LAS VEGAS and ATLANTA, Dec. 6,
2016 /PRNewswire/ -- Scientific Games Corporation (NASDAQ:
SGMS) ("Scientific Games" or the "Company") today announced that
its next generation AEGIS™ gaming system is now powering
Lotería Electrónica de Puerto Rico
(the "Lotería Electrónica") after a successful systems conversion
in November. The technology conversion took place in just four
months as part of the Company's new, eight-year systems contract
which began July 1, 2016. The
contract was awarded by the Lotería Electrónica following a
competitive procurement process, and includes sales and marketing
services. Along with the new, advanced systems technology in
Puerto Rico, Scientific Games also
launched the lottery industry's first single ticket accounting
program for instant games in the U.S. as well as a new retail Keno
game.
To support Lotería Electrónica's continued revenue growth,
Scientific Games launched its global market leading Cooperative
Services Program™ (CSP) for instant game management.
Integrating game portfolio planning, analytics, inside sales,
packaging, warehousing and retail distribution, CSP is used
by more than 20 lotteries globally, including nine of the Top 15
lotteries in the world for instant game per capita sales (La
Fleur's Almanac).
Pat McHugh, Senior Vice
President, Global Lottery Systems for Scientific Games, said,
"Despite challenging economic conditions, Lotería Electrónica has a
very strong brand in Puerto Rico
and offers players one of the top performing draw game portfolios
in the industry. Scientific Games is honored to be a trusted
partner in their remarkable success. We appreciate the continued
confidence in our games, innovative products, technology and
services to maximize profits for Lotería Electrónica and their
retailers."
As part of the systems conversion, Scientific Games implemented
a new, comprehensive suite of retail technologies, innovative
products and services that support Lotería Electrónica's strategic
plans across all product lines to meet Puerto Rico's evolving consumer needs and
maximize total sales and profits in the coming years. To maximize
sales uptime, the conversion also included a new dual
communications network for Lotería Electrónica retailers across the
island.
Víctor Pizarro Núñez, Assistant Secretary of the Puerto Rico
Lotteries, said, "The system conversion we implemented for Lotería
Electrónica de Puerto Rico was
part of a long-term strategic growth plan that included integrating
our draw and instant game technologies so that our products are
more convenient for our retailers to sell, more accessible to our
players, and more efficient for the Lotería Electrónica to manage.
Scientific Games' conversion went live with great success, and this
is an important step forward to support our growth in the coming
years."
Since 2005, Scientific Games has provided the lottery gaming
system in the U.S. territory with a population of 3.5 million.
Since switching to the Company's systems technology, Lotería
Electrónica has grown sales more than 55 percent and profits to the
Puerto Rico Government by 64 percent, and has become one of the top
10 performing lotteries in U.S. for draw games per capita sales.
The Lotería Electrónica reported nearly $492
million in total sales in fiscal year 2015-16.
Scientific Games provides products, technology and services to
more than 150 lotteries worldwide, including nearly every North
American lottery.
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 utilities; 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 us at
www.scientificgames.com.
Company Contacts
Investor Relations:
Bill Pfund 1-702-532-7663
Lottery Communications:
Therese Minella (770) 825-4219
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