Revenue Estimated at $4 Million Over Three Years
NEW YORK, July 30 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced it has been awarded a three-year contract as the primary
vendor to supply instant tickets and related services to the Rhode Island
Lottery. The contract that was awarded through a competitive procurement,
is expected to generate approximately $4 million over the three- year term,
and includes options to extend for an additional three years.
"Rhode Island has become one of the most successful lotteries in the
country in terms of the revenues and returns it produces for the state's
small size and population and we are delighted to establish a new
partnership with them," said Lorne Weil, Chairman and CEO of Scientific
Games. "By combining the proven experience of the Rhode Island Lottery's
highly skilled and talented management team with our extensive background
and innovative games, we believe we can improve on this success."
In fiscal 2006, the Rhode Island Lottery produced $1.7 billion in sales
and returned $323 million to the state's general 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 and entry into new
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; inability to identify, complete and integrate future
acquisitions; 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 of Scientific Games
Corporation, +1-212-754-2233
|
