Scientific Games Corporation, through its wholly owned subsidiary, Global Draw Limited, has acquired Barcrest Group Limited, a supplier of gaming content and machines in Europe, from International Game Technology.
Barcrest will be integrated into Scientific Games’ Diversified Gaming Group that includes its server-based gaming businesses, Global Draw and Games Media. The deal will extend the company’s U.K. presence to new betting shop and pub locations as well as complementary gaming venues, such as bingo halls and other gaming centers, along with providing access to new video lottery customers in Italy and the Czech Republic. Barcrest also provides the Company with 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 Scientific Games Corporation, 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. Barcrest had an installed base of over 5,000 terminals as of June 30, 2011.
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