Loteria Electronica and Scientific Games Launch Successful
Conversion
NEW YORK, March 18 /PRNewswire-FirstCall/ -- SCIENTIFIC GAMES CORPORATION
(NASDAQ:SGMS) -- announced today that the largest system conversion in Puerto
Rico's history was launched for Loteria Electronica. In less than six months
Scientific Games designed and implemented a new modern and technologically
advanced online gaming system that will save the government of Puerto Rico
approximately $77 million over the seven-year life of the contract. Scientific
Games won the contract through a competitive request for proposal process.
"We are extremely pleased to provide a state-of-the-art online lottery system
in record time that meets the needs of the Loteria as it seeks to expand and
modernize for the benefit of the Puerto Rican people," said Scientific Games
chairman and CEO, Lorne Weil. "Scientific Games appreciates the Loteria's
selection and support of our company to operate and manage their new lottery
system, and we look forward to continuing our relationship with a dedicated and
highly regarded partner." The system in Puerto Rico comprises nearly 1,900 new EXTREMA(R) terminals, an
integrated central system with advanced software, and an innovative hybrid
communications network designed specifically for Puerto Rico. The contract,
signed on September 22, 2004, is for a period of seven years.
"Scientific Games is a proven partner in the lottery industry, and has
delivered a modern gaming system that provides new, cutting-edge touch screen
terminals, enhanced ease of use and speed, along with the capacity to play new
and exciting games," stated Teresita Carrion, the director of Loteria
Electronica. "In addition, we are especially happy that Scientific Games was
responsive to our particular needs including completing the conversion in a
compressed period of time." About Scientific Games Scientific Games Corporation is the leading integrated supplier of instant
tickets, systems and services to lotteries, and the leading supplier of
wagering systems and services to pari-mutuel operators. It is also a licensed
pari-mutuel gaming operator in Connecticut 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/.
Forward-Looking Statements In this press release we make "forward-looking statements" within the meaning
of the United States Private Securities Litigation Reform Act of 1995. In some
cases, forward-looking statements can be identified by the use of
forward-looking terminology such as "may," "will," "estimate," "intend,"
"continue," "believe," "expect" or "anticipate," or the negatives thereof,
variations thereon or similar terminology.
These forward-looking statements generally relate to plans and objectives for
future operations and are based upon management's reasonable estimates of
future results or trends. Although we believe that the plans and objectives
reflected in or suggested by such forward-looking statements are reasonable,
such plans or objectives may not be achieved.
Actual results may differ from projected results due, but not limited, to
unforeseen developments, including developments relating to the following: * economic, competitive, demographic, business and other conditions in
our local and regional markets;
* changes or developments in the laws, regulations or taxes in the gaming
and lottery industries;
* actions taken or omitted to be taken by third parties, including
customers, suppliers, competitors, members and shareholders, as well as
legislative, regulatory, judicial and other governmental authorities;
* changes in business strategy, capital improvements, development plans,
including those due to environmental remediation concerns, or changes
in personnel or their compensation, including federal, state and local
minimum wage requirements;
* the availability and adequacy of our cash flow to satisfy our
obligations, including our debt service obligations and our need for
additional funds required to support capital improvements, development
and acquisitions;
* an inability to renew or early termination of our contracts;
* an inability to engage in future acquisitions; the loss of any license
or permit, including the failure to obtain an unconditional renewal of
a required gaming license on a timely basis; and
* resolution of any pending or future litigation in a manner adverse to
us.
Actual future results may be materially different from what we expect. We will
not update forward-looking statements even though our situation may change in
the future.
Company Contact: Lisa D. Lettieri
Scientific Games Corporation,
212-754-2233
DATASOURCE: Scientific Games Corporation CONTACT: Lisa D. Lettieri of Scientific Games Corporation, +1-212-754-2233 Web site: http://www.scientificgames.com/
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