Company Snapshot: SGMS  Print This Story  Email This Story  Save this Link View PR Newswire's RSS Feed  Blogs Discussing this News Release  Search Blogs that Mention this News Release  Click this link to view linked Bookmarking Services Click this link to view linked Blogging Services


Scientific Games Signs Three-Year Contract Extension with Georgia Lottery Corporation
 

Revenue Estimated at $28 Million Per Year

NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq: SGMS) announced it has signed a three-year contract extension 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 Georgia Lottery Corporation. The extension commences in September 2010 and lengthens the current contract to 2013. Revenue to Scientific Games is estimated at approximately $28 million per year.

"The Georgia Lottery Corporation has been a valued instant ticket customer of ours since their inception in 1993," said Lorne Weil, Chairman and CEO of Scientific Games. "The Georgia Lottery is one of the top performing lotteries in the country, and we are proud to have helped to grow their instant ticket sales over 60% during the last five years. We look forward to continuing to grow revenues for education and the HOPE Scholarship and Pre-K Programs for years to come."

"The Georgia Lottery Corporation's (GLC) successful 15 year partnership with Scientific Games has resulted in record sales and profits to education here in Georgia," said GLC President and CEO Margaret DeFrancisco. "We look forward to continuing efforts with our partners to raise even more dollars for Georgia students."

In Fiscal 2008, the Georgia Lottery Corporation produced $2.4 billion in instant ticket sales, representing 68% of total lottery sales, and returned $867 million to fund educational causes.

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
    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