LAS VEGAS and ATLANTA, April 1,
2015 /PRNewswire/ -- Scientific Games Corporation
(NASDAQ: SGMS) ("Scientific Games" or the "Company") today
announced that Santa Casa da Misericordia de Lisboa ("SCML" or "the Lottery"), the operator
of the Portuguese State Lottery, reported record instant game sales
in 2014, a year-over-year increase of 18 percent. The trend has
continued in 2015 with instant game sales exhibiting an
unprecedented year-over-year increase of more than 35 percent thus
far.
Company signed a two-year contract in February 2014 to provide instant games and
related services to SCML. The services provided include game
planning, design and production, as well as sales, marketing and
consulting services. Under the contract, which was awarded
following a competitive procurement process, Scientific Games
became the sole supplier of the Lottery's instant games.
"We've had a long-term, successful partnership with Scientific
Games for nearly a decade. They understand our needs as a
customer which is why we've selected the Company to be our sole
supplier of instant tickets," said Fernando
Paes Afonso, Vice Provedor of SCML. "The instant
ticket category in Portugal has
seen tremendous growth over the past four years, due in large part
to the games and services provided by Scientific Games. Our
collaborative approach has enabled us to grow revenue and
contribute to a number of good causes in Portugal, and we're looking forward to
exploring further opportunities to ensure that success
continues."
Jim Kennedy, Executive Vice
President, Group Chief Executive of Lottery, said, "This affirms
the role our innovation and creativity has played in the
significant growth of the instant game category in Portugal.
SCML is a charitable organization involved in a number of
humanitarian activities, and Scientific Games recognizes that
helping drive continued growth for the instant product will benefit
many of the underprivileged children and the elderly in
Portugal."
Santa Casa da Misericordia de Lisboa is currently ranked in the top four
lotteries in Europe for instant
game per capita sales (La Fleur's 2015 World Lottery
Almanac).
About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a leading
developer of technology-based products and services and associated
content for worldwide gaming, lottery and interactive markets. The
Company's portfolio includes gaming machines, game content and
systems; table games products and utilities; instant and draw-based
lottery games; server-based lottery and gaming systems; sports
betting technology; loyalty and rewards programs; and interactive
content and services. For more information, please visit
www.scientificgames.com
Company Contacts
Investor Relations:
Bill Pfund (847) 785-3167
Media Relations:
Mollie Cole (773) 961-1194
Lottery Communications:
Therese Minella, APR (770)
825-4219
Forward-Looking Statements
In this press release, Scientific Games makes "forward-looking
statements" within the meaning of the U.S. 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," "plan," "continue," "believe," "expect,"
"anticipate," "should," "could," "potential," "opportunity,"
"goal," or similar terminology. These statements are based upon
management's current expectations, assumptions and estimates and
are not guarantees of timing, future results or performance. Actual
results may differ materially from those contemplated in these
statements due to a variety of risks and uncertainties and other
factors, including, among other things: competition; U.S. and
international economic and industry conditions, including declines
in or slow growth of lottery retail sales or gross gaming revenues,
reductions in or constraints on capital spending by gaming or
lottery operators and bankruptcies of, or credit risk relating to,
customers; slow growth of new gaming jurisdictions, slow addition
of casinos in existing jurisdictions and declines in the
replacement cycle of gaming machines; ownership changes and
consolidation in the casino industry; opposition to legalized
gaming or the expansion thereof; ability to adapt to, and offer
products that keep pace with, evolving technology; ability to
develop successful gaming concepts and content; laws and government
regulation, including those relating to gaming licenses and
environmental laws; inability to identify and capitalize on trends
and changes in the gaming and lottery industries, including the
expansion of interactive gaming; dependence upon key providers in
our social gaming business; retention and renewal of existing
contracts or entry into new or revised contracts; level of our
indebtedness, higher interest rates, availability and adequacy of
cash flows and liquidity to satisfy obligations or future needs,
and restrictions and covenants in our debt agreements; protection
of our intellectual property, ability to license third party
intellectual property, and the intellectual property rights of
others; security and integrity of our software and systems and
reliance on or failures in our information technology systems;
natural events that disrupt our operations or those of our
customers, suppliers or regulators; inability to benefit from, and
risks associated with, strategic equity investments and
relationships, including (i) the inability of our joint venture to
meet the net income targets or otherwise to realize the anticipated
benefits under its private management agreement with the
Illinois lottery, (or in
connection with any termination thereof) (ii) the inability of our
joint venture to meet the net income targets or other requirements
under its agreement to provide marketing and sales services to the
New Jersey lottery or otherwise to
realize the anticipated benefits under such agreement (including as
a result of a protest) and (iii) failure to realize the anticipated
benefits related to the award to our consortium of an instant
lottery game concession in Greece;
failure to achieve the intended benefits of the Bally acquisition
or the WMS acquisition, including due to the inability to
successfully integrate such acquisition or realize synergies in the
anticipated amounts or within the contemplated time-frames or cost
expectations, or at all; litigation relating to the Bally
acquisition; disruption of our current plans and operations in
connection with the Bally acquisition and the WMS acquisition
(including in connection with the integration of Bally and WMS),
including departure of key personnel or inability to recruit
additional qualified personnel or maintain relationships with
customers, suppliers or other third parties; costs, charges and
expenses relating to the Bally acquisition and the WMS acquisition;
inability to complete or successfully integrate future
acquisitions; incurrence of restructuring costs, revenue
recognition standards and impairment charges; fluctuations in our
results due to seasonality and other factors; dependence on
suppliers and manufacturers; risks relating to foreign operations,
including fluctuations in foreign currency exchange rates and
restrictions on the import of our products; dependence on our
employees; litigation and other liabilities relating to our
business; influence of certain stockholders; and stock price
volatility. Additional information regarding risks,
uncertainties and other factors that could cause actual results to
differ materially from those contemplated in forward-looking
statements is included from time to time in our filings with the
SEC, including the Company's current reports on Form 8-K, quarterly
reports on Form 10-Q and its latest annual report on Form
10-K. Forward-looking statements speak only as of the date
they are made and, except for Scientific Games' ongoing obligations
under the U.S. federal securities laws, Scientific Games undertakes
no obligation to publicly update any forward-looking statements
whether as a result of new information, future events or
otherwise.
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SOURCE Scientific Games Corporation