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Scientific Games to close Texas plant

Scientific GamesScientific Games: Scientific Games to close Texas plant

Lottery operator Scientific Games Corp said it plans to close its plant in San Antonio, Texas, citing adequate production capacity in its other plants worldwide, a move that will affect about 350 jobs.

Some of the plant's technicians and managers will be offered the opportunity to relocate to other Scientific Games operations, the company said in a statement.

Scientific Games also offered severance packages, arrangements for continuity of health insurance, and outplacement assistance to those employees who were not offered relocation or who did not choose to shift.

New York-based Scientific Games, whose products include instant-win lottery tickets and point-of-sale terminals, expects the closing of the plant to be completed by the end of the year.

The plant was obtained in May 2007 as part of the company's acquisition of Oberthur Gaming Technologies, a manufacturer of instant lottery tickets, for about $100 million.

The plant closure will consolidate the company's production operation to a single site in the United States, Scientific Games said.

Reuters

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3 comments. Last comment 9 years ago by SilentObserver.
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United States
Member #1826
July 11, 2003
2645 Posts
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Posted: September 26, 2007, 1:14 pm - IP Logged

Sad actually, because this will bring more lotteries into the fold of SG's shoddy scratch-off design.

(insert signature here)

    time*treat's avatar - radar

    United States
    Member #13130
    March 30, 2005
    2171 Posts
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    Posted: September 27, 2007, 11:48 am - IP Logged

    ... citing adequate production capacity in its other plants worldwide ...

     

    ... then why not close one of its other plants and keep the American ones open? Patriot

    Thinking of...

    In neo-conned Amerika, bank robs you.
    Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

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      New Member

      United States
      Member #55454
      October 2, 2007
      4 Posts
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      Posted: October 2, 2007, 2:55 am - IP Logged

      Curious to know what the $100 MM bought them, besides less competition. Anyone?