5 Year Pact to Supply Instant Ticket Cooperative Services to MSL
NEW YORK, Sept. 20 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced that it has been awarded a contract with MSL, the largest
Ukrainian Lottery, to supply instant tickets and cooperative services. The
contract begins in April 2008 and will run for five years, with options to
extend for additional one-year increments. The company will handle the
manufacturing and distribution of instant tickets throughout Ukraine,
including shipping, warehousing, telemarketing, distribution and will
advise on game design and marketing issues as well as support on retail
network optimization and expansion. Revenues to Scientific Games will be
based on a percentage of sales. MSL currently operates 10 lotteries in
Ukraine, spanning a population of 47 million people and approximately
16,000 retailers.
"We are proud to become a partner of the Ukrainian Lottery through
MSL," said Lorne Weil, Chairman and CEO of Scientific Games. "We look
forward to growing instant ticket sales throughout MSL's large network of
retailers in the spring of 2008. Ukraine is widely considered one of the
fastest growing economies in the world, and we hope to grow funds for
charitable causes at a similar pace."
"After witnessing Scientific Games' success in other European
countries, we realized Scientific Games would be the perfect partner to
help grow instant ticket sales in the Ukraine," said Georgiy Lozhenko,
President of MSL. "MSL has a history of cooperating with well-known foreign
and domestic companies and we believe Scientific Games will help MSL
continue to be a strong leader and take our lottery to the next level."
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 MSL
MSL is the oldest and the greatest lottery operator in Ukraine. MSL is
a successor of the best traditions of "Sportloto", which has been present
in the lottery market for 36 years and continues to be a leader of the
lottery matters in Ukraine. Today, the MSL is carrying out 10 lotteries and
includes the whole spectrum of entertainments for the lottery fortune
hunter: instant, numerical, bingo and internet lotteries.
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, Scientific Games
Corporation, +1-212-754-2233
|
