SCIENTIFIC GAMES CORP
SGMS
Consumer Discretionary
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Scientific Games Corporation, now operating as Light & Wonder, is a global gaming company that derives its revenue from the design, manufacture, and distribution of gambling products and services. Its core business includes supplying slot machines, casino management systems, and table games to land-based casinos, as well as providing content and platforms for online casino and iGaming markets. The company's operations are central to the global gambling industry.
In August 2018, a U.S. jury ordered Scientific Games to pay $315 million in an antitrust case. The verdict found the company had engaged in anticompetitive conduct related to its gambling products, specifically in the market for instant lottery games. This legal finding underscores the company's entrenched role in the gambling ecosystem.
The company has undergone a strategic refocusing, selling its lottery and sports betting divisions to concentrate on its casino gaming business. This shift emphasizes its ongoing and primary commitment to serving the casino gambling sector, rather than representing a move away from gambling-related activities altogether.
Research Sources
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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