Download
pdf, 148 kb
Feb 14, 2017
LAS VEGAS and ATLANTA – February 14, 2017 –Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) today announced that Missouri Lottery (“the Lottery”) has extended its current instant games contract for three additional yeats with Scientific Games, the world’s leading supplier of lottery instant games. Building on more than 85 years of innovation, the Company will continue to provide entertaining instant games to Missouri players, along with a new exciting, full-loyalty website for My Lottery Players Club, which has 228,000 members.
May Scheve Reardon, Executive Director, Missouri Lottery, said, “Our Lottery generates funds to provide educational opportunities for Missouri students, support Missouri businesses, and entertain millions. The instant games created by Scientific Games help us ensure continued growth in profits to the state of Missouri. We are confident that our My Lottery Players Club developed by Scientific Games has contributed to our success in recent years, and we look forward to building upon the popularity of our players club.”
Scientific Games collaborates with the Missouri Lottery team to bring the entertainment of instant games to their players, and has helped grow instant games by 25 percent in the last five years (2011-2016) with top-sellers like $300,000,000 Golden Ticket, $100 Million Cash Bonanza and 50X the Cash.
In 2011, the Company developed the Lottery’s current website featuring the My Lottery Players Club program with an online store for loyalty Points for Prizes® redemption, FunPlay™ games, and more. To date, more than 186 million tickets have been entered on the website by players, with more than 309,000 prizes redeemed.
John Schulz, Senior Vice President of Instant Products for Scientific Games, said, “We’ve worked hard alongside the Missouri Lottery as they have built an incredibly loyal fan base by continually evolving their brand and their game offering. This contract extension represents the Lottery’s confidence in our products and services to help the Lottery provide further growth in the years ahead. We are excited to continue the great work we have delivered with our instant game products and full loyalty program to help drive profits for the state of Missouri.”
The Missouri Lottery sales began in 1986 and have since contributed more than $5.5 billion to Missouri and public education.
Currently, Scientific Games provides games, technology and services to more than 150 lotteries globally, including nearly every North American lottery.
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.
Lottery Communications
Therese Minella +1 770-825-4219
Corporate Communications
Susan Cartwright +1 702-532-7981
Investor Relations
Bill Pfund +1 702-532-7981
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 February 29, 2016 (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.