NEW YORK, Sept. 5 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced that it has been awarded a contract with the
Rheinland-Pfalz Lottery to supply instant tickets and cooperative services.
The contract begins in February of 2008 and will run for five years, with
options to extend for additional two year increments. Scientific Games will
handle the manufacturing and distribution of instant tickets throughout
Rheinland-Pfalz, including shipping, warehousing, telemarketing, and will
advise on game design and marketing issues. Revenues to Scientific Games
will be based on a percentage of sales. Rheinland-Pfalz has a population of
four million, about the same as the U.S. state of Kentucky, and
approximately 1,300 retailers.
"The Rheinland-Pfalz contract was an important award for us. Not only
do we see tremendous growth for instant tickets throughout Rheinland-Pfalz,
we also see this as a show of confidence for our German lotteries," said
Lorne Weil, Chairman and CEO of Scientific Games. "Instant tickets in
Germany only accounted for 3% of an 8 billion euro lottery market in 2006.
This is a sharp contrast to the United States, UK, Italy and France, where
Scientific Games is the primary instant ticket supplier."
"We are looking forward to optimizing our instant ticket lottery
through the very capable hands of Scientific Games," said Hans-Peter
Schossler, managing director of Lotto Rheinland-Pfalz GmbH. "We have
witnessed Scientific Games' success in Germany and other European countries
and we hope to see the same in Rheinland-Pfalz."
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
About Lotto Rheinland-Pfalz
Lotto Rheinland-Pfalz GmbH, Koblenz, is a member of the German Toto and
Lotto block and is assigned by the federal state government with the
technical transaction of the national lotteries in Rhineland-Palatinate.
The lottery has about 200 employees in its headquarters in Koblenz and
generated approximately 461 million Euros in 2006, of which over 178
million Euros benefited social, cultural and sport purposes in the form of
deductions and taxes.
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
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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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