Pact Valued at $8 Million over five years
NEW YORK, March 29 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) has signed a five year strategic agreement with Sportech PLC, of
Liverpool, United Kingdom, to provide football (soccer) pari-mutuel tote
services, technology development and related IT consultancy services.
Scientific Games expects to generate approximately $8 million of revenue
over the five-year term.
Sportech, based in Liverpool, England, is the UK's leading football
pari- mutuel pools operator, trading principally as Littlewoods Football
Pools(TM). It has a customer base of 500,000 wagering on pools and lottery
games based upon the weekly fixtures list of the English Football leagues
through a vast network of 13,000 door-to-door ticket sellers, direct mail
customers and e- gaming and call center distribution platforms.
"Scientific Games looks forward to partnering with Sportech to grow the
UK football pools business. We plan to expand distribution into new venues
such as pubs, social clubs and e-gaming portals. In addition we seek to
pursue international distribution deals, capitalizing on the worldwide
appeal and mainstream popularity of the English Football league and on the
historical brand appeal of Littlewoods Football Pools(TM) and its related
games like Spot the Ball," said Lorne Weil, Chairman and CEO of Scientific
Games.
"Scientific Games has a tremendous track record of implementing
innovative pools processing and terminal distribution solutions, along with
a network of international tote customers. As such, they were the clear
choice to be our partner in re-establishing Littlewoods Football Pools(TM)
as a major participant in the UK gaming industry and other strategic
international marketplaces," added Ian Penrose, CEO of Sportech. "We intend
to work with Scientific Games to improve the efficiency, speed and
operational processes at Littlewoods and to implement technology that links
the games offered to emerging domestic networks operated by Scientific
Games and its affiliate UK companies: Global Draw and Games Media - and
potentially to international tote customers of Scientific Games."
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of
instant tickets, systems and services to lotteries, a leading supplier of
fixed odds betting terminals and systems, 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
In this press release we make "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of
1995. In some cases, forward-looking statements can be identified by the
use of forward-looking terminology such as "may," "will," "estimate,"
"intend," "continue," "believe," "expect" or "anticipate," "could,"
"optimistic," "potential," "opportunity," "eventually," or the negatives
thereof, variations thereon or similar terminology.
These forward-looking statements are based upon management's current
expectations, assumptions and estimates and are not guarantees of future
results or performance. Actual outcomes may differ from those projected in
forward-looking statements due to a variety of risks and uncertainties and
other factors, including relating to the following:
-- the availability and adequacy of our cash flow to satisfy our
obligations, including our debt service obligations and our need for
additional funds required to support capital improvements, development
and acquisitions;
-- economic, competitive, demographic, business and other conditions in
our local, regional and international markets;
-- changes or developments in the laws, regulations or taxes in the
gaming, racing and lottery industries;
-- actions taken or omitted to be taken by third parties, including
customers, suppliers, competitors and shareholders, as well as
legislative, regulatory, judicial and other governmental authorities;
-- changes in business strategy, capital improvements, development plans,
including those due to environmental remediation concerns, or changes
in personnel or their compensation, including federal, state and local
minimum wage requirements;
-- an inability to enter into new contracts or renew existing contracts or
the early termination of our existing contracts;
-- an inability to engage in or complete future acquisitions;
-- the loss of any license or permit, including the failure to obtain an
unconditional renewal of a required gaming license on a timely basis;
and
-- resolution of any pending or future litigation in a manner adverse to
us.
Additional information regarding risks and uncertainties and other
factors that could cause actual results to differ materially from those
contemplated in forward-looking is included from to time in the Company's
filings with the Securities and Exchange Commission, including the
Company's reports on Forms 10-K, 10-Q and 8-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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