Scientific Games has reported results for the second quarter ended June 30 and announced plans to take advantage of favourable market conditions to refinance a portion of its debt.

Second quarter revenue rose five per cent to $766.3m, up from $729.2m a year ago. The growth was driven by revenue increases in the gaming and interactive segments. Foreign exchange had an $8m, or one per cent, unfavourable impact on revenue.

Operating income in the second quarter doubled to $117.3m from $59.1m a year ago, reflecting revenue growth, a more effective organisational structure and lower depreciation and amortisation. Net loss declined to $39.1m from $51.7m in the prior-year period.

“The second quarter results represent our seventh quarter of consecutive year-over-year growth, including $169m of cash flow from operating activities, as a result of ongoing improvements in our gaming, lottery and interactive operations,” said CEO Kevin Sheehan.