Press Adds Capacity of up to 8 Billion Tickets per Year
NEW YORK and ALPHARETTA, Ga., Oct. 10 /PRNewswire-FirstCall/ --
Scientific Games (Nasdaq: SGMS) announced the inauguration of the new
high-speed "P6" printing press in its Alpharetta, Georgia facility. The
press, designed and custom-built to the Company's specifications, will be
capable of producing up to 8 billion (2" x 4" equivalents) instant tickets
per year and is believed to be the highest capacity lottery press in the
world. This new press will add to the facility's previous 23 billion of
instant ticket capacity, boosting Scientific Games' Georgia capacity by
approximately one-third. This inauguration was commemorated with a ribbon
cutting ceremony attended by Georgia Governor Sonny Perdue and Georgia
Lottery President and CEO Margaret DeFrancisco.
"We designed and built our newest press in anticipation of continued
strong demand for instant tickets. Instant ticket sales have more than
doubled in the past ten years and we need to be prepared to answer the
growing requirements of lotteries throughout the world," said Michael
Chambrello, President and COO of Scientific Games. "Instant tickets now
account for over half of all lottery sales in the U.S. With this new press,
our Alpharetta facility will be able to meet the demands of the U.S. market
for years to come and take on international production when needed."
"Scientific Games has been a great partner for the Georgia Lottery and
a respected corporate citizen of Georgia over the years. They have
exhibited tremendous commitment to Georgia's employment, technological and
economic growth, and the investment in this new press is a great example,"
said Georgia Governor Sonny Perdue. "I am especially proud to visit with
Georgia companies that are considered the leaders in their industry and
Scientific Games is leading the way in innovation and technology in their
field."
"Scientific Games has been the instant ticket supplier to the Georgia
Lottery since its inception in 1993. Instant ticket sales have grown from
$501 million in fiscal 1994 to over $2.3 billion in fiscal 2007,
representing growth of over 362%," added Margaret DeFrancisco, Georgia
Lottery President and CEO. "This exceptional performance has helped raise
more than $9.3 billion for educational programs in the state of Georgia."
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.
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.
Company Contact:
Investor Relations
Scientific Games
212-754-2233
SOURCE Scientific Games
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http://www.scientificgames.com/
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CONTACT:
Investor Relations of Scientific Games,
+1-212-754-2233
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