Adds Two Tracks in Ontario and Renews Three Tracks and the Teletheatre
Network in British Columbia
NEW YORK, July 17 /PRNewswire-FirstCall/ -- Scientific Games Racing, a
division of Scientific Games (Nasdaq: SGMS), has signed a new contract to
run all of the pari-mutuel wagering systems for Great Canadian Gaming
Corporation (TSX: GC). Scientific Games will be supplying racing terminals
as well as its Quantum(TM) System for processing wagers. This agreement
includes the renewal of Great Canadian's British Columbia racetracks and
Teletheatre network (TBC) in addition to new contracts for its two
racetracks in Ontario.
The two new pari-mutuel contracts include all wagering systems for
Flamboro Downs in Hamilton, Ontario and Georgian Downs in Barrie, Ontario
as well as their off-track teletheatres. They will come online with
Scientific Games Racing in August 2007. The four contract renewals in
British Columbia are for Hastings Racecourse in Vancouver, Fraser Downs
Racetrack and Casino in Surrey, Sandown Park in Sidney and the Teletheatre
network (TBC). In addition to coming online with the Quantum(TM) System,
the tracks will be upgrading some of their terminals to the new BetJet(R)
series.
"We are excited to expand our relationship with Great Canadian Gaming
Corporation, a premier casino and racetrack operator," observed Lorne Weil,
Chairman and CEO of Scientific Games. "This is also a vote of confidence
for our Quantum(TM) System, which will revolutionize the way in which race
wagering operations all over the world interact with their patrons and with
other racing, wagering, and content providers."
"Scientific Games is the leader in pari-mutuel wagering technology, and
we are looking forward to upgrading our systems and terminals which should
improve handle and efficiency for Great Canadian in the coming months,"
said Chuck Keeling Vice President, Racing of Great Canadian Gaming.
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
212-754-2233
About Great Canadian Gaming
Great Canadian Gaming Corp. is a multi-jurisdictional gaming and
entertainment operator with facilities in BC, Ontario, Nova Scotia and
Washington State. Great Canadian operates eleven casinos, a thoroughbred
racetrack, four standardbred racetracks, a community gaming centre, a
hotel, two show theatres, and various food and beverage facilities.
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
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CONTACT:
Investor Relations of Scientific Games,
+1-212-754-2233
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