May 11, 2010 (FinancialWire) — Scientific Games Corp. (NASDAQ: SGMS) said that its board of directors has approved a stock repurchase program under which the company is authorized to repurchase shares of its outstanding common stock in an aggregate amount up to $200 million through December 31, 2011.

Scintific Games said it planned to fund the purchases using existing cash on hand, cash flows from operations, borrowings, or a combination of the three.  

The company added that a  pricing committee of its board will determine the share price of the repurchases, and the timing and amount of purchases will be determined by Scientific Games’ management based on its evaluation of market conditions and other factors.  

New York-based Scientific Games is a supplier of instant tickets, systems and services to lotteries worldwide, a supplier of server-based gaming machines and systems, amusement and skill with prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators.

The firm is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands. The company's customers are in the United States and more than 50 countries.  

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