NEW YORK, Jan. 23, 2014 /PRNewswire/ -- Scientific Games
Corporation (Nasdaq: SGMS) today announced that the Company has
signed a new contract to implement and operate a complete lottery
gaming system for instant and draw games, including the Sciplay™
interactive platform, as well as to provide instant ticket printing
and a Cooperative Services Program (CSP) for the Maine State
Lottery, an existing customer. Under the terms of the
contract, Scientific Games is responsible for installing and
supporting terminals, terminal communications and point of sales
equipment for approximately 1,300 WAVE™ lottery retail terminals,
as well as providing instant game design, marketing services,
warehouse management, inventory control and retail
distribution.
The contract, which was awarded through a competitive
procurement process, is scheduled to begin April 27, 2014 and extends through June 30, 2020, and may be extended by the Lottery
for additional periods.
"Scientific Games has designed a complete lottery solution, from
state-of-the-art lottery terminals to innovative distribution of
games to our retailers, marketing campaigns and player research,"
said Gerald Reid, Director of the
Maine Bureau of Alcoholic Beverages and Lottery Operations.
"This comprehensive offering should help us to expand our
opportunities and generate additional revenue for the State."
"We welcome the opportunity to continue our strong working
relationship with the Maine State Lottery. We're excited to
implement a suite of innovative products and services across the
Lottery's full portfolio of games that is expected to bring value
to its players and retailers, and generate incremental profits for
the State," stated Pat McHugh,
President of North American Lottery Systems for Scientific
Games.
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.
Company Contacts
Investor Relations:
Cindi Buckwalter, (212) 754-2233
William Pfund, (847) 785-3167
Media Relations:
Charles Alfaro, (212) 318-9152
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