Analyst: Scientific Games Faces Bigger Sales Drop

NEW YORK (AP) — Scientific Games Corp. will likely have a bigger revenue decline this year than initially expected, a JPMorgan analyst said Tuesday as he cut some of the casino equipment maker's earnings estimates.

Carlo Santarelli said in a client note that the New York-based company's results will be weighed down by a stronger dollar as well as softness in some of its U.S. markets and the British pubs.

Like other casino equipment companies, Scientific Games' performance has been hindered by casino operators who are scaling back on equipment purchases and replacements as they look to control costs during the recession. ...