LAS VEGAS, Sept. 19, 2016 /PRNewswire/ -- Scientific
Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the
"Company") announced today a new agreement with Tioga Downs Casino
& Resort to provide a host of games, systems and table products
to the Nichols, New York casino as
it begins its transition to a Class 3 commercial casino and
resort.
After a competitive bidding process, Scientific Games was
awarded a significant portion of Tioga
Downs' expansion representing a slot floor share of more
than 40 percent, including 395 slot games and table products for
the casino pit, as well as an extensive casino systems suite
anchored by the SDS® and CMP™
slot-accounting and player-tracking system.
This new agreement significantly expands Scientific Games'
partnership with the southern New
York racino following the New York
State Gaming Commission's unanimous vote to award Tioga
Downs a full gaming license along with approval to upgrade to a
$195 million, full-scale gaming
resort.
Derik Mooberry, Scientific Games'
Group Chief Executive, Gaming, said, "We are the only supplier in
the industry that can provide Tioga Downs with a complete portfolio
of products for its casino expansion. With our extensive new
product solutions at Tioga Downs, we will help the property execute
on its player engagement, promotions and rewards program goals. We
are honored to be Tioga's partner of choice as they significantly
grow and expand their enterprise."
Tioga Downs Senior Vice President of Operations Jeff Townsend said, "The decision to partner
with Scientific Games for such a large portion of our casino
expansion was driven by our commitment to offer our loyal patrons
the most engaging and entertaining experience driven by the most
robust and secure systems. With such an expansive breadth of
product offerings, Scientific Games is able to offer integrated
solutions to engage and excite our players across the casino
floor."
Scientific Games will provide a full casino-management systems
solution, including:
- iVIEW® Display Manager ("DM") on-device messaging
technology to excite and engage players on the casino floor.
- Elite Bonusing Suite™, which features 12 turn-key
applications for rewarding players including DM Tournaments,
Dynamic Random Bonusing, Flex Rewards, U-Spin®
Bonusing and Virtual Racing.
- Scientific Games' robust Bally Business
Intelligence application with Campaign Management,
Reporting Dashboard and Tableau interactive data
visualization.
- CoolSign® multi-media communication and marketing
tool.
- TableView real-time table management system to
automate the table-rating process and reward table players just
like slot players.
Thanks to its leading slot gaming solutions, Scientific Games
was awarded over 40 percent of the slot floor expansion with an
agreement for 395 new slot games at the property. Among the
numerous new Bally and WMS® games slated
to debut on Tioga Downs' expanded
casino floor are 88 Fortunes®, Bier Haus®,
Ca$h Wheel® Featuring Quick Hit®, Hot Shot
Progressive® Blazing 7s®, Kronos®,
Quick Hit Platinum Plus™ Triple Blazing 7s®, and
Zeus®. Scientific Games' slot content will be
featured on a number of the Company's most popular slot cabinets
including the new Scientific Games TwinStar™ platform which
supports Bally, Shuffle Master and WMS game
content.
From its table products portfolio, Scientific Games will provide
a number of advanced utility products including Fusion Auto
Roulette, MD3®, i-Deal
Plus™, Chip
Star®, iShoe
Auto®, iScore Plus®,
and Deck Mate® 2 along with the Company's most
exciting table products such as Let It Ride
Bonus®, Mississippi Stud®, Four
Card Poker®, Ultimate Texas Hold'em®
Bonus, and Fortune Pai Gow Poker®. Tioga
Downs is also adding one of Scientific Games' most popular
electronic table systems to its array of casino floor entertainment
– Fusion Auto Roulette.
Tioga Downs is expanding its existing facility, which features
video lottery terminals ("VLT"), restaurants and bars next to the
harness racing track. The first phase of the expansion, slated to
open in the next few months, includes replacing the current VLTs
with slot machines and increasing the total number to 946; adding
table games and a poker room; and opening two new restaurants.
Future plans include a 161-room hotel, spa, event center,
12,000-seat outdoor concert venue and outdoor pool and
waterslide.
© 2016 Scientific Games Corporation. All Rights Reserved. All ®
notices signify marks registered in the
United States.
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
ScientificGames.com.
COMPANY CONTACTS:
Investor
Relations:
Scientific Games: Bill Pfund +1 702-532-7663
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
Forward-Looking Statements
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," "target," "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 gross gaming
revenues or lottery retail sales, reductions in or constraints on
capital spending by gaming or lottery operators and bankruptcies
of, or credit risk relating to, customers; limited growth from new
gaming jurisdictions, declines in the replacement cycle of existing
gaming machines and slow addition of casinos in existing
jurisdictions; ownership changes and consolidation in the gaming
industry, including by casino operators; opposition to legalized
gaming or the expansion thereof; inability to adapt to, and offer
products that keep pace with, evolving technology; inability to
develop successful gaming concepts and content; laws and government
regulations, including those relating to gaming licenses and
environmental laws; inability to identify and capitalize on trends
and changes in the gaming, lottery and interactive industries;
dependence upon key providers in our social gaming business;
inability to retain or renew, or unfavorable revisions of, existing
contracts, and the inability to enter into new contracts; level of
our indebtedness, higher interest rates, availability or adequacy
of cash flows and liquidity to satisfy indebtedness, other
obligations or future cash needs; inability to reduce or refinance
our indebtedness; restrictions and covenants in our debt
agreements, including those that could result in acceleration of
the maturity of our indebtedness; protection of our intellectual
property, inability 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 realize the anticipated benefits under its
private management agreement with the Illinois lottery or from the disentanglement
services performed in connection with the 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 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, other
recent acquisitions, or future acquisitions, including due to the
inability to successfully integrate such acquisitions or realize
synergies in the anticipated amounts or within the contemplated
time frames or cost expectations, or at all; disruption of our
current plans and operations in connection with our recent
acquisitions (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; incurrence of employee termination or restructuring
costs, and impairment or asset write-down charges; changes in
estimates or judgments related to our impairment analysis of
goodwill or other intangible assets; implementation of complex
revenue recognition standards; 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 payment of dividends from earnings, restrictions on the import
of products and financial instability, including the potential
impact to our instant lottery game concession or VLT lease
arrangements resulting from the recent economic and political
conditions in Greece; dependence
on our key employees; litigation and other liabilities relating to
our business, including litigation and liabilities relating to our
contracts and licenses, our products and systems, our employees
(including labor disputes), intellectual property and our strategic
relationships; 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 filed with the SEC on
February 29, 2016 (including under
the headings "Forward Looking Statements" and "Risk Factors").
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.
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