LAS VEGAS, Oct. 3, 2017 /PRNewswire/ -- Scientific Games
Corporation (NASDAQ: SGMS) ("Scientific Games" or "the Company")
today announced it has entered into an agreement for the
acquisition of Tech Art, the gaming industry's leading supplier of
hole-card readers for blackjack. Subject to customary conditions to
closing, the transaction is expected to close in the first quarter
of 2018. Terms of the transaction were not disclosed.
Tech Art will bring to Scientific Games its innovative
MAXTime® 4H product, a combination of a blackjack
hole-card reader and a chip tray, as well as the proprietary table
games Super Fun 21® and Bet the Bust. There will be
an opportunity to market Tech Art's MAXTime® 4H
product internationally through Scientific Games' expansive
distribution network, helping casinos across the world increase
play speed and enhance the security of blackjack games. This
planned acquisition is another example of Scientific Games'
continued investment in solutions that help the Company better
partner with their casino customers and offer the broadest
portfolio of innovative products in the industry.
About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a global leader
in technology-based gaming systems, table games, table products and
instant games and a leader in products, services and content for
gaming, lottery and interactive gaming markets. Scientific Games
delivers what customers and players value most: trusted security,
creative content, operating efficiencies and innovative technology.
Today, Scientific Games offers customers a fully integrated
portfolio of technology platforms, robust systems, engaging content
and unrivaled professional services. For more information, please
visit http://www.scientificgames.com/.
About Tech Art
Tech Art, formed in 1989, is the preeminent provider of
blackjack hole-card readers around the world. The company
has a dominate market share in a field that they created with the
invention of the MAXTime® device. This device provides
ironclad game security when dealing blackjack and is in use on over
11,000 tables worldwide. For any further information please
contact Tech Art at http://www.techartinc.com/
Company Contacts
Scientific Games Investor
Relations:
Bill Pfund +1
702-532-7663
Vice President, Investor Relations
bill.pfund@scientificgames.com
Scientific Games Media Relations:
Susan Cartwright +1 702-532-7981
Vice President, Corporate Communications
susan.cartwright@scientificgames.com
Tech Art Investor and Media Relations
Robert Del Rossi +1 702-736-0637
Marketing Director
Bob@techartinc.com
Forward-Looking Statements
This press release includes "forward-looking statements" and
"forward looking information" (collectively "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," "estimate," "should," "could," "potential,"
"opportunity," or similar terminology. These statements are
based upon management's current expectations, beliefs, assumptions
and estimates and are not guarantees of timing, future results or
performance. Similarly, statements herein that describe the
proposed transaction, including its financial impact, and other
statements of management's expectations, beliefs, assumptions,
estimates and goals regarding the proposed transaction are
forward-looking statements. It is uncertain whether any of
the events or results anticipated by the forward-looking statements
(including consummation of the proposed transaction) will transpire
or occur, or if any of them do, what impact they will have on
Scientific Games. These forward-looking statements involve
certain risks and uncertainties and other factors that could cause
actual results to differ materially from those indicated in such
forward-looking statements, including but not limited to:
uncertainties as to the timing of the consummation of the proposed
transaction and the ability of the parties to consummate the
proposed transaction; the satisfaction of the conditions precedent
to consummation of the proposed transaction; competitive responses
to the proposed transaction; unexpected costs, charges or expenses
resulting from the proposed transaction; the ability of Scientific
Games to integrate Tech Art's business; the ability of Scientific
Games to implement its plans and other expectations with respect to
Tech Art's business after the completion of the transaction; and
the other risks, uncertainties and important factors contained and
identified (including under the heading "Risk Factors") in
Scientific Games' filings with the Securities and Exchange
Commission, any of which could cause actual results to differ
materially from the forward-looking statements. The forward-looking
statements included in this press release are made only as of the
date hereof and, except for Scientific Games' ongoing obligations
under applicable securities laws, Scientific Games undertakes no
obligation to update any forward-looking statements whether as a
result of new information, future events or otherwise. Readers are
cautioned not to place undue reliance on any of these
forward-looking statements.
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SOURCE Scientific Games Corporation