NEW YORK, March 17 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced it has signed four new contracts with customers in Germany
and Finland for the provision of pari-mutuel wagering systems, terminal and
services. The long-term contracts are with Direktorium fur Vollblutzucht
und Rennen Wirtschaftsdienste und Beteiligungs-GmbH ("DVR"), Traberliga,
and Win-Race in Germany, and Fintoto OY of Finland. The combined contracts
are expected to generate approximately $4 million of revenue per year.
Under the terms of a five-year agreement with DVR, Scientific Games
Racing ("SGR") will provide wagering central systems from the Essen Data
Center in Essen, Germany, network communications equipment to facilitate
remote wagering and commingling, on-track support services, and
teller-operated wagering terminals for the 20 thoroughbred horse racing
tracks in Germany operated by DVR.
Under separate agreements with Traberliga and Win-Race, SGR will
provide on-track services, central systems from the Essen Data Center,
network communications equipment and wagering terminals to the nine German
harness tracks operated by these companies. The contracts with Traberliga
and Win- Race are open-ended, continuing indefinitely with automatic annual
renewal. All of the German contracts commenced on January 1, 2008.
Engelbert Halm, Chief Executive Officer of DVR stated "We are very
pleased to continue our long relationship with the industry leader,
Scientific Games. Their systems and terminals provide DVR with reliability,
flexibility and security to support our standard high level of patron
service."
Under the fourth new agreement, SGR will extend its 28-year
relationship with Fintoto OY of Finland to provide the next generation
Quantum(TM) System, along with a ten-year maintenance and support
provision. The Fintoto Quantum(TM) System will consist of triplex central
system hardware with hot stand-by for disaster recovery and the Red Hat
Linux-based operating system. Development and testing of the new Fintoto
Quantum(TM) System will commence in 2008 with full implementation to occur
in the first quarter of 2009.
"Having achieved continuous and an average of 10 percent growth over
the last 13 years, we were seeking a system that would allow Fintoto
continued success for years to come," said Ilmari Halinen, Managing
Director of Fintoto. "It became clear to us that the open standards of
Scientific Games' Quantum(TM) System would offer us the scalability and
flexibility to accommodate our ambitious future plans and objectives."
"It's particularly gratifying to have long-term customers not only
extend their relationship with our company, but expand it as well," said
Brooks Pierce, President of Scientific Games Racing. "We look forward to
continuing our partnership with these customers to further develop the
pari-mutuel wagering market in Europe."
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
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CONTACT:
Investor Relations, Scientific Games
Corporation, +1-212-754-2233
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