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Scientific Games and the Israel Sports Betting Board Finalizes Agreement for New Online Terminals, New Games and System Maintenance Services
 

NEW YORK, Sept. 9 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq: SGMS) announced that it has finalized an agreement with the Israel Sports Betting Board in Petach-Tikva, Israel for new online terminals, which includes the delivery of up to 2,000 state-of-the-art WAVE(TM) terminals with 17" customer display units. The agreement also includes the provision of maintenance and project services for a period of five years with options to extend for two additional two-year increments. The agreement with the Israel Sports Betting Board is expected to generate $8.6 million in sales revenue and $1.7 million in annual service revenue. The initial installment of 600 WAVE(TM) units will take place in 2009.

Mike Chambrello, President and Chief Operating Officer of Scientific Games Corporation said, "We are very proud to have been selected as the partner to deliver the next generation online terminals to the Israel Sports Betting Board. We are looking forward to continuing our successful cooperation to further improve the market for online sports betting games in Israel."

Upon successful completion of the agreement, Offer Peri, the CEO of the Israel Sports Betting Board said, "With the modern WAVE(TM) online terminal, our lottery is well prepared to grow the sports gaming market responsibly in this extremely important retail channel in Israel and to increase our products and attractions to the customer."

In 2008, the Israel Sports Betting Board had online retail sales of EURO 290 million or US$406 million.

About ISBB

The Israel Sports Betting Board is entrusted with the sole right to manage sports betting in Israel under legislation from 1967. The profits earned are dedicated to the advancement of sport: allocations to organizations, associations and sports teams, allocations for constructing infrastructure and allocations for Olympic sports.

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.

Company Contact:

    Investor Relations
    Scientific Games
    212-754-2233

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the 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," "continue," "believe," "expect," "anticipate," "could," "potential," "opportunity," or similar terminology. These statements 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; recent changes to certain contracts; technological change; retention and renewal of existing contracts and entry into new contracts; availability and adequacy of cash f to satisfy obligations and indebtedness of future needs; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; inability to identify, complete and integrate future acquisitions; seasonality; ability to enhance and develop successful gaming concepts; influence of certain stockholders; dependence on suppliers and manufacturers; liability for product defects; factors associated with foreign operations; dependence on key personnel; failure to perform on contracts; resolution of pending or future litigation; labor matters; and stock price volatility. Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is set forth from time to time in our filings with the SEC, including under the heading "Risk Factors" in our Current Report on Form 8-K filed on May 18, 2009 and in our most recent Quarterly Report on Form 10-Q. 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