Scientific Games Corporation (NASDAQ:LNW) Q1 2022 Earnings Conference Call May 10, 2022 4:00 PM ET
Company Participants
Jim Bombassei - Senior Vice President of Investor Relations
Barry Cottle - Chief Executive Officer
Connie James - Chief Financial Officer
Conference Call Participants
Barry Jonas - Truist
Ryan Sigdahl - Craig-Hallum
Jeff Stantial - Stifel
Chad Beynon - Macquarie
Zach Silverberg - Berenberg
Operator
Good afternoon and thank you for attending today's Scientific Games First Quarter 2022 Earnings Call. My name is Sam and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. [Operator Instructions]
At this time, I'd now like to turn the call over to our host, Jim Bombassei Senior Vice President of Investor Relations. Jim?
Jim Bombassei
Thank you, operator. Good afternoon, everyone. During today's call, we will discuss our first quarter 2022 results and operating performance followed by a question-and-answer period. With me today are CEO, Barry Cottle; and CFO, Connie James.
Our call today will contain statements that include forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements involve certain risks and uncertainties that could cause actual results to differ materially from those discussed during the call. For information regarding these risks and uncertainties, please refer to our earnings release issued earlier this afternoon, the materials relating to this call posted on our website and our filings with the SEC.
We will also discuss certain non-GAAP financial measures. A description of each non-GAAP measure and a reconciliation of each non-GAAP measure to the most directly comparable GAAP measure can be found in our earnings release, as well as in the Investors section on our website.
On September 27, 2021, we announced that we had entered into a definitive agreement to sell our sports betting business to Endeavor. On April 4, 2022, we completed the sale of the lottery business to Brookfield Business Partners L.P. with the exception of certain lottery business subsidiaries, which are expected to close shortly.
Beginning in the third quarter of 2021, we have reflected these businesses as discontinued operations in our consolidated statement of operations and reflected the assets and liabilities of these businesses as held for sale in our consolidated balance sheets for all periods presented.
We are reporting our results of continuing operations in three business segments: Gaming SciPlay and iGaming. Amounts and disclosures referring to combined include both our continuing and discontinued operations.