Scientific Games Corp

Good day and welcome to the Scientific Games third quarter 2021 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. And to withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Mr. James Bombassi. Please go ahead.

Thank you, Operator. Good afternoon, everyone. During today's call, we will discuss our third quarter 2021 results in 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 certain 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 findings with the SEC. We also will 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 investor section on our website. On September 27th of this year, we announced that we had entered into a definitive agreement to sell our sports betting business to Endeavor, and on October 27th, we announced that we entered into a definitive agreement to sell our lottery business to Brookfield Business Partners. We expect to complete these transactions during the second quarter of 2022, subject to the applicable regulatory approvals and customary closing conditions. Beginning in the third quarter of 2021, we reflected these businesses as discontinued operations in our consolidated statements 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, side play, and iGaming.