LAS VEGAS, Oct. 5, 2016 /PRNewswire/ -- Scientific
Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the
"Company") was presented with the Global Gaming Award for
Land-Based Gaming Innovation of the Year for SG Universe
during a presentation ceremony and luncheon at the Sands Expo
during the Global Gaming Expo ("G2E") 2016 last week.
SG Universe comprises three components: Mobile
Concierge™ apps for the Android and iOS platforms, the
Play4Fun Network™ platform, and Core Systems
Integration technology. This omni-channel product suite allows
for the merging of messaging, offers, loyalty accounts, points and
promos and more, giving both operators and their players a one-stop
shop for gaming experiences. Components of SG Universe
are currently deployed at more than 80 casinos around the
world.
In a highly competitive category, the judges praised SG
Universe for its benefit to land-based gaming operations. As
the product develops and new features are commercialized, SG
Universe will further enhance the ability for casinos to
connect with their players.
Scientific Games Chief Executive Officer and President
Kevin M. Sheehan said, "It is an
honor to be awarded Land-Based Gaming Innovation of the Year for SG
Universe. This award demonstrates Scientific Games' continual
innovation in the mobile space to further assist casino operators'
efforts to maintain a close connection to their players. SG
Universe is a prime example of how our interactive division is
empowering customers with new ways to interact with their players
at the casino, at home, and on-the-go."
On presenting Scientific Games with the Land-Based Gaming
Innovation of the Year Award, Gambling Insider Editor
Alex Hammond said, "Congratulations
to Scientific Games for its win for SG Universe. This is the
second mobile product that has won an award in a land-based product
category, which again demonstrates how much importance the judging
panel and the wider gaming industry as a whole believe these
products will have of the development of the land-based casino
industry moving forward".
Scientific Games also garnered top three finishes in three
additional categories, including "Land-Based Industry Supplier of
the Year", "Casino Product of the Year" and "Digital Product of the
Year".
The Global Gaming Awards program is among the gaming industry's
most prestigious as respected CEOs and senior executives from
within the industry select the winners.
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; 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 (including those fluctuations related to the
affirmative vote in the U.K. to withdraw from the EU), restrictions
on the payment of dividends from earnings, restrictions on the
import of products and financial instability, including the
potential impact to our business resulting from the affirmative
vote in the U.K. to withdraw from the EU and 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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SOURCE Scientific Games Corporation