5-Year Deal to Supply 1,500 Global Draw Terminals
NEW YORK, Nov. 2 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced that its wholly owned subsidiary The Global Draw Ltd. was
awarded a five-year contract to supply up to 1,500 of its multi-game server
based gaming terminals to Corporacion Interamericana de Entretenimiento
("CIE") [BMV: CIE B] in Mexico. The contract is expected to generate annual
revenues of approximately $8 million, and was awarded after the successful
completion of a pilot program.
CIE currently has licenses to operate up to 65 gaming locations,
including the existing 45 Sports Books and numbers games outlets, branded
sports betting and electronic number based game activities, which include
gaming machines of which they have an installed base of approximately
7,000.
"The Global Draw terminals have performed very well to date and we look
forward to expanding their installed base," said Gabriel Lecumberri,
General Manager of CIE Las Americas. "We have seen Global Draw set the
standard in the U.K. with its dual purpose, dual screen terminals. Rather
than recycling games developed for the US market, they designed new games
tailored to the Mexican market that provide a unique approach to attracting
a higher value player."
"CIE is one of the leading gaming operators in Mexico, and has been a
valued customer of our Racing business since 1997," said Lorne Weil,
Chairman and CEO of Scientific Games. "We believe our innovative game
design, quality of service and proven expertise will contribute to the
continued success of CIE and we are looking forward to growing with them in
the coming years. This is Global Draw's first major contract outside of the
UK, and we believe that our existing customer base will continue to provide
opportunities for the expansion of our Diversified Gaming business."
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
212-754-2233
About CIE
Created in 1990, Corporacion Interamericana de Entretenimiento, S.A.B.
de C.V. (CIE), is today the leading out-of-home entertainment company in
Latin America. Through a unique, vertically integrated structure, the Group
participates in businesses that provide recreational and entertainment
services and products. These services and products primarily include: the
operation of entertainment venues, the Las Americas Racetrack and amusement
parks, the promotion and production of a wide variety of events, the
promotion of trade fairs and expositions, the sale of sponsorships,
advertising, and food and beverages for those events and public
entertainment venues. CIE is a public company whose shares have been listed
on the Mexican Stock Exchange since 1995 under the symbol "CIE B."
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 Corporation
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CONTACT:
Investor Relations, Scientific Games,
+1-212-754-2233
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