LAS VEGAS and WYOMISSING, Penn., May
5, 2015 /PRNewswire/ -- Scientific Games Corporation
(NASDAQ: SGMS) ("Scientific Games") and Penn National Gaming, Inc.
(NASDAQ: PENN) ("Penn National") today announced an agreement
whereby Penn National will deploy the Scientific Games SG
Universe product suite at four Penn National properties.
The agreement marks Penn National's entry into social gaming
while significantly expanding player access to Scientific Games'
Play4Fun social casino platform and its Mobile
Concierge next-generation marketing capabilities.
Penn National Gaming expects to launch the Mobile
Concierge and Play4Fun Network products at
Hollywood Casino at Charles Town Races in the coming months, with
the three additional Penn National properties expected to come
online shortly thereafter. Customer play of the SG
Universe solutions at Penn National properties via iOS®
and Android® devices is expected to be launched this
summer.
Chris Sheffield, Senior Vice
President and Managing Director of I-Gaming for Penn National
Gaming, commented, "The launch of social gaming is an important
strategic initiative for Penn National that we expect will enhance
loyalty and retention of our customers, drive casino visitation and
build engagement with our brands both on and off premises. In
our review of the available solutions, Scientific Games'
Play4Fun had distinct advantages that enable us to offer
their slot content that our players enjoy on our casino floors in a
mobile social casino experience. This includes certain slot
content that will be exclusively available for our customers.
We've spent a great deal of time developing our Marquee
Rewards customer loyalty program, which includes nearly three
million active regional gaming customers nationwide. We're
looking forward to offering those customers in West Virginia, and other markets as they come
on line, this social gaming offering, through which we'll be able
to provide player rewards that can be redeemed at our physical
casino locations."
Jordan Levin, President, Interactive at Scientific Games, said,
"We have a deep and long-term relationship with Penn National
Gaming which we are pleased to expand into the online space.
Penn National's adoption of our SG Universe product
suite squarely addresses their strategic priority to create deeper
relationships with their customers no matter where they are.
This agreement, with one of the world's most successful
land-based casino operators, is an exciting testament to the value
the SG Universe creates for casinos to extend their brand
online and through player smartphones and tablets. We're
confident that the SG Universe will provide Penn players an
exciting new way to enjoy casino content."
The SG Universe Mobile Concierge is an award-winning
platform powered by more than 150 unique marketing features
designed to put a casino's brand squarely in the palm of its
players' hands. Next-generation marketing capabilities
enabled by Mobile Concierge include the ability to fully
customize a casino's brand and the property's amenities; allowing
players to view their loyalty rewards credits and tier progress
wherever they are; rules-based messaging leveraging geo-fencing
technology that can deliver messaging to players at the time and
location a casino operator prefers; and the ability for players to
book hotel rooms, spa treatments, dinner reservations and more.
The SG Universe Play4Fun Network is an award-winning
social casino platform that empowers land-based casinos to build
engaged online player communities, anchored by player-favorite
content from the casino floor, including slots and table games from
the Bally, Barcrest,
Shuffle Master and Williams game development
studios. In current deployments, Play4Fun interactive
entertainment is driving more than 85 minutes of engagement per
daily player, during an average of more than four sessions per day
immersed in the casino's brand — both online and on mobile
devices.
Scientific Games Company Contacts
Investor Relations:
Scientific Games:
Bill Pfund +1 847-785-3167
Vice President, Investor Relations
bill.pfund@scientificgames.com
Media Relations:
Scientific Games: Mollie Cole +1 773-961-1194
Director, Corporate Communications
mollie.cole@scientificgames.com
Scientific Games Interactive: Rory
Shanahan
Head of Marketing & B2B Social Products
rory.shanahan@scientificgames.com
Penn National Gaming Company Contact
Eric Schippers
Senior Vice President, Public Affairs/Gov't. Relations
610-373-2400
About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a leading
developer of technology-based products and services and associated
content for worldwide gaming, lottery and interactive markets. The
Company's portfolio includes gaming machines, game content and
systems; table games products and shufflers; instant and draw-based
lottery games; server-based lottery and gaming systems; sports
betting technology; loyalty and rewards programs; and interactive
content and services. For more information, please visit
www.scientificgames.com.
About Penn National Gaming
Penn National Gaming owns, operates or has ownership interests
in gaming and racing facilities with a focus on slot machine
entertainment. At March 31,
2015, the Company operated twenty-six facilities in
seventeen jurisdictions, including Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Maryland, Mississippi, Missouri, Nevada, New
Jersey, New Mexico,
Ohio, Pennsylvania, Texas, West
Virginia, and Ontario. At March
31, 2015, in aggregate, Penn National Gaming's operated
facilities featured approximately 31,000 gaming machines, 760 table
games and 3,100 hotel rooms.
Forward-Looking Statements for Scientific Games
In this press release, Scientific Games 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," "plan," "continue," "believe," "expect,"
"anticipate," "should," "could," "potential," "opportunity,"
"goal," or similar terminology. 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; U.S. and
international economic and industry conditions, including declines
in or slow growth of lottery retail sales or gross gaming revenues,
reductions in or constraints on capital spending by gaming or
lottery operators and bankruptcies of, or credit risk relating to,
customers; slow growth of new gaming jurisdictions, slow addition
of casinos in existing jurisdictions and declines in the
replacement cycle of gaming machines; ownership changes and
consolidation in the casino industry; opposition to legalized
gaming or the expansion thereof; ability to adapt to, and offer
products that keep pace with, evolving technology; ability to
develop successful gaming concepts and content; laws and government
regulation, including those relating to gaming licenses and
environmental laws; inability to identify and capitalize on trends
and changes in the gaming and lottery industries, including the
expansion of interactive gaming; dependence upon key providers in
our social gaming business; retention and renewal of existing
contracts or entry into new or revised contracts; level of our
indebtedness, higher interest rates, availability and adequacy of
cash flows and liquidity to satisfy obligations or future needs,
and restrictions and covenants in our debt agreements; protection
of our intellectual property, ability to license third party
intellectual property, and the intellectual property rights of
others; security and integrity of our software and systems and
reliance on or failures in our information technology systems;
natural events that disrupt our operations or those of our
customers, suppliers or regulators; inability to benefit from, and
risks associated with, strategic equity investments and
relationships, including (i) the 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 (or in connection
with any termination thereof), (ii) the 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) and (iii) failure to realize the anticipated
benefits related to the award to our consortium of an instant
lottery game concession in Greece;
failure to achieve the intended benefits of the Bally acquisition or the WMS acquisition,
including due to the inability to successfully integrate such
acquisition or realize synergies in the anticipated amounts or
within the contemplated time-frames or cost expectations, or at
all; litigation relating to the Bally acquisition; disruption of our current
plans and operations in connection with the Bally acquisition and the WMS acquisition
(including in connection with the integration of Bally and WMS), including departure of key
personnel or inability to recruit additional qualified personnel or
maintain relationships with customers, suppliers or other third
parties; costs, charges and expenses relating to the Bally acquisition and the WMS acquisition;
inability to complete or successfully integrate future
acquisitions; incurrence of restructuring costs, revenue
recognition standards and impairment charges; fluctuations in our
results due to seasonality and other factors; dependence on
suppliers and manufacturers; risks relating to foreign operations,
including fluctuations in foreign currency exchange rates and
restrictions on the import of our products; dependence on our
employees; litigation and other liabilities relating to our
business; influence of certain stockholders; and stock price
volatility. Additional information regarding risks,
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 our filings with the
SEC, including the Company's current reports on Form 8-K, quarterly
reports on Form 10-Q and its latest annual report on Form
10-K. Forward-looking statements speak only as of the date
they are made and, except for Scientific Games' ongoing obligations
under the U.S. federal securities laws, Scientific Games undertakes
no obligation to publicly update any forward-looking statements
whether as a result of new information, future events or
otherwise.
Forward-Looking Statements for Penn National Gaming
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements can be identified by the use of
forward looking terminology such as "expects," "believes,"
"estimates," "projects," "intends," "plans," "seeks," "may,"
"will," "should" or "anticipates" or the negative or other
variations of these or similar words, or by discussions of future
events, strategies or risks and uncertainties, including future
plans, strategies, performance, developments, acquisitions, capital
expenditures, and operating results. Actual results may vary
materially from expectations. Although the Company believes
that our expectations are based on reasonable assumptions within
the bounds of our knowledge of our business, there can be no
assurance that actual results will not differ materially from our
expectations. Meaningful factors that could cause actual
results to differ from expectations include, but are not limited
to, risks related to the following: our ability to obtain timely
regulatory approvals required to own, develop and/or operate our
businesses, the passage of state, federal or local legislation
(including referenda) that would expand, restrict, further tax,
prevent or negatively impact operations in or adjacent to the
jurisdictions in which we do or seek to do business); the effects
of local and national economic, credit, capital market, housing,
and energy conditions on the economy in general and on the gaming
and lodging industries in particular; the activities of our
competitors and the rapid emergence of new competitors
(traditional, internet and sweepstakes based and taverns);
increases in the effective rate of taxation at any of our
properties or at the corporate level;; our expectations for the
continued availability and cost of capital; the outcome of pending
legal proceedings and other factors as discussed in the Company's
Annual Report on Form 10-K for the year ended December 31, 2014, subsequent Quarterly Reports
on Form 10-Q and Current Reports on Form 8-K, each as filed with
the United States Securities and Exchange Commission. The
Company does not intend to update publicly any forward-looking
statements except as required by law. In light of these risks,
uncertainties and assumptions, the forward-looking events discussed
in this press release may not occur.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/scientific-games-and-penn-national-gaming-enter-into-agreement-to-deploy-sg-universe-interactive-product-suite-at-four-penn-national-properties-300077285.html
SOURCE Scientific Games Corporation