-depth analytics, and robust security features for fraud and risk management, automated withdrawals, and Responsible Gaming — all designed to ensure relevance and excellence in a competitive market while being fully compliant.

Honored with the “Platform Innovation of the Year” title at SBC’s recent CasinoBeats Awards, the company continues to lead the way in ensuring seamless and secure gaming experiences and is poised to meet the high standards and expectations of Ontario’s operators and players.

In addition to Ontario, The Mill Adventure holds licenses in Germany, Sweden, Romania, and Malta, as well as platform certifications in the Netherlands, Portugal, and Georgia — regulatory recognitions that underscore the company’s reputation for exceptional compliance proficiency in the global iGaming industry.

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Andrew Cochrane Chief Business Officer at GiG

GiG signs iGaming platform agreement to expand Ontario market footprint

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Gaming Innovation Group (GiG) has announced the signing of a Head of Terms with Ventures Lab, for the provision of its award winning iGaming platform, and AI tools DataX and LogicX, marking the fourth partner for GiG in the Canadian province and supporting GiG’s global strategy for regulated market growth.

The agreement with Ventures Lab in Ontario will fully utilise the capability of the platform and the ability to support speed to market. GiG’s experience in Ontario and in global regulated markets, and as exclusive regulated markets provider for the brand, the deal includes scope to leverage the possibility to expand into a multi-jurisdictional partnership in the future.

GiG has focused its suite of pioneering solutions on driving exponential growth in revenue for operators with its highly scalable iGaming platform, offering localised third party content and leading suppliers for the Ontarian market. GiGs peerless gamification layer creates an optimised and immersive casino experience tailored to regional preferences, powering increases in both client retention and player engagement.

As part of the deal, Ventures Lab will benefit from the full power of dynamic AI tools DataX and LogicX. With a growing emphasis on cutting-edge artificial intelligence and automation, the incorporation of the advanced machine learning models into it’s toolkit, with enhancing decision-making processes and rule building will help deliver significant increases in player acquisition and customer retention.

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With the reporting year starting April 1st, iGaming in Ontario has published that the 2023-24 year ended with online gaming revenue topping at €3.8 billion, an 88% increase over the previous year, representing the opportunity for significant growth throughout the province.

Andrew Cochrane, Chief Business Officer at GiG, commented, “GiG is continuing to attract experienced partners who trust in our ability as the technology partner to drive efficiency and profitability in their operations. This agreement further underpins our powerful strategy to capitalise on the overwhelming potential within our market leading solutions, forming strong new partnerships in core regulated markets, with the intention of reaching and exceeding our ambitious growth targets for the business.”

Carlos Strazzer, Chief Executive Officer at Ventures Lab added: “This collaboration will enable us to drive substantial growth and expansion leveraging GiGs vast experience in regulated markets and their leading technology. We’re very much looking forward to delivering an unparalleled betting experience for the Ontarian market and seizing the opportunities this region holds.”

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