Page 752 CDC Gaming Reports
COVD dsruptons contnue to bte at Scentfc Games
Posted on May 22, 2020 by Cory - Other
Rather than lay out detailed plans and procedures for reopening the tribe's casino, the Pauma Band of Luiseño Indians in Southern California is taking a different approach.
The tribe said Thursday there are several reasons why it will not reopen Casino Pauma in north San Diego County this week. Casino Pauma, along with other tribal gaming facilities in California, suspended operations in mid-March to help slow the spread of the coronavirus pandemic.
"We are prioritizing safety above all else, and this is one way we can keep our customers and employees safe," Jay Tindall, director of finances for Casino Pauma, said Thursday.
Pala Casino Resort and Harrah's Southern California, Casino Pauma's closest competitors on California Highway 76, will reopen on Friday. Further north, in Temecula, Pechanga Casino Resort plans to reopen in early June.
Tindall said Casino Pauma has not yet set an opening date. The tribe is choosing to follow the advice of California Gov. Gavin Newsom and guidance from government and health officials on when to reopen.
Casino Pauma general manager Jim Thomson said in a statement that the tribal government will "in the spirit of our sovereign and sovereign relationship" accept the governor's "recommendation or remain closed until we are confident that it is safe for us to reopen."
Last week, Newsom called on tribal leaders in a letter to them to keep their casinos closed.
"I understand that several tribal governments are planning to reopen casinos on their lands. This deeply concerns me and I urge tribal governments to reconsider and instead base their decision on consistency with the current local public health situation and the statewide reopening phase."
The governor said he understands that the partial reopening of casinos is important to tribes' ability to raise government revenue that allows them to care for their communities.
"However, I cannot emphasize enough that the risk of COVID-19 transmission remains a serious threat to all Californians," Newsom wrote, adding that the state Department of Health has not authorized entertainment businesses that draw large crowds to operate.
Casino Pauma is one of the few facilities waiting for resuming in the San Diego area. This week, in East San Diego County, Bierhas Casino & Resort, Sikuan Casino Resort, Valley View Casino & Hotel, and Jamle Casino have all resumed.
According to Tindal, the managers of the casino Pauma recognized the long rows of customers waiting to enter the casino.
Meanwhile, in Riverside County, located just north of San Diego, three casinos, including large casinos and Morongo, were scheduled to resume on Friday. In the northern California, tribal casinos have resumed.
Casino Pauma has no hotel, but runs a 40, 00 0-squar e-foot casino with three restaurants, 1, 050 slot machines and 16 table games. There are 350 employees working in this casino.
According to Tindor, the casino call center has a telephone message of about 100 a day on when it will resume.
The casino team has already implemented a variety of health and safety protocols as a preparation to welcome customers. Capacity on the slot floor is to secure space by reconstructing floor layouts using tripods, and to set up a space between customers by making games in four pairs, making efforts to reduce social distance. Reflected and reduced the number of operating games to about 700.
"Our team did a wonderful job to leave the floor," said Tindor. "I think it can be said that our slot floor will change drastically for a while."
Casino Pauma's customer base is mainly in San Diego Pauma Valley, which is primarily expanding citrus trees.
During this time, the tribes have been working to support local communities.
During the closing period, casino Pauma helped employees applying for unemployment and government office procedures.
Furthermore, the tribal council instructed the casino pauma to open a Pauma Store, and employees, neighboring tribes, surrounding areas, dry goods, cans, cans, COVID-19 safe products, and other difficult daily necessities. I was able to order the product online. Pauma Pavilion had a driv e-through area.
"Tribal) Chairman Temet Aguila, the tribal council, and the leaders of the casino Pauma believe that gambling is not gambling for the health and safety of guests." Safe, patient and compassionate behavior I recommend it to you (I'm looking forward to the regulation and the guests return. "
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Caesars Palace, Flamingo will be Caesars Entertainment’s first Strip resorts to reopen
Posted on May 22, 2020 by Cory - Other
Caesters Palace and Flamingo Las Vegas are the first strip facilities to resume after the gaming closure in the state has been stopped by Caesters Entertainment.
Saess, which has eight resorts and LINQ promenade on strips, stated in a statement that it will provide accommodation, meals, outdoor pools, slot machines and table games at Caesters Palace and Flamingo.
COVID-19 casinos and gaming facilities in Nevada have been closed since mid-March to stop the trend of Coronavirus. Governor Steve Saizolak will be decided during the resumption of the casino, and the gaming control board will supervise the process.
CAESARS's CEO Tony Rodio said that the resumed facilities will be operated along the physical distance guidelines and enhanced protocols on health and safety. CAESARS also stated that it would stop Las Vegas's paid sel f-parking fee.
The Gaming Floor of Harraz Las Vegas and Link Resort is scheduled to resume the next strip district, which is based on customer demand.
"Resuming Las Vegas with a ste p-up approach will be an important milestone for Caesters Entertainment to recover from this necessary closed period.
The ste p-b y-step approach is the same as the resumption of other companies planned in multiple facilities. MGM Resorts International, which has 10 facilities on the strip, first resume New York and New York and Bellagio. Las Vegas Sands resumes the Venetian hotel, but Palazzo will not resume. Red Rock Resorts will resume six local casino hotels, but will resume four houses, including of f-strip Palms.
"Rodio is excited about welcoming guests and employees to our facilities." I'm grateful for the efforts of the people on the forefront to address this public health. We hope that with the continuous progress of the country i n-19 and the business status, we will resume more facilities, and if it is appropriate, we can recall more colleagues.
In addition, Caesers hopes that some retailers and restaurants along the LinQ Promenade will be resumed.
Live entertainment, bars, spas, buffets and valet parking will not resume immediately.
Caesars' other Las Vegas properties and restaurants will reopen based on customer demand.
Caesars recently announced enhanced health and safety protocols and more frequent cleaning and disinfecting. Caesars will also implement a health screening program for all employees to determine which employees will need to be tested for COVID-19 before returning to work, and will conduct temperature checks of employees before every shift thereafter.
Employees will be required to wear company-issued masks. Guests will also be provided with masks and are strongly encouraged to wear them throughout their stay.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Scientific Games brings on new CFO as company continues to deal with pandemic fallout
Scientific Games has jumped into the technology and computing sector to replace its chief financial officer in an effort to land the Las Vegas-based gaming equipment provider's next financial leader.
Michael Quartieri will remain with Scientific Games full-time until June 30, when he will transition to a consulting role until December 31.
Eklund has more than 20 years of experience in both finance and operations at Dell Technologies, where he led value creation and integration for the $67 billion Dell-EMC merger. He also served as CFO of Dell's $40 billion-plus Client Solutions business and Global Operations organizations.
"He has extensive experience in financial and operational leadership and is passionate about aligning all aspects of a company's finances and operations with its core business model," Scientific Games CEO Barry Cottle said in a statement.
Scientific Games CFO Michael Eklund
Scientific Games has made several key hires over the past year, including Matt Wilson as CEO of the games division, Rich Schneider as chief product officer, and Jamie O'Dell as special advisor to Cottle.
"Macquerley Securities gaming analyst, Chad Bennon, said," Scientific Games is a high leverage, but in a normal environment, it is a business that creates a high free cash flow. We believe that there is a powerful asset value in different business segments, and the next CFO will have to verify these values.
Mr. Ecourund joins Scientific Games, which provides equipment and technologies to both casino industries and government lotteries, is dealing with the impact of Coronavirus. be. Casino nationwide has been suspended since mi d-March, but has begun to resume business gradually.
In March, Scientific Games has temporarily closed unpublished employees, reducing the salaries and working hours of other employees, reducing the salaries of executives by 50 %. The cottle has returned the entire salary. In April, Scientific Games announced in the second quarter of $ 100 million costs, withdrawing $ 480 million credit.
Cottle added that Cuotieri wanted to retire earlier this year, but has agreed to remain to help the company survive the crisis after the COVID-19 pandemic has occurred. He evaluated Quotieri's "efforts to reduce cash while maintaining major businesses." Cottle added that Scientific Games would be reborn from pandemic as a "even more powerful competitor."
Quotier is trying to go to a new industry other than the game.
Suntast Robinson's gaming analyst, Barry Jonas, told investors that they did not look at the change of CFO as "negative reading."
"Kuoti Eli has been a CFO of Scientific Games for four years under three CEOs and then moved to private duties other than the gaming industry." Ekland is both finance and management. I have a background, so I think it can be adapted immediately.
Most of the decisions on financial and financial decisions were by the billionaire Ronald Pelermann, and Pelerman was scientific through his own holding company, Maccand Lews & Forbes. He added that he owns about 40 % of Game's shares.
On Thursday, Scientific Game's stock price was closed at $ 14. 37, which was 8 cents (0. 55 %) in the Nasdaq market.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Posted: May 21, 2020 Author: Cor y-Others
California: Red Hawk Casino reopening delayed until June 8
Scientific Games has jumped into the technology and computing sector to replace its chief financial officer in an effort to land the Las Vegas-based gaming equipment provider's next financial leader.
In a statement, the Shingle Springs Band of Miwok Indians tribal leaders and casino management team said they made the decision "based on the latest and updated public health information and to ensure the safest environment for employees and guests."
The tribe has implemented a full and comprehensive health and safety plan for the casino, which includes: reduced social distancing between casino guests who do not live in the same household, thermal temperature checks for guests and team members at all casino entrances, face masks or coverings for guests and team members, reduced number of open slot machines and seats at table games, increased hand sanitizing stations throughout the casino; chip cleaning throughout the casino, frequent sanitizing of high-touch surfaces, additional sanitizing upon request at slot machines, reduced seating in restaurants with disposable paper menus, no self-service food and beverages, and retraining all team members on proper hand washing and sanitizing procedures.
Posted on May 21, 2020 by Cory - Other
Mississippi became the second major commercial gaming state to reopen casino operations Thursday, nearly two months after the coronavirus pandemic shut down the more than $2 billion casino industry.
Updated: Mississippi casinos reopen after two-month closure due to coronavirus
Scientific Games has jumped into the technology and computing sector to replace its chief financial officer in an effort to land the Las Vegas-based gaming equipment provider's next financial leader.
Casinos have reconfigured gaming floors to comply with social distancing guidelines. Some casinos and resorts have announced they will suspend gaming activities for a period of time each day to sanitize machines and tables. Plastic shields have been installed around cashier stations. State gaming commissions are limiting the number of players in blackjack and other table games. Casinos are required to install hand sanitizing stations.
Louisiana became the first major commercial state to reopen on Monday. According to the American Gaming Association, 137 commercial and tribal casinos in more than a dozen states have reopened in the past two weeks after COVID-19 outbreaks forced the closure of nearly 1, 000 gaming establishments in 43 states.
"We are excited to safely open our Louisiana properties and welcome back our Mississippi guests on Monday," Eldorado Resorts President Anthony Carano said in a statement. The Reno-based company has reopened Isle of Capri in Lula, Lady Luck Casino Vicksburg and Tropicana Casino in Greenville.
Mississippi has 26 casinos, making it the largest commercial gaming market, according to the AGA. The state's casinos support more than 37, 200 jobs and contribute just under $1 billion to the state in tax revenue and tribal gaming revenue share.
At least three dozen people were in line to get into Vicksburg's Waterview Casino, which opened Thursday. A manager came outside and counted down the time to the opening. Guests were allowed in one at a time. They were screened for COVID-19 symptoms and were encouraged to wear masks, but many already had their own.
Video game and slot machines were marked with notices to disinfect before use. Stickers on the floor reminded people to stay at least six feet apart.
MGM Resorts International announced earlier this week that it would reopen its Gold Strike Casino in Tunica on Monday and Beau Rivage in Biloxi on June 1.
Other businesses reopened on Thursdays.
Penn National Gaming, which reopened five casinos in Louisiana on Monday, reopened another five casinos in Mississippi on Thursday: 1st Jackpot Casino Tunica, Ameristar Casino Hotel Vicksburg, Boomtown Casino Biloxi, Hollywood Casino Gulf Coast and Hollywood Casino Tunica.
"We continue to work closely with regulators and state and local leaders to prepare for the eventual reopening of all our properties across the country," Penn National CEO Jay Snowden said in a statement.
Boyd Gaming, which reopened three Louisiana casinos on Monday, reopened IP Casino Resort in Biloxi and Sam's Town Hotel & Gambling Hall in Tunica.
Las Vegas-based Full House Resorts Inc. reopened the Silver Slipper in Bay St. Louis, a hotel-casino that accounts for 44% of the company's annual revenue.
Churchill Downs reopened Harlow's Casino Resort & Spa in Greenville and the Riverwalk Casino Hotel in Vicksburg.
Several casino operators saw their stock prices rise on Thursday. Eldorado Resorts rose $1. 43, or 4. 58 percent, to $32. 68, while Penn National shares closed up $2. 84, or 10. 61 percent, at $29. 65.
(Contributed by The Associated Press)
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Posted: May 21, 2020 Posted by: COR Y-Others
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
AGS announces partnership with Kindred Group to provide igaming in New Jersey
Scientific Games has jumped into the technology and computing sector to replace its chief financial officer in an effort to land the Las Vegas-based gaming equipment provider's next financial leader.
AGS's executive vise president Matt Riback said, "Kindred's Unit brand introduces our AGS games to thousands of new fans and partnered with one of the world's largest online game operating companies. This will be possible.
According to Manual Stan, a senior vice president of Kindred Group U. S., "AGS games are certainly good for US players seeking high volatility thrills and functions, including pickem bonuses, progressive jackpots, and free games. It is known.
AGS is a Rush Street Interactive, Caesars Entertainment, Golden Nugget, Kindred Group, Mohegan Sun, Resorts World, PARX CASINO. We provide game content to seven online operators.
Posted: May 21, 2020 Posted by: COR Y-Others
Gaming industry leaders are calling again to change the jackpots and bingo prizes for bingo.
Administration’s effort for pandemic-related regulatory reform could change jackpot reporting threshold
Scientific Games has jumped into the technology and computing sector to replace its chief financial officer in an effort to land the Las Vegas-based gaming equipment provider's next financial leader.
The U. S. Gaming Association stated that raising the jackpot reports that have been implemented in 1977 on Wednesday will be useful for modernization of the casino industry.
AGA Bill Miller's Chief Executive Officer (CEO) has shown by the Presidential Ordinance that this change will promptly identify the opportunity for regulation reforms that will be used for employment and promoting economic growth under the trend of colonovirus. He said it was the goal of the administration.
Miller had the impact of COVID-19 on the casino industry. Since mi d-March, about 1, 000 commercial casinos and tribal casinos in 43 states have been closed to delay the expansion of pandemic. Since last week, a dozen casinos have begun to resume gradually.
Washington D. C. gaming leaders and supporters stated that $ 1, 200 jackpots were cut down for inflation, and the obligation to report to the jackpot more than that is overloading the industry.
More than a year ago, the mirror stated that raising the jackpot's standard was the top priority of AGA. The organization has been working to update the Ministry of Finance to update the slot's jackpot reporting standards to "realistic levels that match inflation."
According to the Federal Rules, if a casino customer has won a jackpot of $ 1200 or more in a slot machine, the machine will temporarily stop the service and the customer will need to enter it in the W-2G tax report.
"The current standard amount is outdated, and it imposes a large compliance burden on both the National Government Agency and the gaming industry," says Miller.
Slot's jackpot has been steadily increasing with inflation over the past few decades.
"Raising (the threshold) can not only focus on the limited taxpayers of the IRS, which is the most likely to have a net slot prize at the end of taxation, but also gaming employees. Millers will significantly reduce the closest exchanges required to issue tax returns among regular customers, "Miller said.
In addition, this policy change has been supported by a supervisor member, saying, "It was a situation that has already been waited before the pandemic, but it has become even more important in the gaming industry to break out of this crisis. "
Last year, Dina Titus, a Nevada state, and Darulin Ruffed, the Illinois state, asked the Ministry of Finance to raise the report criteria.
The request was about four years after the gaming industry and its representatives repelled that IRS tried to lower the reporting criteria to $ 600. IRS was also considering that casinos obliged the player's electronic tracking for tax returns.
AGA's led grass roots have contributed to prevent this proposal.
Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.
Posted on May 21, 2020 by Cory - Others
Posted: May 21, 2020 Author: Cor y-Others
Nevada gaming regulators to hear from health and safety experts as casino market nears potential reopening
Scientific Games has jumped into the technology and computing sector to replace its chief financial officer in an effort to land the Las Vegas-based gaming equipment provider's next financial leader.
On Wednesday, "The Committee can obtain COVID on Wednesday," on Wednesday, "how the local health and public security authorities responded to COVID. To be able to get information, "he said he plans this workshop to be live streaming on a virtual platform.
The largest gaming industry in Nevada, the largest in the United States, has been completely closed since March 18 as part of the unnecessary urgent business suspension ordered by Governor Steve Saizolak to delay the spread of viruses.
Chairman Sandra Douglas Morgan, the Nevada State Gambling Management Committee
With this closure, hundreds of thousands of casino employees were unemployed, and the income of gaming and no n-gaming in Nevada was almost zero for nine weeks.
In the nearby California and Arizona, tribal casinos have resumed in the past week, and local gaming markets, including Monday, and Mississippi, which are scheduled to open on Thursday, have begun to resume.
Sisolak resumed some of Nevada's economy on May 9 after Nevada met some standards set by medical experts. The casino is scheduled to resume at the next stage, but Sisolak will be decided at that time. According to Morgan, the regulatory authorities are determined by the regulatory authorities, and the state of the state will be decided.
Nevada's gaming regulatory authorities have approved a series of health and safety guidelines that gaming operators must follow the facilities. Operators need to submit their own health and safety plans to the control board before resuming the facility. Some casino companies such as Win Resorts, Las Vegas Sands, MGM Resorts, Station Casino, and Boyd Gaming have published all or some of these plans.
Las Vegas Culinary Union, a representative of hotels and casino employees, calls for all the plans submitted to the management committee, but Morgan stated that he could not make a plan on the state law. 。
Morgan said that listening to the opinions of health and safety experts was "useful for the board."
According to the agenda, Morgan has invited to the hearing Caleb Cage, the state's COVID-19 response director; Mason Van Houveling, CEO of University Medical Center in Las Vegas; Fermin Leguen, district health officer for the Southern Nevada Health District; Clark County Fire Chief John Steinbeck; Anthony Slonim, CEO of Renown Health in Reno; and Dean Dow, CEO of the Regional Emergency Medical Services Agency in Washoe County.
Over the past month, several casino operators on the Las Vegas Strip have hinted at plans to reopen, possibly by June, with some announcing plans for phased reopenings of multiple casinos. Many casino operators had been accepting hotel reservations through May, but those plans have now been canceled. Las Vegas Sands announced this week that it will begin accepting reservations for the Venetian starting June 1.
The Gaming Control Board guidelines, consisting of a seven-page document dealing with resort casinos and local gaming establishments, and a four-page notice for businesses with up to 15 slot machines, such as taverns, bars, restaurants, convenience stores and supermarkets, set out initial requirements for operations, customers and employees.
Resort-operated casinos will be limited to 50% or less of their maximum capacity, will have to increase the spacing between slot machines, and will be required to limit seating at table games to three people for blackjack, six people for craps, four people for roulette and four people for poker.
Casinos will also have to comply with state and health authority requirements regarding the use of medical masks and other personal protective equipment and make them available for resort guests and employees. It is up to the casinos to decide whether masks are required, but most casinos in Nevada have said they will require employees to wear them.
Like resort casinos, small-scale establishments will have their occupancy reduced by 50%, and taverns will have limited numbers of bar-top slot machines available at any given time as a social distancing measure.
Howard Stutz is executive editor of the CDC Gaming Report. Contact him at hstutz@cdcgaming. com. Follow him on Twitter @howardstutz.
Posted on May 21, 2020 by Cory - More
Posted: May 21, 2020 Author: Cor y-Others
Washington: Muckleshoot Casino and Bingo Reopening
Scientific Games has jumped into the technology and computing sector to replace its chief financial officer in an effort to land the Las Vegas-based gaming equipment provider's next financial leader.
Highlights of our reopening program include physical distancing enforcement, aggressive deep cleaning and sanitation, multiple hand sanitizing stations throughout the building, plexiglass shields in close contact areas, and mandatory temperature checks for all guests and employees upon entering the building. Smoking will also be prohibited in the casino and bingo. Smoking will also be prohibited in the casino and bingo. The Tribe will closely monitor operational and public health data and is prepared to make any necessary changes as it gains experience operating in this new environment.
Posted on May 21, 2020 by Cory - Others
As the coronavirus pandemic closes casinos across the U. S., Saratoga Harness Racing has terminated its previously announced agreement with American Gaming Group to acquire Wildwood Casino in Cripple Creek, Colorado. Both parties determined the termination was necessary due to the economic impact of the health crisis.
"At this time, we believe it is in the best interest of both companies and our respective casinos to cancel the transaction in order to focus on doing what's best for our casinos and players," said Joe Canfora, owner of Wildwood Casino.
Colorado: Saratoga Harness Racing terminates acquisition of Wildwood Casino
Scientific Games has jumped into the technology and computing sector to replace its chief financial officer in an effort to land the Las Vegas-based gaming equipment provider's next financial leader.
In mid-April, Wildwood distributed a digital survey to its database of players asking what was important to them about returning to the casino. Nearly 1, 400 players participated in the survey.
"We received a lot of great input from our players, and now we're using their feedback to create a comprehensive health and safety plan that goes above and beyond county and state mandated precautions," said Matt Andrighetti, assistant general manager at Wildwood Casino.
Along with preparing for the casino's reopening in a big way, Wildwood is also working on a number of other initiatives despite the pandemic. Construction is underway on a $14 million hotel with 104 rooms. Sports betting will also begin soon. And the casino restaurant, Joe's Diner, will be renovated with a new theme, design and menu for players and sports bettors.
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Scientific Games (SGMS) Q1 2020 Earnings Call Transcript
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NASDAQ: LNW
Light & Wonder
(0. 90%) $0. 99 Current Price $111. 47 Current Price as of 4:00 PM ET on September 13, 2024 SGMS's fiscal year ending March 2020 earnings call. Image source The Motley Fool Scientific Games (LNW 0. 90%) Q1 2020 Earnings Conference Call May 11, 2020, 4:15 p. m. ETComments
Questions and Answers
Call Participants
Contents:
- Operator
- Good afternoon, and welcome to the Scientific Games Q1 2020 Earnings Conference Call. [This event is being recorded. I would like to turn the call over to Trent Crews.
- Please continue.
Prepared Remarks:
Trent Crews -- Senior Vice President of Investor Relations
Good afternoon, operators. On today's conference call, we will discuss our financial and operational results for the first quarter of 2020, followed by an opportunity for questions and answers. My hosts today are Barry Cottle and Michael Quartieri. Today's conference call will contain 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 a discussion of these risks and uncertainties, please refer to the earnings release released this afternoon, the materials related to this call posted on our website, and our SEC filings. We also discuss certain non-GAAP financial measures. A description of each non-GAAP measure and a reconciliation of each non-GAAP measure to its most directly comparable GAAP measure is included in the earnings press release and in the "Investor Relations" section of our website.
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This telephone conference has been recorded. The rebroadcast and accompanying material of this webcast will be arched to the investor section of our website Scientificgames. com. You can also see the supplementary reference slide on our investor website. The management team does not talk directly while watching the slides, but these slides are to make it easier for you to confirm our performance and use it as a reference material after the telephone conference.
Then, turn Barry. Barry?
Barry Cotttl e-Sea
Thank you, Trent. Hello everyone. We are now working at a really special time. It's a big challenge, and at the same time, many opportunities are waiting. First of all, I would like to express my sincere gratitude to all the people affected by this global trend on behalf of the company.
In this crisis situation, I would like to express my sincere gratitude to those who are working hard to protect the safety of us, especially those who are active at the forefront of the medical community. I also want to express my gratitude and respect for my colleagues. I have never been so proud that everyone was able to lead each other, a partner, and a team standing up to help the company. In such a situation, we continue to return to the purpose of creating great profits loved by partners and players.
First of all, we will tell you that our financial situation is very healthy. Next, we will respond to this trendy demand and take the best position in the recovery of the market. And finally, what kind of prospects we are depicting in order to make use of important strengths through our diverse businesses and achieve strong achievements in the near future. At the end of last year, most of the debt was refinanced, extending its maturity and reducing the interest paid.
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
Therefore, we established a hardship rescue fund to support these employees and their close relatives. We are convinced that we can survive this storm as much as possible. We are also convinced that the measures we are currently taking will take advantage of the opportunity to strengthen our business and get more ready to survive the crisis than before. We have a variety of assets, products, and services portfolios, and we have a unique system to address this crisis. From Q, I will explain the general trends of the Group's business division, the strategic measures taken by the Group to reduce the impact of the financial crisis, and the fluid position.
After that, I would like to talk about how we will get results in the near future. Q?
Michael Cartial i-Executive Vice President, Supreme Finance Officer, Finance and Corporate Secretary
Hello everyone. Regarding the achievements in the first quarter, rather than conducting a detailed review that I am doing typically, I explained the hig h-level outline of the first quarter performance and the prepared remarks, and in the business segment. I thought it would be more useful to focus on the current trends, aggressive measures taken to reduce costs, and the latest information on liquidity. The main points for the first quarter are as follows. In particular, the first two months were strong for the first two months until the gaming business was affected by the major COVID-19. AebitDa has decreased due to the sudden drop in revenue due to pandemic. < SPAN> In fact, at the end of the quarter, han d-fluid reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
Therefore, we established a hardship rescue fund to support these employees and their close relatives. We are convinced that we can survive this storm as much as possible. We are also convinced that the measures we are currently taking will take advantage of the opportunity to strengthen our business and get more ready to survive the crisis than before. We have a variety of assets, products, and services portfolios, and we have a unique system to address this crisis. From Q, I will explain the general trends of the Group's business division, the strategic measures taken by the Group to reduce the impact of the financial crisis, and the fluid position.
After that, I would like to talk about how we will get results in the near future. Q?
Michael Cartial i-Executive Vice President, Supreme Finance Officer, Finance and Corporate Secretary
Hello everyone. Regarding the achievements in the first quarter, rather than conducting a detailed review that I am doing typically, I explained the hig h-level outline of the first quarter performance and the prepared remarks, and in the business segment. I thought it would be more useful to focus on the current trends, aggressive measures taken to reduce costs, and the latest information on liquidity. The main points for the first quarter are as follows. In particular, the first two months were strong for the first two months until the gaming business was affected by the major COVID-19. AebitDa has decreased due to the sudden drop in revenue due to pandemic. In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
Therefore, we established a hardship rescue fund to support these employees and their close relatives. We are convinced that we can survive this storm as much as possible. We are also convinced that the measures we are currently taking will take advantage of the opportunity to strengthen our business and get more ready to survive the crisis than before. We have a variety of assets, products, and services portfolios, and we have a unique system to address this crisis. From Q, I will explain the general trends of the Group's business division, the strategic measures taken by the Group to reduce the impact of the financial crisis, and the fluid position.
After that, I would like to talk about how we will get results in the near future. Q?
Michael Cartial i-Executive Vice President, Supreme Finance Officer, Finance and Corporate Secretary
Hello everyone. Regarding the achievements in the first quarter, rather than conducting a detailed review that I am doing typically, I explained the hig h-level outline of the first quarter performance and the prepared remarks, and in the business segment. I thought it would be more useful to focus on the current trends, aggressive measures taken to reduce costs, and the latest information on liquidity. The main points for the first quarter are as follows. In particular, the first two months were strong for the first two months, especially until the gaming business was affected by the major COVID-19. AebitDa has decreased due to the sudden drop in revenue due to pandemic.
We have created a free cash flow of nearly $ 60 million. In addition, as the crisis expanded, business other than the game was almost always as usual. The diversity of the business has been our strengths so far, and at this time it has become even more prominent. In the gaming business, almost 100 % of casinos are closed worldwide, and the impact on the business is clear.
Even in such an environment, we have made some profits for services and employment in system business, units for opening and expanding, and international prizes. Currently, several casinos are open, and more casinos have begun to announce an overview of the reopen plan. In addition, although the initial demand environment is limited, it is expected that the casino will be implemented to reduce social distance when the casino resumes. This will lead to a specific machine covered, powered down, reduced table positions, and enhanced hygiene policies.
These measures are appropriate, and we believe that when customers return to the casino, they will be positive. Finally, we keep in mind that our business is widely dispersed between regions, tribes, commercial and local operators. In fact, about 95%of our businesses are conducted in regional casinos and tribal casinos, and these casinos are generally recovered. The lottery business is still solid.
Sales in the first quarter fell by 15 million dollars compared to the same period of the previous year, of which $ 9 million was related to the increase in sales of domestic system products in the previous year. AEBITDA has a negative impact on the Italian joint venture business AebitDa, as mentioned earlier, as mentioned earlier, as mentioned earlier. , 26 million dollars decreased. During this crisis, the main sales bases for purchasing instant tickets, such as gas stations, convenience stores, and grocery stores, were continuing to operate, so we were able to continue earning profits. As a whole, sales of domestic lotteries in such an environment have been moderately decreasing from 10 % to 15 % yea r-o n-year. < SPAN> Created a free cash flow nearly $ 60 million. In addition, as the crisis expanded, business other than the game was almost always as usual. The diversity of the business has been our strengths so far, and at this time it has become even more prominent. In the gaming business, almost 100 % of casinos are closed worldwide, and the impact on the business is clear.
Even in such an environment, we have made some profits for services and employment in system business, units for opening and expanding, and international prizes. Currently, several casinos are open, and more casinos have begun to announce an overview of the reopen plan. In addition, although the initial demand environment is limited, it is expected that the casino will be implemented to reduce social distance when the casino resumes. This will lead to a specific machine covered, powered down, reduced table positions, and enhanced hygiene policies.
These measures are appropriate, and we believe that when customers return to the casino, they will be positive. Finally, we keep in mind that our business is widely dispersed between regions, tribes, commercial and local operators. In fact, about 95%of our businesses are conducted in regional casinos and tribal casinos, and these casinos are generally recovered. The lottery business is still solid.
Sales in the first quarter fell by 15 million dollars compared to the same period of the previous year, of which $ 9 million was related to the increase in sales of domestic system products in the previous year. AEBITDA has a negative impact on the Italian joint venture business AebitDa, as mentioned earlier, as mentioned earlier, as mentioned earlier. , 26 million dollars decreased. During this crisis, the main sales bases for purchasing instant tickets, such as gas stations, convenience stores, and grocery stores, were continuing to operate, so we were able to continue earning profits. As a whole, sales of domestic lotteries in such an environment have been moderately decreasing from 10 % to 15 % yea r-o n-year. We have created a free cash flow of nearly $ 60 million. In addition, as the crisis expanded, business other than the game was almost always as usual. The diversity of the business has been our strengths so far, and at this time it has become even more prominent. In the gaming business, almost 100 % of casinos are closed worldwide, and the impact on the business is clear.
Even in such an environment, we have made some profits for services and employment in system business, units for opening and expanding, and international prizes. Currently, several casinos are open, and more casinos have begun to announce an overview of the reopen plan. In addition, although the initial demand environment is limited, it is expected that the casino will be implemented to reduce social distance when the casino resumes. This will lead to a specific machine covered, powered down, reduced table positions, and enhanced hygiene policies.
These measures are appropriate, and we believe that when customers return to the casino, they will be positive. Finally, we keep in mind that our business is widely dispersed between regions, tribes, commercial and local operators. In fact, about 95%of our businesses are conducted in regional casinos and tribal casinos, and these casinos are generally recovered. The lottery business is still solid.
Sales in the first quarter fell by 15 million dollars compared to the same period of the previous year, of which $ 9 million was related to the increase in sales of domestic system products in the previous year. AEBITDA has a negative impact on the Italian joint venture business AebitDa, as mentioned earlier, as mentioned earlier, as mentioned earlier. , 26 million dollars decreased. During this crisis, the main sales bases for purchasing instant tickets, such as gas stations, convenience stores, and grocery stores, were continuing to operate, so we were able to continue earning profits. As a whole, sales of domestic lotteries in such an environment have been moderately decreasing from 10 % to 15 % yea r-o n-year.
However, we have seen some regions turn positive in recent weeks. Internationally, we have seen significant negative impacts in some European markets as a result of the lockdowns. However, markets such as Italy are beginning to recover and are seeing a significant increase in demand. We also plan to ship a total of over 30, 000 terminals in Italy over the next few quarters, approximately 10, 000 in Turkey by the end of the year, and launch our Brazilian instant ticket lottery with our JV partner early in the fourth quarter.
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
Player conversion increased to a record 6. 3%. Average monthly revenue per payer increased 9% to $83. 58, and mobile penetration increased to 85%. As expected, based on the timeline of game enhancements, the quarter started slow, but as the quarter progressed, games improved and we saw significant increases from late March through today. SciPlay's monthly revenue in April reached an all-time high, increasing by more than 20% compared to March.
That concludes our overview of our business segments. Detailed first quarter results can be found in our press release and Form 10-Q. Next, I will discuss the strategic steps we have taken to mitigate the impact on our top line. With experience navigating the 2008-2009 economic crisis, it was essential for us to take immediate and decisive steps to reduce costs and protect liquidity.
We implemented several measures around the world. Labo r-related cost reductions include a temporary shortening of many team members, reducing salaries for salaried workers, temporarily returning, and reducing personnel. We are also negotiating with vendors to reduce all unnecessary urgent expenses and reduce both prices and expenditures. The capital investment in the second quarter has been reduced by $ 50 million.
The combination of these measures is expected to reduce cash spending in the second quarter of more than $ 150 million, and can be further reduced if necessary. The current forecast is expected to use about $ 70 million to $ 90 million cash in the second quarter, and the second quarter is expected to be the lowest in sales a year. In addition, as expected in such an environment, sales costs are decreasing due to a decrease in sales. In anticipation of gaming and recovery of our business in general, we will protect very strict discipline regarding the addition of costs to business. Many of the actions we have taken will bring permanent cost reduction, become more efficient companies, and enable profitability and free cash flow to escape from this crisis. Sho.
In terms of capital investment, all no n-important capital investment has been postponed, but the number of lotteries and digital continuous investment will continue. It is expected that the capital investment in 2020 will be from $ 210 million to $ 24 billion. Nevertheless, the largest percentage of our capital investment is the cost of game management, which fluctuates. In our current assumptions, operators are cautious about purchasing new games, and although the replacement cycle is a little longer, we want to install new content and cabinets on the casino floor.
Therefore, you may have the opportunity to expand the footprint of GAME OPS. If this is not realized, capital investment will be further reduced. Cash and cash as of the end of the quarter were $ 334 million, and the liquidity was $ 967 million, including Sciplay. In the future, debt redemption is only $ 341 million for Senior Sub Note in May 2021.
Recent refinance activities have extended the remaining maturity after 2024. In addition, the credit agreement was revised and the leverage ratio ratio of the first mortgage was alleviated until the first quarter of 2021. Until the first quarter of 2021, we need to maintain a minimum of $ 275 million, excluding SCIPLAY, and may be reduced to $ 200 million during the remaining easing period. The revised clause includes additional restrictions on payment restrictions during the easing of financial restriction clause, debt and pr e-privileges, and investment.
Last but not least, with the reduction of costs, the suppression of capital investment, the diversity of the business model, and the liquidity of nearly $ 1 billion, the current crisis has survived, and when the economy has recovered, it becomes even more powerful and efficient. I am convinced that I can be reborn. Finally, thank all the team members. It was a difficult time in many aspects, but everyone survived with an effort. We are grateful for that forever.
Before the Q & A session, I would like to ask a little more about the recent successful cases from Barry and the position to enhance business and use strategic opportunities. Barry?
Barry Cotttl e-Sea
In the crisis, we tend to lose sight of lon g-term prospects, but we continue to build a better, stronger and more business for the future, gaming, lottery, and retailing sports betting. We will do our best to provide customers with the leading products and services that lead the market. Our team will win the best products, concentrate strategies, and accelerate their actions for more concentrated and effective scientific games, and what to do today. It is clear. Under Matt Wilson's new leadership, the gaming business provides a games, hardware systems, and solutions that are most important for customers, which are super concentrated on product development activities in core segments. < SPAN> Recent refinancing activities have extended the remaining maturity after 2024. In addition, the credit agreement was revised and the leverage ratio ratio of the first mortgage was alleviated until the first quarter of 2021. Until the first quarter of 2021, we need to maintain a minimum of $ 275 million, excluding SCIPLAY, and may be reduced to $ 200 million during the remaining easing period. The revised clause includes additional restrictions on payment restrictions during the easing of financial restriction clause, debt and pr e-privileges, and investment.
Last but not least, with the reduction of costs, the suppression of capital investment, the diversity of the business model, and the liquidity of nearly $ 1 billion, the current crisis has survived, and when the economy has recovered, it becomes even more powerful and efficient. I am convinced that I can be reborn. Finally, thank all the team members. It was a difficult time in many aspects, but everyone survived with an effort. We are grateful for that forever.
Before the Q & A session, I would like to ask a little more about the recent successful cases from Barry and the position to enhance business and use strategic opportunities. Barry?
Questions & Answers:
Trent Crews -- Senior Vice President of Investor Relations
In the crisis, we tend to lose sight of lon g-term prospects, but we continue to build a better, stronger and more business for the future, gaming, lottery, and retailing sports betting. We will do our best to provide customers with the leading products and services that lead the market. Our team will win the best products, concentrate strategies, and accelerate their actions for more concentrated and effective scientific games, and what to do today. It is clear. Under Matt Wilson's new leadership, the gaming business provides a games, hardware systems, and solutions that are most important for customers, which are super concentrated on product development activities in core segments. Recent refinance activities have extended the remaining maturity after 2024. In addition, the credit agreement was revised and the leverage ratio ratio of the first mortgage was alleviated until the first quarter of 2021. Until the first quarter of 2021, we need to maintain a minimum of $ 275 million, excluding SCIPLAY, and may be reduced to $ 200 million during the remaining easing period. The revised clause includes additional restrictions on payment restrictions during the easing period of financial restriction clause, the generation of liabilities, the development of liability, and investment.
Last but not least, it has survived the current crisis due to the reduction in cost reduction, the suppression of capital investment, the diversity of the business model, and the liquidity of nearly $ 1 billion, and the economy is even more powerful and efficient. I am convinced that I can be reborn. Finally, thank all the team members. It was a difficult time in many aspects, but everyone survived with an effort. We are grateful for that forever.
Before the Q & A session, I would like to ask a little more about the recent successful cases from Barry and the position to enhance business and use strategic opportunities. Barry?
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
In the crisis, we tend to lose sight of lon g-term prospects, but we continue to build a better, stronger and more business for the future, gaming, lottery, and retailing sports betting. We will do our best to provide customers with the leading products and services that lead the market. Our team will win the best products, concentrate strategies, and accelerate their actions for more concentrated and effective scientific games, and what to do today. It is clear. Under Matt Wilson's new leadership, the gaming business provides a games, hardware systems, and solutions that are most important for customers, which are super concentrated on product development activities in core segments.
This is especially true for the game optus space, which seems to be the most relevant when the operator recovers from the current environment. Furthermore, with this crisis, we will further accelerate the advancement for a more effective and efficient gaming business. In addition, it has recently been announced that Rich Schneider will be appointed as Chief Product Officer. Rich Suknider has been widely evaluated in the industry as the best in the class, known for developing an attractive corporate culture that can play excellent gaming and excellent gaming talents.
Trent Crews -- Senior Vice President of Investor Relations
Our lottery groups continue to provide great services under this crisis situation, indicating extraordinary winning rate in r e-bonding contracts. Currently, Scientific Games has been promoted to a primary supplier in Connecticut, as the recent contract renewal in Iowa, Connecticut, South Calorina, Missuri, and Washington, D. C. It is a primary supplier of all 10 instant games lotteries, which boasts the world's to p-class achievements. Also, as Q stated, sales of instant tickets have already begun to recover significantly throughout the United States. < SPAN> This is especially true for game optous spaces, which are most relevant when the operator recovers from the current environment. Furthermore, with this crisis, we will further accelerate the advancement for a more effective and efficient gaming business. In addition, it has recently been announced that Rich Schneider will be appointed as Chief Product Officer. Rich Suknider has been widely evaluated in the industry as the best in the class, known for developing an attractive corporate culture that can play excellent gaming and excellent gaming talents.
Rich is in charge of product strategies and the definition of R & D roadmaps, contributing to further enhancing the status of scientific games as a product and technology leader in the game industry. We are working on the development of technological innovation to support customers evolving, such as unpooped wallets and cashless gaming. It is not possible to predict how long this crisis will last, but we know that people have been betting for thousands of years, and COVID-19 will not end this reality. 。 Casino will be resumed, demand will recover, we will recover from this crisis, stand in an advantageous position, and be ready to win.
Our lottery groups continue to provide great services under this crisis situation, indicating extraordinary winning rate in r e-bonding contracts. Currently, Scientific Games has been promoted to a primary supplier in Connecticut, as the recent contract renewal in Iowa, Connecticut, South Calorina, Missuri, and Washington, D. C. It is a primary supplier of all 10 instant games lotteries, which boasts the world's to p-class achievements. Also, as Q stated, sales of instant tickets have already begun to recover significantly throughout the United States. This is especially true for the game optus space, which seems to be the most relevant when the operator recovers from the current environment. Furthermore, with this crisis, we will further accelerate the advancement for a more effective and efficient gaming business. In addition, it has recently been announced that Rich Schneider will be appointed as Chief Product Officer. Rich Suknider has been widely evaluated in the industry as the best in the class, known for developing an attractive corporate culture that can play excellent gaming and excellent gaming talents.
Rich is in charge of product strategies and the definition of R & D roadmaps, contributing to further enhancing the status of scientific games as a product and technology leader in the game industry. We are working on the development of technological innovation to support customers evolving, such as unpooped wallets and cashless gaming. It is not possible to predict how long this crisis will last, but we know that people have been betting for thousands of years, and COVID-19 will not end this reality. 。 Casino will be resumed, demand will recover, we will recover from this crisis, stand in an advantageous position, and be ready to win.
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
At iLottery, we continue to see great results with our lottery in Pennsylvania. As you know, the launch of iLottery in Pennsylvania is the most commercially successful iLottery launch in North America to date, and we are on track to reach the milestone of $1 billion in total sales by our second anniversary in May. While iLottery sales in Pennsylvania were already experiencing strong growth prior to the price of COVID-19, we have seen a significant acceleration in recent weeks. We expect iLottery adoption to accelerate across the state, and we are incredibly well positioned to benefit from these rapidly increased adoption levels.
We expect iGaming adoption and revenue growth to accelerate as a result of the work-from-home environment. And, as a market leader, we will benefit greatly from this trend. Wagers based on our OGS platform increased $1 billion year-over-year, reaching $9. 9 billion in the quarter. We recently partnered with Caesars, Rush Street, and Penn National to bring their popular content to our exceptional players in Pennsylvania.
Our "88 Fortunes" is the most popular game across New Jersey, and we expect to do great things in Pennsylvania. We have also signed with FireKeepers and one other provider in Michigan, where we expect to be market leading with content for all operators, regardless of platform. Michigan is also working on launching its digital marketplace sooner than expected. Additionally, we are in discussions with many other potential customers to launch in all legalized states in the U. S. We are in discussions with many other potential customers to launch in the state. And finally, we have seen incredible growth recently across Canada. We continue to be the market leader in North America, with a 40% market share in New Jersey, currently operating in four states, and on track to be operating in 13 states in the coming years. The iGaming market is expected to achieve a compound annual growth rate of 66% and reach nearly $7 billion in 2024, compared to approximately $500 million in 2019. With our leading platform, OGS and slot table content, we couldn’t be better positioned to capitalize on these expanding market opportunities, leveraging our position to be a prominent player in the future iGaming expansion.
Rich is in charge of product strategies and the definition of R & D roadmaps, contributing to further enhancing the status of scientific games as a product and technology leader in the game industry. We are working on the development of technological innovation to support customers evolving, such as unpooped wallets and cashless gaming. It is not possible to predict how long this crisis will last, but we know that people have been betting for thousands of years, and COVID-19 will not end this reality. 。 Casino will be resumed, demand will recover, we will recover from this crisis, stand in an advantageous position, and be ready to win.
The U. S. sports betting market is expected to achieve a compound annual growth rate of 51%, with GGR projected to reach nearly $8 billion in 2024, compared to just under $1 billion in 2019. The reliability and scalability of our sports betting platform, along with our investments to date in digital capabilities, position us and our customers to win and lead in the emerging sports space. In fact, we continue to expand this platform as we roll out our open market product, which serves as our sports aggregation platform.
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
As a result, Q1 continued to improve on the previous quarter with increased revenue for each month. The momentum from March has continued into Q2 and we are confident that we have the strength and momentum across all our games to outpace industry growth in 2020. We believe we are in the early stages of a multi-year revenue growth and expansion cycle at SciPlay and couldn't be more excited about the prospects and opportunities ahead. Finally, we are in a very solid financial position.
We are taking action to ensure the best position for today's environment and to establish the best position for the future. In addition, we look ahead to the entire business, utilize the main strengths, and promote powerful achievements. We are convinced that we can survive the storm as needed. And by the measures we are taking now, you can use the opportunity to strengthen your business to create more intensive and efficient scientific games, and prepare to be more prepared to escape from the crisis than before. I am convinced that I can do it. Now, we accept questions. Can you open the operator or a line for questions?
Rich is in charge of product strategies and the definition of R & D roadmaps, contributing to further enhancing the status of scientific games as a product and technology leader in the game industry. We are working on the development of technological innovation to support customers evolving, such as unpooped wallets and cashless gaming. It is not possible to predict how long this crisis will last, but we know that people have been betting for thousands of years, and COVID-19 will not end this reality. 。 Casino will be resumed, demand will recover, we will recover from this crisis, stand in an advantageous position, and be ready to win.
thank you. [The first question is Barry Jonas of Suntast. please.
Trent Crews -- Senior Vice President of Investor Relations
Hello. First. What do you think about cash barn after the second quarter? What do you think each segment will improve this year? thank you.
Barry Cotttl e-Sea
Thank you, Barry. We are in a very strong financial situation. Our business is very well dispersed with lottery, digital, and social, and everything is performing well. As a result, we continue to generate great profits and profits in such an environment.
In the second quarter, pure gold outflow of $ 70 million to $ 90 million is expected, which is less than $ 1 million per day. Currently, discussions for resumption are being held, so we believe that the second quarter will actually be the valley and will improve from there. Of course, there is a lot of uncertainty due to the influence of COVID, but we are confident that we will survive this storm due to our various portfolios and cost reduction measures. The prospects for the second quarter indicate that.
Michael Cartial i-Executive Vice President, Supreme Finance Officer, Finance and Corporate Secretary
The next question is John Decry of Union Gaming. please.
John Decr y-Union Gamin g-Analyst
Hello Barry. Hello microphone. Thank you for answering my question. I would like to ask you about the digital business and the revolutionary transactions and partners you have contracted, and what you might have mentioned in the prepared remarks.
Barry Cotttl e-Sea
Barry Cotttl e-Sea
Yes, that's right. As I mentioned earlier, we currently have the best system in the market. And, as I mentioned earlier, I strongly believe that we will win in the long term. And, as I mentioned earlier, it is actually being realized: Fanduel, Golden Nugget, Betfred, and at the moment there are some other pipelines.
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
There is also the momentum of digital introduction. The product portfolio is also enriched. So I am very satisfied with the current situation in both digital and sports fields.
John Decr y-Union Gamin g-Analyst
This is a follo w-up report about Barry and digital business. The industry has gained momentum, and recently I have seen that the market has made a fairly attractive evaluation of your same industry. What do you think about that business? Also, are you thinking about emphasizing or capitalizing the value of a digital business that the market is very interested in, like SCIPLAY?
Barry Cotttl e-Sea
Barry Cotttl e-Sea
I think New Jersey has a very powerful asset. We expect lon g-term growth, very important and strategic for Scientific Games itself. And the integrated assets and the ability to make use of it and create integrated player experiences are important for us.
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
Trent Crews -- Senior Vice President of Investor Relations
operator
Rich is in charge of product strategies and the definition of R & D roadmaps, contributing to further enhancing the status of scientific games as a product and technology leader in the game industry. We are working on the development of technological innovation to support customers evolving, such as unpooped wallets and cashless gaming. It is not possible to predict how long this crisis will last, but we know that people have been betting for thousands of years, and COVID-19 will not end this reality. 。 Casino will be resumed, demand will recover, we will recover from this crisis, stand in an advantageous position, and be ready to win.
Chad Bayno n-Maccolly Research - Analyst
Michael Cartial i-Executive Vice President, Supreme Finance Officer, Finance and Corporate Secretary
Is that within expectations? What about the opening of the casino? In that case, is the facility closed? Or is it open on June 1? Please tell us a little about what will happen.
Rich is in charge of product strategies and the definition of R & D roadmaps, contributing to further enhancing the status of scientific games as a product and technology leader in the game industry. We are working on the development of technological innovation to support customers evolving, such as unpooped wallets and cashless gaming. It is not possible to predict how long this crisis will last, but we know that people have been betting for thousands of years, and COVID-19 will not end this reality. 。 Casino will be resumed, demand will recover, we will recover from this crisis, stand in an advantageous position, and be ready to win.
Yes, Chad, Q. It is a balanced approach. The very important thing in understanding cash burn is that there are currently three very strong operating segments. Barry mentioned digital good performance, but at least from Igaming's point of view, there are few sports, but the business time and material aspects are still making money.
Michael Cartial i-Executive Vice President, Supreme Finance Officer, Finance and Corporate Secretary
Trent Crews -- Senior Vice President of Investor Relations
Chad Bayno n-Maccolly Research - Analyst
thank you. Regarding lottery, it is a business segment that seems to hold it well. Because it may have been operating from the POS point of view, the customer was compatible with Shelter in Place. In other words, the customer could not visit your property.
Is there any evidence that such a situation has been alleviated and the demand for lottery has become stronger as seen before the Shelter Invaces? thank you.
Barry Cotttl e-Se a-executive officer
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
So it's a stable business for us. Looking at this result, all the distribution routes for instant tickets and lottery tickets are convenience stores, gas stations, and grocery stores. All of them were considered essential and all opened. Now, people who tend to stay at home have begun to relax, and the number of people going out has begun to increase, and profits are actually increasing.
In fact, looking at some data from retail stores last week, it was a significant part of the state that resumed early, and sales at retail stores last week have increased yea r-o n-year. In addition, the sales of instant tickets 4 or 5 weeks ago decreased by more than 80 %, even if they went back to Italy, the largest area, from the lottery perspective. At present, it is about 40 %. Therefore, it has recovered considerably in a few weeks, telling the lottery resilience.
Trent Crews -- Senior Vice President of Investor Relations
Chad Bino n-Maccolly Research - Analyst
thank you. thank you. I pray for good luck.
Barry Cotttl e-Sea
Michael Cartial i-Executive Vice President, Supreme Finance Officer, Finance and Corporate Secretary
thank you. [The next question is John Decry of Union Gaming. please.
John Decr y-Union Gamin g-Analyst
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
Michael Cartial i-Vice President, the Supreme Financial Officer, Financial, and Corporate Secretary < Span>. Lottery has resilience. We hope that we all see 4 % and 5 % of the lottery and grow more in good times. However, looking back on the lottery's 2 0-year history, the decrease was only 0. 5 % in the midst of the credit crisis between 2008 and 2009.
thank you. thank you. I pray for good luck.
In fact, looking at some data from retail stores last week, it was a significant part of the state that resumed early, and sales at retail stores last week have increased yea r-o n-year. In addition, the sales of instant tickets 4 or 5 weeks ago decreased by more than 80 %, even if they went back to Italy, the largest area, from the lottery perspective. At present, it is about 40 %. Therefore, it has recovered considerably in a few weeks, telling the lottery resilience.
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
Chad Bino n-Maccolly Research - Analyst
thank you. thank you. I pray for good luck.
Barry Cotttl e-Sea
thank you. thank you. I pray for good luck.
thank you. [The next question is John Decry of Union Gaming. please.
Trent Crews -- Senior Vice President of Investor Relations
Yeah, everyone. Thank you for letting me know one more. I would like to follow up on fluid countermeasures. It seems that the balance sheet has been enhanced, but if you need a further fluid source, what can you think of, such as additional cost reduction and capital procurement?
In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
So it's a stable business for us. Looking at this result, all the distribution routes for instant tickets and lottery tickets are convenience stores, gas stations, and grocery stores. All of them were considered essential and all opened. Now, people who tend to stay at home have begun to relax, and the number of people going out has begun to increase, and profits are actually increasing.
In fact, looking at some data from retail stores last week, it was a significant part of the state that resumed early, and sales at retail stores last week have increased yea r-o n-year. In addition, the sales of instant tickets 4 or 5 weeks ago decreased by more than 80 %, even if they went back to Italy, the largest area, from the lottery perspective. At present, it is about 40 %. Therefore, it has recovered considerably in a few weeks, telling the lottery resilience.
Trent Crews -- Senior Vice President of Investor Relations
Chad Bino n-Maccolly Research - Analyst
Call participants:
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In fact, at the end of the current quarter, the fluidity reached nearly $ 1 billion. As you know, the group is taking aggressive measures throughout the global business to manage expenses and capital spending. We will take care of employees, customers, shareholders, and other major stakeholders at this difficult period, and provide customers who continue to business with no interruption products and services. I am working on it. We recognize that some decisions that have been needed due to the impact of COVID-19 on our company can have a lot of hardships on employees and their families.
Michael Cartial i-Executive Vice President, Supreme Finance Officer, Finance and Corporate Secretary
Last but not least, it has survived the current crisis due to the reduction in cost reduction, the suppression of capital investment, the diversity of the business model, and the liquidity of nearly $ 1 billion, and the economy is even more powerful and efficient. I am convinced that I can be reborn. Finally, thank all the team members. It was a difficult time in many aspects, but everyone survived with an effort. We are grateful for that forever.
Rich is in charge of product strategies and the definition of R & D roadmaps, contributing to further enhancing the status of scientific games as a product and technology leader in the game industry. We are working on the development of technological innovation to support customers evolving, such as unpooped wallets and cashless gaming. It is not possible to predict how long this crisis will last, but we know that people have been betting for thousands of years, and COVID-19 will not end this reality. 。 Casino will be resumed, demand will recover, we will recover from this crisis, stand in an advantageous position, and be ready to win.
Barry Cotttl e-Sea
thank you. Regarding lottery, it is a business segment that seems to hold it well. Because it may have been operating from the POS point of view, the customer was compatible with Shelter in Place. In other words, the customer could not visit your property.
thank you. thank you. I pray for good luck.
John DeCree -- Union Gaming -- Analyst
Great. Thanks for the follow-up question.
Boyd Gaming jumped into the credit markets Wednesday, issuing $ million of new debt due in The regional casino operator announced a $ million debt. Title. Page. Table. The Questionnaire. Table. Definitions for Frequencies. Table. Classification Criteria for NODS. Page 1. Authorship & Acknowledgements | 0. Gambling and Problem. Gambling CDC – Centers for Disease Control and Prevention. CHA-DOA.
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