Scientific Games Awarded Florida Lottery Instant Ticket Contract
* Reuters is not responsible for the content in this press release.
Annual Revenue Estimated at $35 million
NEW YORK, June 19 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced it has been awarded a contract as the primary vendor to supply
instant tickets and related services, including marketing, shipping,
warehousing, game design, inventory control, distribution and sales staff
training, to the Florida Lottery. The contract, which is expected to begin in
October 2008, has an initial term of six years and provides for two extension
options of two years each. Scientific Games was chosen as the primary vendor
in an open and competitive procurement process, and received the highest score
in every element of the technical evaluation criteria. Revenue to Scientific
Games is estimated to total approximately $35 million per year.
"The Florida Lottery is one of our legacy cooperative service contracts
and has been one of the biggest instant ticket success stories since its
inception," said Lorne Weil, Chairman and CEO of Scientific Games. "The
Florida Lottery is an industry leader, a valued customer, and we feel
privileged to work with them to help raise more money for education over the
next ten years."
"We have had a great relationship with Scientific Games over the years,"
said Leo DiBenigno, Secretary of the Florida Lottery. "Our instant ticket
sales have more than tripled over the last ten years of working with
Scientific Games, and we look forward to the continuation of this strong
relationship."
In 2007, the Florida Lottery generated over $4 billion in retail sales, of
which $2.3 billion was derived from instant tickets. Over the last five years,
the Florida Lottery has grown 77% and contributed over $5 billion to Florida's
Educational Enhancement Trust Fund.
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of instant
tickets, systems and services to lotteries worldwide, a leading supplier of
server based gaming machines and systems, Amusement and Skill with Prize
betting terminals, interactive sports betting terminals and systems, and
wagering systems and services to pari-mutuel operators. It is also a licensed
pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a
leading supplier of prepaid phone cards to telephone companies. Scientific
Games' customers are in the United States and more than 60 other countries.
For more information about Scientific Games, please visit our web site at
www.scientificgames.com.
Company Contact:
Investor Relations
Scientific Games Corporation
212-754-2233
Forward-Looking Statements
Certain statements in this press release which are not historical facts,
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements, including those
relating to timing of contracts, renewals or other events, business plans and
performance objectives, are based upon management's current expectations,
assumptions and estimates and are not guarantees of future results or
performance. Actual results may differ materially from those projected in
these statements due to a variety of risks and uncertainties and other
factors, including, among other things: competition; material adverse changes
in economic and industry conditions in our markets; technological change;
protection of intellectual property; security and integrity of software and
systems; laws and government regulation, including those relating to gaming
licenses, permits and operations; seasonality; dependence on suppliers and
manufacturers; factors associated with foreign operations; failure to retain,
renew or perform on contracts; resolution of pending or future litigation; and
other factors described from time to time in our filings with the SEC,
including our most recent Annual Report on Form 10-K. Forward-looking
statements speak only as of the date they are made, and except for our ongoing
obligations under the U.S. federal securities laws, we undertake no obligation
to publicly update any forward-looking statements whether as a result of new
information, future events or otherwise.
SOURCE Scientific Games
Investor Relations of Scientific Games Corporation, +1-212-754- 2233
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters