0000000000-18-037843.txt : 20190327 0000000000-18-037843.hdr.sgml : 20190327 20181212112840 ACCESSION NUMBER: 0000000000-18-037843 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20181212 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: SCIENTIFIC GAMES CORP CENTRAL INDEX KEY: 0000750004 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 810422894 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 6601 BERMUDA ROAD CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7028977150 MAIL ADDRESS: STREET 1: 6601 BERMUDA ROAD CITY: LAS VEGAS STATE: NV ZIP: 89119 FORMER COMPANY: FORMER CONFORMED NAME: AUTOTOTE CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TOTE INC DATE OF NAME CHANGE: 19920317 PUBLIC REFERENCE ACCESSION NUMBER: 0000750004-18-000011 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4-)>+CS],-"CD@,"!O8FH-/#PO3&EN96%R:7IE9" Q+TP@,S,V M-3DO3R Q,2]%(#(X,C$Y+TX@,B]4(#,S,S8R+T@@6R T-34@,30Y73X^#65N M9&]B:@T@(" @(" @(" @(" @(" @(" @#0HQ-B P(&]B:@T\/"]$96-O9&50 M87)M7!E+UA2968O5ULQ(#(@,5T^/G-T,C17,% PM% P-U&P ML=%W2BQ.=%#(, @P 8!0VPPT*96YD)RE5]MRVS80?==7[*,Z8S,$[^Q;[DT:.W;L-M-'B(0D MM"0@ Z04?4C?]:E=D"!#D]3$;NS12(2 /8NS>W97#XL'"!(7S'\20I1"%,60 ME?""EQL";R3<+FX7#XM7]PO\+@X]N,\7+ESB7OSP]K[YTKP\^(CK[_O7K3E" M&KL$8M=!VV'L^'!?+EZ\(T#0T'JQ_.7^;V-DL-6/B-D;A*.=;UC&RA53^'P! 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In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment apply to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our October 22, 2018 letter. Form 10-Q for the Quarterly Period Ended June 30, 2018 Note 2. Revenue Recognition Lottery Instant Products, page 14 1. We note your response to prior comment 4. Please address the following: Help us better understand the nature of the services provided in your CSP arrangements. Describe the services in detail and further explain why you believe each day of service is distinct. In addition, describe how and to what extent you manage inventory levels at the retail outlets. Michael Quartieri Scientific Games Corporation December 12, 2018 Page 2 Please further explain what consideration you gave to whether the underlying services you have identified were separate performance obligations. Your response indicates that you recognize revenue over time based on ultimate ticket activation. Please clarify this statement as your reference to activation implies that you recognize revenue at a point in time. Please quantify the revenues recognized from CSP arrangements in 2018. You may contact Eiko Yaoita Pyles, Staff Accountant, at 202-551-3587 or Christine Dietz, Assistant Chief Accountant, at 202-551-3408 if you have questions. Sincerely, FirstName LastNameMichael Quartieri Division of Corporation Finance Comapany NameScientific Games Corporation Office of Information Technologies December 12, 2018 Page 2 and Services FirstName LastName