Scientific Games Signs Instant Ticket Extension with California Lottery
NEW YORK, May 15 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq: SGMS) announced the California State Lottery has extended the Company's current contract as the primary supplier of instant tickets and related services including marketing, planning and research services for an additional four years. The amendment commences in July 2009 and extends the existing contract to 2013.
"We are very pleased to extend our instant ticket contract with the California Lottery for an additional four years," said Joseph Wright, CEO of Scientific Games. "We have had a great relationship with the California Lottery over the years and we look forward to continuing to support them with innovative games of high quality in order to deliver sales growth."
"Scientific Games has been a valued partner to the California Lottery. Their state-of-the-art prints as well as their research and analysis have proven invaluable in California," stated Joan Borucki, Director of the California Lottery. "Scratchers(R) are a key component of the California Lottery and we look forward to working with Scientific Games to grow ticket sales and increase our contribution to California's schools."
In fiscal year 2008, the California Lottery produced $3 billion in lottery sales, over half of which was generated by instant tickets, and returned $1.1 billion to education. Since inception in 1985, the California Lottery has raised more than $20 billion to fund specific education programs.
About Scientific Games
Scientific Games Corporation is a 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.
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Scientific Games
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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.