that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . february 2015 learn how and when to remove this template message scientific game s corporation type public traded as nasdaq sgms industry gaming predecessor autotote founded 1973 1973 1 founder john koza daniel bower headquarters enterprise nevada key people gavin isaacs president and ceo 2 ronald o. perelman chairman 2 revenue 1.786 billion usd 2014 operating income 2.2 million usd 2014 net income 234 million usd 2014 total assets 9.995 billion usd 2014 total equity 3.9 billion usd 2014 subsidiaries wms industries bally technologies website scientificgames.com scientific games corporation is an american company that provides gambling products and services to lottery and gaming organizations worldwide . the company is headquartered in enterprise nevada . 3 products include instant lottery games lottery gaming systems terminals and services internet applications server based interactive gaming terminals and gaming control systems . scientific games introduced the first secure instant lottery ticket in 1974 . 1 through high security techniques including complex algorithms printing treatments encryption and firewalls scientific games ensures that no one knows where a winning ticket is . they provide lottery retailers with secure point of sale systems that print mega millions and powerball tickets . over the last ten years scientific games has added loyalty and reward websites where players can earn points and prizes on non winning tickets bought at retail . 4 in 2012 global lottery revenues totaled 262 billion . 5 in 2011 u.s. lottery revenues totaled 56 billion with approximately 30 % of total revenues directed to government transfers . there are currently 44 states and territories in the u.s. that offer government operated lotteries . 6 contents 1 history 2 subsidiaries 3 controversy 4 see also 5 references 6 external links history edit two leading totalizator companies were combined in 1989 when united tote purchased autotote systems inc. from thomas h. lee 7 8 before the companies operations could be integrated the merger was challenged by federal antitrust regulators . 7 a 1991 court ruling forced the company to split back up . the former united tote assets were sold back to that company s founders the shelhamer family and what remained of the company was renamed as autotote corporation . 7 9 in 2000 autotote corp. bought scientific games holdings corp. the leading maker of instant lottery equipment for 308 million . 10 11 scientific games had been founded in 1973 and introduced the first secure instant lottery ticket in 1974 . 1 the combined company changed its name from autotote to scientific games corporation in 2001 . 12 by 2002 two thirds of the entire 20 billion annually wagered on racing in north america was tracked by autotote computers . 13 autotote supplied pari mutuel wagering systems worldwide . these were automated computerized off track and on track systems for betting on horse races and greyhound racing . it was an integrated system for off track betting keeping track of race results and winning tickets and race simulcasting . in 2006 scientific games acquired the global draw which provides server based gaming machines to betting shops in the u.k. the company has added to its position in the u.k. by acquiring games media specializing in server based digital gaming and entertainment solutions to u.k. pubs in 2007 and barcrest from igt in 2010 . barcrest develops slot machines and game content for casinos in the u.k. and other european markets . 14 in 2007 the new york times credited scientific games and gtech for transforming what was known historically as an underground operation run by mobsters into a lucrative state sponsored corporate enterprise . 1 the autotote racing division was sold to sportech plc in 2010 . 15 in october 2013 the company bought wms industries the third largest manufacturer of slot machines for 1.5 billion . 16 on june 10 2014 the company appointed gavin isaacs president and ceo . 17 in september 2014 scientific games corporation extended their deal with the slovakian national lottery tipos a.s. for another 4 years . 18 in november 2014 scientific games acquired slot machine maker bally technologies for 3.3 billion plus 1.8 billion in assumed debt . 19 subsidiaries edit wholly owned subsidiaries of scientific games corporation 20 bally technologies wms industries mdi entertainment llc sciplay the global draw games media sold to gamestec part of the novomatic group barcrest along with its own operations scientific games owns significant stakes in the following companies 21 20 % lotterie nazionali italy s instant game largest instant game in the world 49 % csg lottery instant lottery games in china 50 % guard libang lottery systems and services in china 20 % northstar lottery group private manager of illinois state lottery . was the first state awarded private contract july 2011 20 % sportech united kingdom betting site . 29.4 % robert communications network communications provider . controversy edit the security of autotote software for the racing industry garnered media attention in 2002 when one of their software developers attempted to steal 3 million through a hole in their software and processes described as ... an example of a very simple exploitation of a rather stupid design flaw . 13 the role of autotote s software in the 2002 breeders cup betting scandal caused the national thoroughbred racing association to take swift action in the face of a growing outcry once the nature of the scam emerged . it required all tote companies to modify their software to allow bets to be forwarded immediately after a race closed . 22 the autotote racing division was sold to sportech plc in 2010 . 15 in december 2008 then ceo a. lorne weil s son luke weil 23 24 was employed as director international business development . 25 see also edit lottomatica intralot gtech s.p.a. references edit a b c d divide and conquer meet the lottery titans . retrieved 2007 10 21 . a b david l. kennedy appointed as president and chief executive officer of scientific games . marketwatch.com . 19 november 2013 . retrieved 20 november 2013 . http www.scientificgames.com investors . missing or empty title help a dollar and a dream . retrieved 2012 04 07 . la fleur s 2012 world lottery almanac . retrieved 2013 01 01 . lottery sales rise to record as cash hungry states search for more revenue . retrieved 2011 11 13 . a b c phyllis berman november 9 1992 . home on the range . forbes . via highbeam business subscription required u.s. v. united tote inc. 768 f.supp . 1064 d. del . 1991 . form 10 k annual report report . autotote corporation . january 26 1996 . retrieved 2015 03 11 via edgar . autotote completes acquisition of scientific games press release . autotote corp. september 6 2000 . retrieved 2012 06 01 . autotote purchase of scientific games is set for 310 million . wall street journal . via proquest . may 19 2000 . retrieved 2012 06 01 . subscription required form 8 k current report report . scientific games corp. april 30 2001 . retrieved 2015 03 11 via edgar . a b barrett larry 2002 12 01 . how autotote insider rigged the system . ziff davis media . retrieved 2012 02 18 . igt sells british based slot machine developer . retrieved 2011 04 27 . a b nowak dan 2010 10 07 . sports haven autotote has new owner . new haven register . retrieved 2012 02 18 . scientific games completes acquisition of wms press release . scientific games . october 18 2013 . retrieved 2015 03 10 via pr newswire . http www.prnewswire.com news releases gavin isaacs named ceo at scientific games corporation 262509421.html scientific games and slovakian lottery contract extended . latestbingobonuses.com . 11 september 2014 . howard stutz november 21 2014 . scientific games completes 5.1 billion acquisition of bally . las vegas review journal . retrieved 2015 03 09 . form 10 k . retrieved 2011 12 31 . can recent lottery jackpots power scientific games to first quarter earnings beat . retrieved 2012 04 10 . finley bill 2002 11 09 . betting inquiry will include f.b.i. . new york times . retrieved feb 18 2012 . weil luke . luke weil info page . lukeweil.info . lukeweil.info . weil luke . luke weil . lweil.com . luke weil . scientific games corp form 8 k december 3 2010 . washington d.c. 20549 united states securities and exchange commission . december 3 2010 . retrieved 19 feb 2012 . external links edit scientific games v t e macandrews & forbes subsidiaries deluxe entertainment services group inc. m & f worldwide revlon scantron corporation scientific games corporation merisant related ronald perelman revlon v. macandrews & forbes retrieved from https en.wikipedia.org w index.php title scientific games corporation & oldid 734431973 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