NEW YORK, July 18, 2013 /PRNewswire/ -- Scientific Games
Corporation (Nasdaq: SGMS) today announced that the Company has
signed a contract with Societe de la Loterie de la Suisse Romande
(LoRo) to provide delivery, installation, maintenance and support
of approximately 3,000 new lottery retail terminals along with new
central application terminal software and related services. The
contract includes installation of both the WAVE™ and
Flair™ retail terminals that will utilize the same
application to sell lottery draw games, instant games and sports
games. The contract was awarded through a competitive procurement
process.
"We selected Scientific Games based on the design of their WAVE
and Flair terminals and the single application that runs on both
terminals," said Jean-Luc Moner-Banet, CEO of Societe de la Loterie
de la Suisse Romande. "Scientific Games has also demonstrated to
our respective departments that its terminal concept optimizes
maintainability and minimizes the number of cables required. We
appreciate the customization of their solutions to best match our
needs."
"LoRo is well recognized as one of the most innovative and
forward-looking lotteries in Europe," commented John Donahue, Managing Director, International
Lottery Systems for Scientific Games. "We are proud to be chosen by
LoRo and are confident the Swiss retailers and players will
appreciate the more modern terminals."
About Loterie Romande
Loterie Romande was created in
1937 by five Swiss cantons (now six) in the South/West of
Switzerland. Loterie Romande was
the first Lottery to sell scratch ticket games with instant wins in
Europe (in 1978).
In 2011, Loterie Romande generated lottery net sales (sales
minus prizes) of CHF370 million
(equivalent to US$391 million) with a
profit of CHF205 million (ca.
US$217 million) for good causes.
Loterie Romande distributes all of its profits to good causes.
Since 1978, Loterie Romande gave more than CHF2.5 billion (ca. US$2.6
billion) to good causes.
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 meet the net income targets or other requirements
under its agreement to provide marketing and sales services to the
New Jersey Lottery or otherwise to realize the anticipated benefits
under such agreement (including as a result of a protest); 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 WMS
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