NEW YORK, Aug. 7, 2013 /PRNewswire/ -- Scientific Games
Corporation (Nasdaq: SGMS) today announced that the Company has
signed contracts to provide terminals, installation and support
services for approximately 5,000 modular WAVE™ M lottery retail
terminals and an AEGIS NGS Instant Game Engine for Norsk Tipping,
the national lottery in Norway. The contracts followed a
competitive procurement. The Company will provide maintenance
and support for the terminals for five years following the date on
which the first terminal is in commercial production. Terminal
delivery and installation is expected to begin in April 2014.
Scientific Games will also develop a state-of-the-art AEGIS NGS
Instant Game Engine for Norsk Tipping and provide maintenance of
the system for four years.
"We have worked closely with Scientific Games for seven years on
several large technology projects," stated Torbjorn Almlid, CEO of
Norsk Tipping. "They understand our complex business needs
and we trust their technological expertise and quality of
service. We feel confident their modern terminals and instant
game system will help to grow our sales."
"As the existing supplier of terminals, an instant game system
and recently deployed sports betting and numbers game engines, we
are honored to be selected once again for these vital parts of
Norsk Tipping's business," said John
Donahue, Managing Director, International Lottery Systems
for Scientific Games. "We have proven we have the embedded
knowledge and world-class technology to enable our customers to
launch products more quickly and seamlessly than in the past. We
look forward to continuing our long relationship with Norsk
Tipping."
About Norsk Tipping
Norsk Tipping is Norway's leading gaming company, wholly-owned
by the Norwegian state, with a profit of $694 million in 2012.
The company's main objectives are to provide the Norwegian people
with responsible games and entertainment. The profits ensure a
secure and long-term funding for the beneficiary organizations. The
company offers in its product portfolio Tipping, Oddsen, Lotto,
VikingLotto, Extra, Joker, Keno, Flax and EuroJackpot. In addition,
Norsk Tipping offers interactive video terminals Multix and
Belago.
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 receive the required
approvals related to the award to our consortium of an instant
ticket concession in Greece on a
timely basis or at all, or otherwise to realize the anticipated
benefits in connection with such concession; 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