Agreement Valued at USD14 Million Over Five Years
NEW YORK, May 3 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced it has signed a contract to upgrade Golden Casket's
existing lottery system and terminals. The project is valued at
approximately USD13.8 million in revenue over next five years. Scientific
Games will deliver 1,300 Extrema(R) MX full-function lottery terminals, 400
instant-only terminals and upgraded terminal software. The project will
also include the integration of Golden Casket's existing SGI-Net instant
ticket and ELOS online lottery systems and a range of services including
implementation, ongoing maintenance and support.
Lorne Weil, Chairman and CEO of Scientific Games said, "The Golden
Casket project represents the first integration of our SGI-Net and ELOS
lottery systems since our purchase of EssNet's lottery business, and is
indicative of our seamless integration and attention to customer service.
This project will deliver significant operational efficiencies and our next
generation Extrema(R) MX terminals will add significant flexibility to
Golden Casket's network of over 1,100 retailers. Golden Casket has been a
valued customer since 1997, and we look forward to continuing our
successful partnership to grow online and instant ticket revenues, and
return more funds earmarked for good causes to the state of Queensland."
Bill Thorburn, CEO of Golden Casket added, "Golden Casket is pleased to
be able to provide the new Extrema(R) MX terminal to its agents and looks
forward to working with Scientific Games on this significant integration
project."
Golden Casket has been operating in Queensland for 90 years, providing
entertaining games of chance. The Corporation markets the well-known brands
of Gold Lotto, Oz 7 Lotto, Powerball, Instant Scratch-Its, The Pools and
Casket. During 2005-2006, Golden Casket reported annual turnover of
AUD838.5 million (USD681.4 million) and returned AUD214.2 million (USD174.1
million) to the Queensland Government. These funds are used to support a
variety of community projects which benefit the people of Queensland.
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.
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; 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; 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
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Related links:
http://www.scientificgames.com
CONTACT:
Investor Relations of Scientific Games
Corporation, +1-212-754-2233
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