NEW YORK, July 13, 2012 /PRNewswire/ -- Scientific Games
Corporation (Nasdaq: SGMS) today announced that the Company has
entered into a contract to be the primary supplier of instant
ticket games and related services for the New Hampshire Lottery™.
The Company was selected following a competitive procurement
process. The three-year contract, which began on July 1, 2012, includes an option for the Lottery
to extend the contract for up to two additional years. Revenue to
Scientific Games will continue to be based on a price-per-thousand
tickets basis.
"Scientific Games has been providing secure and entertaining
gaming products to New Hampshire Lottery players for years," said
Charles McIntyre, Executive Director
of the New Hampshire Lottery. "We have significant trust in
both the product quality and service provided by Scientific Games
and we look forward to our partnership contributing further to
public education."
"New Hampshire was the first of
the modern American lotteries," said Jim
Trask, President of the Printed Products Group for
Scientific Games. "We have cultivated a great relationship
with the New Hampshire Lottery and we believe we can continue to
help them achieve their sales goals and drive returns for the
State's Education Trust Fund."
In fiscal year 2011, the New Hampshire Lottery generated
$229 million in total sales,
including $161 million from its
instant ticket business. Since inception, the Lottery has
generated more than $1.4 billion of
net profits to help fund education in New
Hampshire.
About the New Hampshire Lottery
The mission of the New Hampshire Lottery Commission is to
maximize revenues for aid to public education by providing secure
and entertaining gaming products to its players.
The Commission's dedicated staff recognizes that New Hampshire was the first state to offer a
Lottery in modern times and that the Lottery shall continue to be
an industry leader by striving to exceed minimum industry standards
and goals established for accounting, security, marketing and game
design.
About Scientific Games
Scientific Games Corporation is a global leader in
providing customized, end-to-end gaming solutions to lottery and
gaming organizations worldwide. Scientific Games' integrated array
of products and services includes instant lottery games, lottery
gaming systems, terminals and services, and internet applications,
as well as server-based interactive gaming machines and associated
gaming control systems. For more information, please visit our
website at www.scientificgames.com.
Company
Contact:
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Cindi
Buckwalter, Investor Relations
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(212)
754-2233
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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 results may differ materially
from those contemplated 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; technological change; retention and renewal of
existing contracts and entry into new or revised contracts;
availability and adequacy of cash flows 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; inability to benefit from, and risks
associated with, strategic equity investments and relationships;
failure of Northstar to meet the net income targets or otherwise
realize the anticipated benefits under its private management
agreement with the Illinois Lottery; seasonality; inability to
identify and capitalize on trends and changes in the lottery and
gaming industries, including the potential expansion of regulated
gaming via the internet; inability to enhance and develop
successful gaming concepts; dependence on suppliers and
manufacturers; liability for product defects; fluctuations in
foreign currency exchange rates and other factors associated with
international operations; influence of certain stockholders;
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 Securities and Exchange Commission, including under the
heading "Risk Factors" in our periodic reports. 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