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Light & Wonder, Inc. Major Shareholding Notification 2011

Oct 4, 2011

30802_mrq_2011-10-04_799f19ba-4d92-48d6-a034-5ec45aa95679.zip

Major Shareholding Notification

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OMB APPROVAL OMB Number: 3235-0145 Expires: February 28, 2009 Estimated average burden hours per response………11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 13D

THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

Scientific Games Corporation
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
80874P109
(CUSIP Number)
Brian Jozwiak Fine Capital Partners, L.P. 590 Madison Avenue, 5th Floor New York, New York 10022 Tel. No.: (212) 492-8200
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
September 30, 2011
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [_].
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

CUSIP No. 80874P109

1.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Fine Capital Partners, L.P.
2. [_]
(b) [_]
  1. SEC USE ONLY
4.
AF
  1. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]
6.
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

7.
0
8.
6,379,320
9.
0
10.
6,379,320
11.
6,379,320
  1. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
13.
6.9%
14.
PN

CUSIP No. 80874P109

1.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Fine Capital Advisors, LLC
  1. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]

(b) [_]

  1. SEC USE ONLY
4.
AF
  1. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]
6.
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

7.
0
8.
6,379,320
9.
0
10.
6,379,320
11.
6,379,320
  1. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
13.
6.9%
14.
OO

CUSIP No. 80874P109

1.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Debra Fine
  1. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]

(b) [_]

  1. SEC USE ONLY
4.
AF
  1. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]
6.
United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

7.
0
8.
6,379,320
9.
0
10.
6,379,320
11.
6,379,320
  1. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
13.
6.9%
14.
IN

CUSIP No. 80874P109

ITEM 1. Security and Issuer.

The name of the issuer is Scientific Games Corporation, a Delaware corporation (the "Issuer"). The address of the Issuer's principal executive offices is 750 Lexington Avenue, New York, New York 10022, United States of America. This Schedule 13D relates to the Issuer's Class A Common Stock (the "Shares").

ITEM 2. Identity and Background.

(a), (f) This Schedule 13D is being filed by (i) Fine Capital Partners, L.P., a Delaware limited partnership ("FCP"), as the investment manager to certain private investment funds, with respect to Shares owned by such private investment funds, (ii) Fine Capital Advisors, LLC, a Delaware limited liability company ("FCA"), as the general partner of FCP, and (iii) Ms. Debra Fine, a United States citizen and the principal of FCP and FCA, with respect to the shares owned by such private investment funds (the persons mentioned in (i), (ii) and (iii) are referred to as the "Reporting Persons"). Ms. Fine is the sole Manager of FCA and the President of FCP. Brian Jozwiak, a United States citizen, is the Chief Financial Officer and Chief Operating Officer of the Reporting Persons.
(b) The principal business address for each of the Reporting Persons and each of the other executive officers of FCP is 590 Madison Avenue, 5th Floor, New York, New York 10022.
(c) FCP provides investment management services to private individuals and institutions. FCA serves as the general partner of FCP. The principal occupation of Ms. Fine is investment management. The principal occupation of Mr. Jozwiak is Chief Financial Officer and Chief Operating Officer of FCP and its affiliates.
(d) Neither Ms. Fine nor Mr. Jozwiak have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) None of the Reporting Persons, or other persons with respect to whom information is given in response to this Item 2, has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 3.
The net investment costs (including commissions, if any) of the Shares directly owned by the private investment funds advised by FCP is approximately $55,436,788. Ms. Fine, FCP and FCA do not directly own any Shares.
Item 4.
The purpose of the acquisition of the Shares by the Reporting Persons is for investment, and the purchases of the Shares by the Reporting Persons were made in the ordinary course of business and were not made for acquiring control of the Issuer. The Reporting Persons, from time to time, will communicate with the Issuer and other holders of Shares. The Reporting Persons may in the future purchase additional Shares or dispose of some or all of their Shares in open-market transactions or privately negotiated transactions. The Reporting Persons do not currently have any plans or proposals that would result in any of the actions described in paragraphs (b) through (j) of Item 4 of the instructions to Schedule 13D.
Item 5.
(a) - (e) As of the date hereof, (i) FCP, FCA and Ms. Fine may be deemed to be the beneficial owners of 6,379,320 Shares, constituting 6.9% of the Shares, based upon 92,125,024 Shares outstanding as of the date hereof. FCP has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 6,379,320 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 6,379,320 Shares. FCA has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 6,379,320 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 6,379,320 Shares. Ms. Fine has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 6,379,320 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 6,379,320 Shares. The transactions by the Reporting Persons in the securities of the Issuer since the Schedule 13D filed by the Reporting Persons on August 12, 2011 are set forth in Exhibit B. This outstanding Shares figure reflects the number of outstanding Shares at August 3, 2011, as reported in the Issuer's Form 10-Q, filed on August 9, 2011.
Item 6.
Not Applicable

ITEM 7. Material to be Filed as Exhibits.

Exhibit A: Joint Filing Agreement Exhibit B: Schedule of Transactions in Shares

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

October 4, 2011
(Date)
Fine Capital Partners, L.P. By: Fine Capital Advisors, LLC, its general partner
By: /s/ Debra Fine
Debra Fine, Manager
Fine Capital Advisors, LLC
By: /s/ Debra Fine
Debra Fine, Manager
By: /s/ Debra Fine
Debra Fine

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

Exhibit A

AGREEMENT

The undersigned agree that this Schedule 13D, Amendment 1, dated October 4, 2011, relating to the Class A Common Stock of Scientific Games Corporation. shall be filed on behalf of the undersigned.

October 4, 2011
(Date)
Fine Capital Partners, L.P. By: Fine Capital Advisors, LLC, its general partner
By: /s/ Debra Fine
Debra Fine, Manager
Fine Capital Advisors, LLC
By: /s/ Debra Fine
Debra Fine, Manager
By: /s/ Debra Fine
Debra Fine

Exhibit B

Schedule of Transactions in Shares

Date of Transaction — 8/16/2011 Title of Class — Class A Common Stock 63,100 8.7998
8/17/2011 Class A Common Stock 94,700 9.1641
8/18/2011 Class A Common Stock 109,700 8.4458
8/19/2011 Class A Common Stock 80,000 7.9964
9/1/2011 Class A Common Stock 150,000 8.8782
9/2/2011 Class A Common Stock 160,000 8.5140
9/8/2011 Class A Common Stock 44,000 8.3957
9/9/2011 Class A Common Stock 179,000 8.1889
9/29/2011 Class A Common Stock 35,000 7.6151
9/30/2011 Class A Common Stock 15,000 7.1809
10/3/2011 Class A Common Stock 307,000 6.9446
10/4/2011 Class A Common Stock 51,000 6.6644

SK 27147 0001 1231768