Scientific Games Corporation has announced the completion of its acquisition of Barcrest Group Limited, a leading supplier of gaming content and machines in Europe. Barcrest will be integrated into Scientific Games’ wholly owned UK subsidiaries, The Global Draw and Games Media, which supply, operate and service over 29,000 gaming terminals globally. Barcrest had an installed base of over 5,000 terminals as of June 30, 2011. The acquisition of Barcrest will extend the Company’s reach to new licensed betting offices and pub locations, as well as complementary venues, such as bingo halls and other gaming centres.
Ian Timmis, CEO of The Global Draw and Games Media commented, “Over the last 40 years, Barcrest has created an expansive library of game content for the leisure industry and we’re delighted that this acquisition will enhance the Scientific Games gaming group portfolio. By combining our content with Barcrest’s, delivering it through state-of-the-art networks and offering exceptional operational and service support, we expect to offer our customers significantly enhanced products and services.”
The acquisition will also expand The Global Draw and Games Media’s international reach by providing access
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Ian Timmis
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to the video lottery industry in Italy and the Czech Republic. Additionally, Barcrest provides an existing base of business in interactive gaming, where game content is currently available through internet, mobile and other digital delivery channels.
Based on preliminary, unaudited results provided to the Company, for the twelve months ended June 30, 2011, Barcrest had revenue of approximately £41.9 million, which included approximately £23.2 million of product sales and approximately £18.7 million of recurring revenue. For the same period, Barcrest’s operating income and depreciation expense were approximately £6.5 million and £4.5 million, respectively. (E-09.26.11)
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