Gaming equipment supplier Scientific Games Corp. said Monday its board has authorized the repurchase of up to $200 million in shares in a program that will run through next year.
A board pricing committee will determine the share price of the repurchase, the New York company said is a statement.
Shares will be repurchased from time to time on the open market, and the program may be stopped at any time.
Scientific Games sells lottery equipment and systems as well as instant-win lottery tickets.
Company shares rose 19 cents to $11.51 in Monday morning trading.