LAS VEGAS and ATLANTA, June 26,
2017 /PRNewswire/ -- Scientific Games Corporation
(NASDAQ: SGMS) ("Scientific Games" or the "Company") today
announced that the Company won a new, four-year contract to provide
instant games and additional services to the New Hampshire Lottery
(the "Lottery"), the first U.S. state lottery and one of the
nation's most successful lotteries. A catalyst for the U.S. lottery
industry that has grown to 44 state lotteries, the New Hampshire
Lottery is currently ranked among the Top 10 lotteries in the world
for instant game per capita sales (La Fleur's Almanac).
The New Hampshire Lottery has partnered with Scientific Games
since its first instant game launch in 1975, and for the last 10
years the Company has served as the Lottery's sole instant game
provider. The new four-year contract begins July 1, 2017 and may be extended for two
additional years. Scientific Games also provides licensed
properties to the Lottery, including the fan favorite THE WIZARD
OF OZ™, and interactive games such as SLINGO® Lottery
Challenge.
Charlie McIntyre, Executive
Director of the New Hampshire Lottery, said, "Our collaboration on
instant games over the last four decades is truly a success story.
Scientific Games has have deep
expertise with prize structures, and highly experienced game
designers who create games our players love to play. Most
important, their instant games have generated millions in revenue
to support education in New
Hampshire."
In New Hampshire, total instant
game sales have increased 6.4 percent in the last five years (FY
2011-2016), with instant game per capita sales increasing 6.2
percent compared to 5.7 percent for the industry. Creative options
like Scientific Games' Scratch My Back®, offering play on
both sides of the ticket, have recently been a big hit with players
in the state.
John Schulz, Senior Vice
President, Instant Products, for Scientific Games, said, "We
appreciate the New Hampshire Lottery's confidence in Scientific
Games' ability to offer a wide array of instant games. Ultimately,
our goal is to provide the Lottery with the most innovative game
portfolio to entertain New
Hampshire players and help drive proceeds for
education."
Scientific Games currently supplies more than 70 percent of
lottery instant games in the U.S. and provides games, technology
and services to more than 150 lotteries worldwide, including nearly
every North American lottery.
SLINGO ©2001-2017 BLASTWORKS LTD. www.slingo.com.
THE WIZARD OF OZ and all related characters and elements are
trademarks of and © Turner Entertainment Co. Judy Garland as Dorothy from THE WIZARD OF
OZ. (s17)
All ® notices signify marks registered in the United
States. © 2017 Scientific Games Corporation. All Rights
Reserved.
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 us at
www.scientificgames.com.
Company Contacts
Lottery Communications:
Therese Minella (770) 825-4219
Investor Relations:
Bill Pfund (702) 532-7663
Corporate Communications:
Susan Cartwright (702) 532-7981
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," "target," "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. Therefore, you should not rely on any of these
forward-looking statements as predictions of future events. 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 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 gaming
industry; opposition to legalized gaming or the expansion thereof;
inability to adapt to, and offer products that keep pace with,
evolving technology, including any failure of our investment of
significant resources in our R&D efforts; inability to develop
successful products and services and capitalize on trends and
changes in our industries, including the expansion of internet and
other forms of interactive gaming; laws and government regulations,
including those relating to gaming licenses and environmental laws;
dependence upon key providers in our social gaming business;
inability to retain or renew, or unfavorable revisions of, existing
contracts, and the inability to enter into new contracts; level of
our indebtedness, higher interest rates, availability or adequacy
of cash flows and liquidity to satisfy indebtedness, other
obligations or future cash needs; inability to reduce or refinance
our indebtedness; restrictions and covenants in debt agreements,
including those that could result in acceleration of the maturity
of our indebtedness; protection of our intellectual property,
inability to license third party intellectual property, and the
intellectual property rights of others; security and integrity of
our products and systems and reliance on or failures in information
technology and other systems; challenges or disruptions relating to
the implementation of a new global enterprise resource planning
system; failure to maintain internal control over financial
reporting; 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; failure to achieve the intended benefits of our
acquisitions; incurrence of restructuring costs; implementation of
complex revenue recognition standards or other new accounting
standards; changes in estimates or judgments related to our
impairment analysis of goodwill or other intangible assets;
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, restrictions on the payment of dividends from
earnings, restrictions on the import of products and financial
instability, including the potential impact to our business
resulting from the affirmative vote in the U.K. to withdraw from
the EU, and the potential impact to our instant lottery game
concession or VLT lease arrangements resulting from the recent
economic and political conditions in Greece; changes in tax laws or tax rulings, or
the examination of our tax positions; dependence on key employees;
litigation and other liabilities relating to our business,
including litigation and liabilities relating to our contracts and
licenses, our products and systems, our employees (including labor
disputes), intellectual property, environmental laws and our
strategic relationships; 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 filed with the SEC on
March 3, 2017 (including under the
headings "Forward Looking Statements" and "Risk Factors").
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