Revenue Estimated at $1 Million Per Year
NEW YORK, Nov. 7 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced it has been awarded the contract to provide an internet
wagering platform and an interactive voice response ("IVR") telephone
wagering system for New Jersey Account Wagering LLC. The three year
contract was awarded through a competitive procurement, is expected to
generate approximately $1 million in revenue per year, and includes the
option to extend for an additional year. New Jersey Account Wagering
("NJAW"), a partnership between the New Jersey Sports and Exposition
Authority ("NJSEA") and Pennwood Racing LLC, is the exclusive provider of
telephone and internet account wagering services to residents of New
Jersey.
Scientific Games will provide the hardware, software,
telecommunications, support and other services necessary to sustain
licensed internet and telephone account wagering to New Jersey residents of
majority age under the supervision of the New Jersey Gaming Authority. The
Company will operate the NJAW telephone account wagering system from its
Quantum(TM) Data Center East (QDC) and its Trackplay(TM) wagering platform
will be integrated into the New Jersey Account Wagering website,
http://www.4njbets.com. The Trackplay(TM) white label interactive wagering
platform provides complete wagering functionality, handicapping
information, streaming video, race replays, and account funding services
and has been in operation in both the US and abroad since 2001 for
customers including Churchill Downs Inc., Fair Grounds and Tote Ireland.
"As the sole provider of totalisator wagering systems to all racetracks
and off-track betting facilities in New Jersey, we are delighted to now
extend this highly valued relationship to the interactive arena with this
contract," said Lorne Weil, Chairman and CEO of Scientific Games. "We
believe the patrons of New Jersey Account Wagering will respond well to the
improved look and enhanced functionality offered by our Trackplay(TM)
wagering website and will benefit from the consistency and high
availability offered by our account wagering systems."
"As the exclusive provider of account wagering services in our state,
NJAW systems must be proven, stable and able to withstand the peaks in
wagering that accompany major wagering events, such as the recent Breeders'
Cup event hosted at Monmouth Park," said Dennis Dowd, Senior Vice President
for Racing of the New Jersey Sports and Exposition Authority. "Our
experience with Scientific Games over the years has instilled in us a high
level of confidence in their people, products and services and we have no
doubt that our patrons will find the new Internet and telephone wagering
platforms to be stable, user-friendly and feature-rich."
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
Forward-Looking Statements
In this press release the Company makes "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 the Company's
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 the Company's
filings with the Security and Exchange Commission, including the Company's
most recent Annual Report on Form 10-K. Forward-looking statements speak
only as of the date they are made, and except for the Company's ongoing
obligations under the U.S. federal securities laws, the Company undertakes
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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