Revenue Estimated at $3 Million Per Year
NEW YORK, July 24 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced it has been awarded a contract as the exclusive supplier of
instant tickets and related services to the New South Wales (NSW) Lotteries
Corporation. The contract, which begins July 2008, has an initial term of
three years and is slated to cover all NSW Lotteries "Instant Scratchies"
business. Scientific Games was chosen in an open and competitive
procurement process and expects to generate revenue of approximately $3
million per year.
"We are happy to renew our contract with NSW Lotteries, which is a
leading lottery operator in Australia," said Lorne Weil, Chairman and CEO
of Scientific Games. "We see many opportunities to continue to grow instant
ticket sales for NSW and we are glad to continue to be part of the team."
"The fact that Scientific Games has a world class production facility
in Sydney has been critical to our sales success with Instant Scratchies
over the years," said Michael Howell, Chief Executive Officer of the New
South Wales Lotteries Corporation. "We look forward to building on the
excellent levels of service that Scientific Games and its local affiliate
have provided NSW Lotteries."
In fiscal 2007, the NSW Lotteries generated over $1.2 billion in retail
sales, over 10% of which was derived from instant ticket sales.
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 Corporation
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Related links:
http://www.scientificgames.com
http://www.prnewswire.com/comp/117695.html /
CONTACT:
Investor Relations, Scientific Games
Corporation, +1-212-754-2233
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