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Aug 20, 2015
LAS VEGAS and ATLANTA – August 20, 2015 – Scientific Games Corporation (“Scientific Games” or the “Company”) (NASDAQ: SGMS) today announced that the Company has signed a new contract to provide instant games and related services to the Montana Lottery (the “Lottery”). Awarded through a competitive procurement process, the five-year contract began August 8, 2015 and may be extended by the Lottery for an additional two years.
Angela Wong, Director of Montana Lottery, said, “We are always looking for new ways to better serve our retailers and our players, and we look forward to innovating with Scientific Games to create instant games that help us drive revenue transfers to important state programs in Montana.”
Scientific Games has provided instant games to the Lottery since 2007, when the Company acquired Oberthur Gaming Technologies (OGT), and it has worked with the Lottery to grow the instant product category in Montana by more than 44 percent from 2007-2014.
John Schulz, Senior Vice President, Instant Products for Scientific Games, said, “Our collaboration with the Montana Lottery on unique instant products, particularly extended play games like Bingo and Crossword and licensed brand-themed games like Slingo®, has been very successful. We will continue to work together to provide a great entertainment value to consumers in Montana and to help the Lottery in its mission.”
Since the Montana Lottery sold its first game in 1987, it has transferred more than $232 million to the State of Montana. Lottery proceeds go directly to the state’s General Fund, which provides money for education, health, public safety and other programs.
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.
About The Montana Lottery
The Montana Lottery is an enterprise fund that transfers its profit to the state’s General Fund. Its mission is to maximize the transfer of its net revenue to the General Fund by providing products that meet the expectations of consumers and the state of Montana while adhering to the highest standards of security and integrity. For more information, please visit: http://montanalottery.com.
© 2015 Scientific Games. All rights reserved.
Lottery Communications
Therese Minella +1 770-825-4219
Media Relations
Mollie Cole +1 773-532-7981
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 March 17, 2015 (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.