Revenue from La Francaise des Jeux Estimated at $10 Million Per Year
NEW YORK, Feb. 11 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced it has been chosen as the primary instant ticket provider
to La Francaise des Jeux ("FDJ"), the operator of the French National
Lottery. The contract begins January 2008, will have an initial term of
three years and will provide for extension options of up to three years.
The contract is expected to generate approximately $10 million in annual
revenue based on a minimum quantity of tickets.
Tickets printed under this contract will include Scientific Games
Orion(TM) encoding that will enable the keyless validation of FDJ's instant
tickets using digital camera technology. Orion(TM) is the latest generation
of Scientific Games' keyless instant ticket validation technology licensed
by FDJ. Orion(TM) technology is replacing the SciScan(TM) technology
currently deployed at 35,000 FDJ points of sale. In the near future, all of
FDJ's retail outlets will be equipped with hardware capable of validating
Orion(TM) enabled instant tickets.
"La Francaise des Jeux has been a great partner for us, and we look
forward to working with them for many years to come," said Lorne Weil,
Chairman and CEO of Scientific Games. "FDJ is already among the top
worldwide lotteries, but we continue to see potential for growing the
instant ticket sales by utilizing best practices, new technology and
additional services."
"We are pleased to extend our relationship with Scientific Games," said
Christophe Blanchard-Dignac, President and CEO of La Francaise des Jeux.
"Scientific Games is the instant ticket leader, and has proven its ability
to grow lotteries time and time again. We strongly believe their expertise
coupled with the new Orion(TM) encoding technology will help to drive
efficiency and profits for the lottery going forward."
In fiscal 2007, Le Francaise des Jeux's instant ticket lottery
generated approximately $4.5 billion in retail sales.
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of
instant tickets, systems and services to lotteries worldwide, a leading
supplier of fixed odds betting terminals 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
About La Francaise des Jeux
La Francaise des Jeux is the official organizer and operator of lottery
games in France. La Francaise des Jeux is a semi-public company, in which
the French State has a 72% stake. The rest of the capital is owned by
lottery issuers (20%), agents (3%) and company employees (5%). The State
authorizes the games, sets the amount of duty, tax and VAT payments to be
levied and approves the company's budget and accounts. Each game is
governed by regulations that are published in the Journal Officiel, the
French official gazette. Conditions of play, drawing organization and
schedule, playslip definitions and instructions for use, prize tiers, etc.,
are all specified in the gazette.
Forward-Looking Statements
In this press release we make "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements describe future expectations, plans, results or
strategies and can often be identified by the use of terminology such as
"may," "will," "estimate," "intend," "continue," "believe," "expect,"
"anticipate," "could," "potential," "opportunity," or similar terminology.
These statements are based upon management's current expectations,
assumptions and estimates and are not guarantees of future results or
performance. Actual outcomes 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; retention and renewal of existing contracts and entry into new
contracts; availability and adequacy of cash flow to satisfy obligations
and indebtedness or future needs; protection of intellectual property;
security and integrity of software and systems; laws and government
regulation, including those relating to gaming licenses, permits and
operations; inability to identify, complete and integrate future
acquisitions; seasonality; dependence on suppliers and manufacturers;
factors associated with foreign operations; dependence on key personnel;
failure to perform on contracts; resolution of pending or future
litigation; labor matters; and stock price volatility. Additional
information regarding risks and uncertainties and other factors that could
cause actual results to differ materially from those contemplated in
forward-looking statements is included 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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CONTACT:
Investor Relations, Scientific Games
Corporation, +1-212-754-2233
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