NEW YORK, Jan. 9, 2014 /PRNewswire/ -- Scientific
Games Corporation (Nasdaq: SGMS) (the "Company") today announced
the sale of 39,742,179 shares of Sportech PLC (LSE: SPO)
("Sportech") for gross cash proceeds of GBP
27.8 million. The sale represents all of the shares of
Sportech owned by the Company. The shares are being sold pursuant
to Regulation S of the United States Securities Act of 1933, as
amended. Settlement is expected to take place on January 14, 2014.
Company Contacts
Investor Relations:
Cindi Buckwalter, (212) 754-2233
William Pfund, (847) 785-3167
Media Relations:
Aimee Remey, (212) 754-2233
About Scientific Games
Scientific Games Corporation
is a leading developer of technology-based products and services
and associated content for worldwide gaming and lottery markets.
The Company's portfolio includes instant and draw-based lottery
games; electronic gaming machines and game content; server-based
lottery and gaming systems; sports betting technology; loyalty and
rewards programs; and social, mobile and interactive content and
services. For more information, please visit:
www.scientificgames.com.
Important Notice
The material set forth herein is for
information purposes only and is not an offer to sell, or the
solicitation of an offer to buy, any securities, in any
jurisdiction in which such offer, solicitation or sale would be
unlawful, including the United
States, and, in particular, is not for release, publication
or distribution in or into Australia, Canada or Japan.
In the United Kingdom, this
press release is directed only at persons who (i) are
investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "Financial Promotion Order"), (ii) high net worth
companies, and other persons to whom it may lawfully be
communicated, falling within any of the categories of persons
described in Article 49(2) of the Financial Promotion Order and
(iii) any other persons to whom it may otherwise lawfully be
made (together, "relevant persons"). Any investment activity to
which this press release relates is available only to, and will be
engaged in only with, relevant persons. Persons of any other
description should not act upon this document.
In any European Economic Area Member State that has implemented
the Prospectus Directive, this communication is only addressed to
and is only directed at qualified investors in that Member State
within the meaning of Article 2(1)(e) of the Prospectus Directive.
For the purposes of this provision, the expression "Prospectus
Directive" means Directive 2003/71/EC and includes any relevant
implementing measure in each Member State of the European Economic
Area which has implemented the Prospectus Directive.
Any investment decision to buy shares in Sportech must be made
solely on the basis of publicly available information regarding
Sportech.
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. Forward-looking
statements may contain expectations regarding activities, financial
position, operations, synergies and other results following our
acquisition of WMS. These statements are based upon management's
current expectations, assumptions and estimates and are not
guarantees of timing, 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; effect of indebtedness on our operations
and financial condition; availability and adequacy of cash flows to
satisfy obligations and indebtedness or future needs; protection of
our intellectual property; ability to license third party
intellectual property; intellectual property rights of others;
security and integrity of software and systems; reliance on
information technology 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; inability of our
joint venture to meet the net income targets or otherwise to
realize the anticipated benefits under its private management
agreement with the Illinois Lottery; inability of our 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); failure to realize
the anticipated benefits related to the award to our consortium of
an instant ticket concession in Greece; the seasonality of our business;
disruption of our current plans and operations in connection with
our acquisition of WMS; 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; slow growth of gaming jurisdictions or the casino
industry; decline in the replacement cycle of gaming machines;
consolidation or ownership changes in the casino industry;
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 in our Annual Report on Form 10-K
filed with the SEC on March 12, 2013
and in our 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