When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SCPL - Vegas Closure Might Bankrupt Scientific Games
SciPlay Corporation
Summary - The dangers of "bankable income"
Usually income from gambling systems is about as safe as you can get. It continues during storms, recessions and the financial crisis. This confidence has allowed Scientific Games (SGMS) to accumulate $9.5 billion in debt. Last year this cost them $589 million in interest costs, which was more than cash flow from operations. But the virus imposed shutdown looks like it might bring it all tumbling down.
SGMS's interest costs have exceeded cash flows for many years, despite steadily increasing EBITDA. Just last year we wrote