NEW YORK, June 7, 2013 /PRNewswire/ -- Scientific
Games Corporation (Nasdaq: SGMS) today announced that it has signed
an instant ticket and cooperative services contract with the South
Carolina Education Lottery (SCEL). The new contract provides
for game design and development, manufacturing, warehousing,
distribution and marketing assistance for instant lottery
games, as well as inventory management and related services. The
five-year contract, which begins on October
1, 2013, was awarded through a competitive procurement
process and includes an option for SCEL to extend the contract for
an additional two years.
"We want to thank the SCEL for their selection of Scientific
Games as their primary supplier for instant game products and
distribution services," stated Jim
Kennedy, Chief Marketing Officer and President, Printed
Products for Scientific Games. "SCEL is one of the most successful
lotteries in the U.S. and we are honored to be selected once again
as the partner to help them continue building a strong instant game
offering that helps fund education and supports a valued retail
community. The management and staff at the SCEL are consummate
professionals and we are proud to be associated with a world-class
organization."
"We have had a long and successful partnership with Scientific
Games dating back to the inception of the Lottery," said
Paula Harper Bethea, Executive
Director, South Carolina Education Lottery. "We have a great
working relationship with the Scientific Games team and we were
very impressed with their response to our RFP. We are looking
forward to continuing to work with them to raise funds to support
education in South Carolina."
In fiscal year 2012-2013, the South Carolina Education Lottery
had instant game lottery sales of more than $758 million, representing 67% of total lottery
sales. Since the start of the Lottery on January 7, 2002, more than one million college
scholarships and grants have been awarded to South Carolina's students. In all, more than
$3 billion has been transferred to
support educational programs in the Palmetto State.
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
terminals and associated gaming control systems. For more
information, please visit our website at
www.scientificgames.com.
Company Contact:
Cindi Buckwalter, Investor
Relations
(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," "should," "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 our Northstar Illinois joint venture to meet the net
income targets or otherwise to realize the anticipated benefits
under its private management agreement with the Illinois Lottery;
failure of our Northstar New Jersey
joint venture to enter into an agreement to provide marketing and
sales services to the New Jersey Lottery (including as a result of
a protest) or to meet the net income targets or other requirements
under any such agreement or otherwise to realize the anticipated
benefits under any such agreement; the seasonality of our business;
failure to complete the pending acquisition of WMS Industries Inc.
("WMS") on a timely basis or at all, including due to the inability
to obtain the gaming regulatory approvals required to complete the
acquisition; disruption of our current plans and operations in
connection with the acquisition; failure to achieve the intended
benefits of the WMS acquisition, including due to the inability to
realize synergies in the anticipated amounts or within the
contemplated time-frames or cost expectations, or at all; 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 under our
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
("SEC"), including under the heading "Risk Factors" in the
Company's Annual Report on Form 10-K filed with the SEC on
March 12, 2013 and in its subsequent
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