NEW YORK, Feb. 6 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) today announced plans to deliver an instant lottery ticket sales
system and related services to the China Sports Lottery ("CSL") for the
lottery market in the People's Republic of China ("PRC"). This contract is
separate from the recently announced contract with China Sports Lottery
Printing, Ltd.
The national instant lottery ticket sales system will track the
distribution and validation of instant tickets throughout the PRC.
Scientific Games will also provide a national call center and 90,000
instant ticket validation terminals within two years of the execution of
the contract, and related services such as game design, marketing and
certain distribution to the CSL provincial lotteries. Scientific Games will
earn revenues based on a percentage of retail sales.
In addition, during the first quarter of 2008, Scientific Games will
launch a four province pilot project, in the provinces of Hebei, Jiangsu,
Shandong and Zhejiang. These four provinces are among the largest and
wealthiest in China, with a combined population of approximately 280
million.
"We have been working closely on the development of a national instant
ticket program with the CSL, and look forward to launching this project,
especially in connection with a world-class event like the Beijing
Olympics," stated Scientific Games Chairman and CEO Lorne Weil. "Based on
the population and our market research, we see tremendous potential for the
China Sports Lottery. The breadth and complexity of this project represent
the culmination of more than a year of planning."
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of
instant tickets, systems and services to lotteries worldwide, a leading
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. It is
also a licensed pari-mutuel gaming operator in Connecticut, Maine and the
Netherlands and is a leading supplier of prepaid phone cards to telephone
companies. Scientific Games' customers are in the United States and more
than 60 other countries. For more information about Scientific Games,
please visit our web site at http://www.scientificgames.com.
Company Contact:
Investor Relations
Scientific Games Corporation
212-754-2233
Forward-Looking Statements
Certain statements in this press release which are not historical facts
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements, including those
relating to timing of contracts, renewals or other events, business plans
and performance objectives, are based upon management's current
expectations, assumptions and estimates and are not guarantees of future
results or performance. Actual results may differ materially from those
projected in these statements due to a variety of risks and uncertainties
and other factors, including, among other things: competition; material
adverse changes in economic and industry conditions in our markets;
technological change; protection of intellectual property; security and
integrity of software and systems; laws and government regulation,
including those relating to gaming licenses, permits and operations;
seasonality; dependence on suppliers and manufacturers; factors associated
with foreign operations; failure to retain, renew or perform on contracts;
resolution of pending or future litigation; and other factors described
from time to time in our filings with the SEC, including our most recent
Annual Report on Form 10-K. Forward-looking statements speak only as of the
date they are made, and except for our ongoing obligations under the U.S.
federal securities laws, we undertake no obligation to publicly update any
forward-looking statements whether as a result of new information, future
events or otherwise.
SOURCE Scientific Games Corporation
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Related links:
http://www.scientificgames.com/
http://www.prnewswire.com/comp/117695.html/
CONTACT:
Investor Relations, Scientific Games
Corporation, +1-212-754-2233
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