NEW YORK, April 28 /PRNewswire-FirstCall/ -- The Pennsylvania Department of Revenue announced it has selected Scientific Games (NASDAQ:SGMS) to enter into negotiations for its lottery systems contract to supply a new range of lottery equipment, including the "next-generation" WAVE(TM) terminal. The contract begins in January 2009, will have an initial term of five years, and will provide for five one-year extension options. Scientific Games was chosen following an open and competitive procurement process.
Scientific Games will supply the Lottery with new gaming equipment, including a central system, approximately 10,000 WAVE(TM) terminals with touch-screen technology, customer display units and in-store customer ticket checkers for the Lottery's retailer network. Additionally, Scientific Games will install and maintain a state-of-the-art IP-based communications network.
"We are proud of the fact that the PA Lottery has been a valued customer of Scientific Games since its inception, and retention of longtime customers is one of our highest priorities. We also look forward to continuing to grow revenues that help fund important programs for the elderly in the Commonwealth," said Lorne Weil, Chairman and CEO of Scientific Games.
In fiscal 2007, the Pennsylvania Lottery generated over $3 billion in retail sales, of which $1.4 billion was derived from terminal-based games. Over the last five years, the Pennsylvania Lottery has grown 58% and contributed $4.4 billion to support senior benefit programs.
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 http://www.scientificgames.com/.
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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. DATASOURCE: Scientific Games Corporation CONTACT: Investor Relations, Scientific Games Corporation, +1-212-754-2233 Web site: http://www.scientificgames.com/ Company News On-Call: http://www.prnewswire.com/comp/117695.html
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