Revenue Estimated at $2.5 Million Per Year
NEW YORK, Dec. 18 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced it has extended its agreement with Loteria Electronica
Internacional Dominicana, S.A. ("LEIDSA") to provide systems, technology
and services to support lottery wagering for LEIDSA's network of betting
operations throughout the Dominican Republic. The new contract extends the
current agreement to 2020 and is expected to generate annual revenues of
approximately $2.5 million. Under the terms of the agreement, Scientific
Games will also provide the equipment, systems and services to operate Keno
from LEIDSA retail locations.
"LEIDSA has been a valued customer of Scientific Games Racing for a
number of years and in that time has seized upon a number of new
opportunities to serve the Dominican market," said Lorne Weil, Chairman and
CEO of Scientific Games. "We consider it a strong vote of confidence that
they are not only extending their relationship with Scientific Games, but
also adopting additional wagering opportunities like Keno to implement in
concert with their other wagering products. We look forward to continuing
our successful partnership with LEIDSA."
"We have enjoyed a productive partnership with Scientific Games. Their
suite of gaming technologies and products, like Keno, will support our
goals to develop and expand the wagering opportunities for our customers in
the Dominican Republic well into the future," said Pedro Alegria, President
of LEIDSA. "Given our positive past experience and the wealth of additional
gaming opportunities the company can provide, the choice to extend our
partnership was clear."
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
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Related links:
http://www.scientificgames.com
http://www.prnewswire.com/comp/117695.html /
CONTACT:
Investor Relations, Scientific Games,
+1-212-754-2233
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