Scientific Games Signs Instant Ticket Contract with New Hampshire Lottery
NEW YORK, July 13, 2012 /PRNewswire/ — Scientific Games Corporation (Nasdaq: SGMS) today announced that the Company has entered into a contract to be the primary supplier of instant ticket games and related services for the New Hampshire Lottery(TM). The Company was selected following a competitive procurement process. The three-year contract, which began on July 1, 2012, includes an option for the Lottery to extend the contract for up to two additional years. Revenue to Scientific Games will continue to be based on a price-per-thousand tickets basis.
“Scientific Games has been providing secure and entertaining gaming products to New Hampshire Lottery players for years,” said Charles McIntyre, Executive Director of the New Hampshire Lottery. “We have significant trust in both the product quality and service provided by Scientific Games and we look forward to our partnership contributing further to public education.”
“New Hampshire was the first of the modern American lotteries,” said Jim Trask, President of the Printed Products Group for Scientific Games. “We have cultivated a great relationship with the New Hampshire Lottery and we believe we can continue to help them achieve their sales goals and drive returns for the State’s Education Trust Fund.”
In fiscal year 2011, the New Hampshire Lottery generated $229 million in total sales, including $161 million from its instant ticket business. Since inception, the Lottery has generated more than $1.4 billion of net profits to help fund education in New Hampshire.
About the New Hampshire Lottery
The mission of the New Hampshire Lottery Commission is to maximize revenues for aid to public education by providing secure and entertaining gaming products to its players.
The Commission’s dedicated staff recognizes that New Hampshire was the first state to offer a Lottery in modern times and that the Lottery shall continue to be an industry leader by striving to exceed minimum industry standards and goals established for accounting, security, marketing and game design.
About Scientific Games
Scientific Games Corporation is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide. Scientific Games’ integrated array of products and services includes instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming machines and associated gaming control systems. For more information, please visit our website at www.scientificgames.com.
Company Contact: Cindi Buckwalter, Investor Relations (212) 754-2233
In this press release the Company 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,” “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 contemplated 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; technological change; retention and renewal of existing contracts and entry into new or revised contracts; availability and adequacy of cash flows to satisfy obligations and indebtedness or 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; inability to benefit from, and risks associated with, strategic equity investments and relationships; failure of Northstar to meet the net income targets or otherwise realize the anticipated benefits under its private management agreement with the Illinois Lottery; seasonality; inability to identify and capitalize on trends and changes in the lottery and gaming industries, including the potential expansion of regulated gaming via the internet; inability to enhance and develop successful gaming concepts; dependence on suppliers and manufacturers; liability for product defects; fluctuations in foreign currency exchange rates and other factors associated with international operations; influence of certain stockholders; 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 included from time to time in the Company’s filings with the Securities and Exchange Commission, including under the heading “Risk Factors” in our periodic reports. Forward-looking statements speak only as of the date they are made and, except for the Company’s ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Scientific Games Corporation