Revenue Estimated at $14 Million Over Two Years
NEW YORK, July 19 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced it has been awarded a two-year contract as the primary
vendor to supply instant tickets and related services to the Ohio State
Lottery. The contract was awarded through a competitive procurement, is
expected to generate approximately $14 million over the two-year term, and
includes options to extend for three (3) additional two-year periods (not
to extend beyond June 30, 2015).
"The Ohio State Lottery is one of the largest in the United States and
has been a great customer for many years standing," said Lorne Weil,
Chairman and CEO of Scientific Games. "We work hard on both our new
contracts and our bids for renewal, and appreciate the vote of confidence
from one of our most important customers."
"In our experience, Scientific Games continues to be the standout in
the instant ticket business," said Michael Dolan, Director of the Ohio
State Lottery. "They offer a unique combination of game quality, variety
and the ability to deliver high volumes quickly and we are looking forward
to continuing to grow our lottery with them."
In fiscal 2007, the Ohio Lottery generated $2.3 billion in retail
sales, of which more than $1.355 billion were from instant tickets, and
returned $669 million to the state. Since 1974, total Ohio Lottery profits
have generated more than $15 billion for public education.
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 Corporation
212-754-2233
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
 back to top
Related links:
http://www.scientificgames.com
http://www.prnewswire.com/comp/117695.html /
CONTACT:
Investor Relations, Scientific Games
Corporation, +1-212-754-2233
|
