Revenue Estimated at $4.5 Million Over Two Years
NEW YORK, July 20 /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 Idaho Lottery.
The contract was awarded through a competitive procurement, is expected to
generate approximately $4.5 million over the two-year term, and includes
options to extend for two, three-year terms.
"The Idaho Lottery is a new customer for Scientific Games and we look
forward to building a partnership for years to come. We plan on using our
portfolio of innovative instant ticket games to reach and maintain a higher
level of sales, which will help to maximize the funds available for Idaho
public schools and their permanent building fund," said Lorne Weil,
Chairman and CEO of Scientific Games.
"Working with Scientific Games provides us the ability to continue our
tradition of offering high quality instant tickets in a secure fashion at
an affordable cost," stated Jeff Anderson, Idaho Lottery Director. "We look
toward this relationship as an opportunity to grow both of our businesses."
In fiscal 2007, the Idaho Lottery generated $130.5 million in sales, of
which $83 million was from instant tickets. To date the Idaho Lottery has
returned $367 million for K-12 education and the state's Permanent Building
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 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
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Related links:
http://www.scientificgames.com
CONTACT:
Investor Relations for Scientific Games
Corporation, +1-212-754-2233
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