NEW YORK, Jan. 29, 2014 /PRNewswire/ -- Scientific Games
Corporation (Nasdaq: SGMS) today announced that the Company has
signed a contract to implement and support a Central Monitoring
System for the New Mexico Gaming Control Board, an existing
customer. Under the terms of the contract, Scientific Games
will provide the Scientific Games SGVideo™ Gaming Central
Monitoring System which will monitor and control licensed video
gaming terminals, located in five racinos and up to 70 non-profit
locations. The contract was awarded through a competitive
procurement process, has an initial term of four years and may be
extended by the Gaming Control Board for up to four additional
years.
"We were impressed by the proposed solution from Scientific
Games. We felt that Scientific Games had a real understanding
of our goals and initiatives and provided the best overall
approach," stated Frank Baca, Acting
Executive Director/General Counsel. "We believe the
experience and systems technology from Scientific Games offer the
best solution for the State."
"Scientific Games is pleased to continue our longstanding
relationship with the New Mexico Gaming Control Board by providing
our SGVideo™ Gaming Central Monitoring System," said Brennen Lawrence, Senior Vice President of North
American Gaming for Scientific Games. "Scientific Games continues
to develop solutions that meet the changing needs of our
customers. This system provides the powerful tools necessary
for New Mexico to regulate gaming
activity, evaluate financial positions and collect revenue."
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