NEW YORK, Oct. 25, 2013 /PRNewswire/ -- Scientific
Games Corporation (Nasdaq: SGMS) announced today that its SG Gaming
U.K. division has successfully extended its contract with major
U.K. bookmaker Ladbrokes to be the sole provider of server-based
gaming machines to its U.K. estate of nearly 2,250 shops through
March 31, 2019. Under the terms of
the contract, SG Gaming U.K. will be responsible for the supply and
service of gaming machines, including the provision of
approximately 9,000 of SG Gaming's new and advanced Clarity gaming
machines with additional touch screens and improved customer
relationship management (CRM) capabilities, which are expected to
be installed during the first half of 2014.
"By renewing the contract early, Ladbrokes has demonstrated its
commitment to the products and services provided by SG Gaming,
including our renowned operational support," said Phil Horne, Group Managing Director of SG Gaming
U.K. "Since partnering with Ladbrokes in 2010, SG Gaming's
innovative content and Vision cabinet have helped drive Ladbrokes'
gaming machine revenue to new levels. We've built a strong
relationship with their team and look forward to continuing to help
Ladbrokes grow revenue. We're providing an innovative new gaming
machine developed exclusively for Ladbrokes, along with
leading-edge content and the highest standards of service and
support in order to give their players the best possible
experience."
"Machine performance continues to be crucial to our overall
strategy, and our partnership with SG Gaming has been very
successful," said Nick Rust, U.K.
and Ireland Director at Ladbrokes.
"SG Gaming has delivered fantastic games to our customers, enabling
us to grow machine revenues over the last three
years. This new agreement marks the next phase of our
partnership to help ensure Ladbrokes stays at the forefront of the
gaming machine marketplace."
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.
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;
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
the WMS Industries Inc. ("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 and WMS' 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 and under the heading "Risk Factors" in WMS'
Annual Report on Form 10-K filed with the SEC on August 29, 2013. 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.
Contacts:
Investor Relations:
Cindi Buckwalter, (212) 754-2233
Media Relations:
Aimee Remey, (212) 754-2233
SOURCE Scientific Games Corporation