Annual Revenue Estimated at $35 million
NEW YORK, June 19 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced it has been awarded a contract as the primary vendor to
supply instant tickets and related services, including marketing, shipping,
warehousing, game design, inventory control, distribution and sales staff
training, to the Florida Lottery. The contract, which is expected to begin
in October 2008, has an initial term of six years and provides for two
extension options of two years each. Scientific Games was chosen as the
primary vendor in an open and competitive procurement process, and received
the highest score in every element of the technical evaluation criteria.
Revenue to Scientific Games is estimated to total approximately $35 million
per year.
"The Florida Lottery is one of our legacy cooperative service contracts
and has been one of the biggest instant ticket success stories since its
inception," said Lorne Weil, Chairman and CEO of Scientific Games. "The
Florida Lottery is an industry leader, a valued customer, and we feel
privileged to work with them to help raise more money for education over
the next ten years."
"We have had a great relationship with Scientific Games over the
years," said Leo DiBenigno, Secretary of the Florida Lottery. "Our instant
ticket sales have more than tripled over the last ten years of working with
Scientific Games, and we look forward to the continuation of this strong
relationship."
In 2007, the Florida Lottery generated over $4 billion in retail sales,
of which $2.3 billion was derived from instant tickets. Over the last five
years, the Florida Lottery has grown 77% and contributed over $5 billion to
Florida's Educational Enhancement Trust Fund.
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
 back to top
Related links:
http://www.scientificgames.com
http://www.prnewswire.com/comp/117695.html /
CONTACT:
Investor Relations of Scientific Games
Corporation, +1-212-754- 2233
|
