Scientific Games has finalised the acquisition of Tech Art, supplier of hole-card readers for blackjack.
The deal will bring with it Tech Art’s MAXTime4H product, a combination of a blackjack hole-card reader and a chip tray, as well as the proprietary table games Super Fun 21 and Bet the Bust.
The MAXTime4H product is designed to help casinos increase play speed and enhance the security of blackjack games.
Scientific Games' group chief executive of gaming Derik Mooberry said: "We are excited to welcome Tech Art into the Scientific Games family. This acquisition is yet another example of our continued investment in solutions that help the company better partner with our casino customers and offer the broadest portfolio of innovative products in the industry."
This news comes as SG releases its preliminary results for Q4 2017. Based on these results, the company expects consolidated revenue to increase approximately nine percent to a range of approximately US$820m to $825m for the three month period ended December 31, 2017, and full year 2017 revenue to grow approximately seven per cent.
The company further expects that its net loss for the fourth quarter 2017 will be in a range of approximately $40m to $50m, inclusive of a projected $28m of restructuring and other charges, which primarily includes costs associated with the NYX Gaming transaction that was completed on January 5, 2018. Full year 2017 net loss is expected to be in a range of approximately $238m to $248m. Fourth quarter 2016 net loss was $111m and full year 2016 net loss was $354m.
"Our preliminary results for the fourth quarter 2017 reflect our focus on generating top-line growth and ongoing improvements across our gaming, lottery and interactive operations," said Kevin Sheehan, CEO and president of Scientific Games.
