Scientific Games named one of Georgia's Top 40 most innovative technology companies
Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced that the Company has been named one of "Georgia's Top 40 Most Innovative Companies" by the Technology Association of Georgia (TAG), an association dedicated to the promotion and economic advancement of technology in the state. TAG's "Top 40 Awards" recognize Georgia technology companies for their innovation, financial impact and their efforts at spreading awareness of Georgia's technology initiatives throughout the U.S. and globally.
ATLANTA – March 19, 2015 – Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced that the Company has been named one of "Georgia's Top 40 Most Innovative Companies" by the Technology Association of Georgia (TAG), an association dedicated to the promotion and economic advancement of technology in the state. TAG's "Top 40 Awards" recognize Georgia technology companies for their innovation, financial impact and their efforts at spreading awareness of Georgia's technology initiatives throughout the U.S. and globally.
Scientific Games, along with the all of the companies selected for the "Top 40," will be showcased at the 2015 Georgia Technology Summit on March 25 at the Cobb Galleria Centre in Atlanta. The Company, which supplies technology, products and services to government lotteries and gaming organizations around the globe, will exhibit its PlayCentral™ HD advanced self-service technology for selling lottery games. The PlayCentral HD was developed by the Company's Alpharetta, Georgia-based game technologists and software engineers to align with today's most experiential vending trends.
"The 2015 'Top 40' finalists are an elite group of innovators who represent the very best of Georgia's technology community," said Tino Mantella, president & CEO of TAG. "The 'Top 40' are shining examples of what makes our state such a hotbed for technology and we applaud them for standing out as leaders in Georgia's technology community."
The 2015 Georgia Technology Summit is expected to draw more than 1,300 executives, entrepreneurs, technology professionals and academia to celebrate and recognize Georgia's technology community. The Summit will feature presentations from some of the top technology influencers in the U.S., including Massachusetts Institute of Technology (MIT), Tesla Motors and Amazon.com.
Walt Eisele, Senior Vice President and Chief Technology Officer, Lottery, for Scientific Games said, "We are proud to be recognized as a technology leader in the state of Georgia and to be in the company of so many great innovators. The theme for the 2015 Summit is Disruptive Innovations...The Power to Inspire, and I believe that this perfectly describes Scientific Games' 40 years of innovations and the positive impact we have made on the global lottery and gaming industry."
Launching the world's first secure instant lottery game in 1974, Scientific Games supplies games, technology and services to the $284 billion (U.S.) global lottery industry. The company's global lottery business center is based north of Atlanta, where more than 1,100 members of Georgia's workforce are employed. Scientific Games currently designs and produces 98 percent of the Georgia Lottery's instant games and provides the Georgia Lottery with marketing, promotional and distribution services. The Georgia Lottery is ranked No. 2 in the world for instant game per capita sales (La Fleur's 2015 Almanac).
About The Technology Association of Georgia TAG (www.tagonline.org)
TAG is the leading technology industry association in the state, serving more than 26,000 members through regional chapters in Metro Atlanta, Athens, Augusta, Columbus, Macon/Middle Georgia and Savannah. TAG's mission is to educate, promote, and unite Georgia's technology community to foster an innovative and connected marketplace that stimulates and enhances a tech-based economy. The association provides networking and educational programs; celebrates Georgia's technology leaders and companies; and advocates for legislative action that enhances the state's economic climate for technology. TAG hosts over 200 events each year and serves as an umbrella organization for 34 professional societies. Additionally, the TAG Education Collaborative (TAG's charitable arm) focuses on helping science, technology, engineering and math (STEM) education initiatives thrive.
About Scientific Games (www.scientificgames.com)
Scientific Games Corporation is a leading developer of technology-based products and services and associated content for worldwide gaming and lottery markets. The Company's portfolio includes instant and draw-based lottery games; electronic gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and social, mobile and interactive content and services.
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," "should," "could," "potential," "opportunity," or similar terminology. Forward-looking statements may contain expectations regarding activities, financial position, operations, synergies and other results following our acquisition of WMS. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, 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; effect of indebtedness on our operations and financial condition; availability and adequacy of cash flows to satisfy obligations and indebtedness or future needs; protection of our intellectual property; ability to license third party intellectual property; intellectual property rights of others; security and integrity of software and systems; reliance on information technology 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; inability of our joint venture to meet the net income targets or otherwise to realize the anticipated benefits under its private management agreement with the Illinois Lottery; inability of our joint venture to meet the net income targets or other requirements under its agreement to provide marketing and sales services to the New Jersey Lottery or otherwise to realize the anticipated benefits under such agreement (including as a result of a protest); failure to realize the anticipated benefits related to the award to our consortium of an instant ticket concession in Greece; the seasonality of our business; disruption of our current plans and operations in connection with our acquisition of WMS; failure to achieve the intended benefits of the WMS acquisition, including due to the inability to realize synergies in the anticipated amounts or within the contemplated time-frames or cost expectations, or at all; 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; slow growth of gaming jurisdictions or the casino industry; decline in the replacement cycle of gaming machines; consolidation or ownership changes in the casino industry; 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 under our 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 ("SEC"), including in our Annual Report on Form 10-K filed with the SEC on March 12, 2013 and in our subsequent 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
Phone +1 847 785-3167
Phone +1 773 961-1194
Theresa Minella, APR
Lottery Group Communications
Phone +1 770 825-4219