Scientific Games receives two prestigious international awards: “2015 Lottery Operator of the Year” and “2015 Lottery Supplier of the Year”
Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced it has signed a contract with the Atlantic Lottery Corporation ("ALC" or "the Lottery") to provide a lottery gaming system and internet-based iLottery gaming system. The Company is responsible for developing and implementing its AEGIS NGS lottery gaming system and Sciplay® iLottery system for ALC, as well as providing ongoing operational monitoring and maintenance support beginning in mid-2017. Implementation is expected to begin this month, with conversion to the new system in 2016. The five- year contract, awarded by ALC after a competitive procurement process, includes extension opportunities up to 15 years, for a total of 20 years. The contract extends Scientific Games' gaming technology service presence to 70 percent of the provinces and all three territories in Canada.
ATLANTA – March 2, 2015 – Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced it has signed a contract with the Atlantic Lottery Corporation ("ALC" or "the Lottery") to provide a lottery gaming system and internet-based iLottery gaming system. The Company is responsible for developing and implementing its AEGIS NGS lottery gaming system and Sciplay® iLottery system for ALC, as well as providing ongoing operational monitoring and maintenance support beginning in mid-2017. Implementation is expected to begin this month, with conversion to the new system in 2016. The five- year contract, awarded by ALC after a competitive procurement process, includes extension opportunities up to 15 years, for a total of 20 years. The contract extends Scientific Games' gaming technology service presence to 70 percent of the provinces and all three territories in Canada.
"We are delighted to continue innovating with Scientific Games to bring entertaining lottery games to Atlantic Canadian players through technology that both serves us today and leads us into the future," said Brent Scrimshaw, President and Chief Executive Officer of Atlantic Lottery Corporation. "Our conversion to the AEGIS NGS and Sciplay systems will provide ALC with the opportunity to securely and responsibly grow through traditional retail channels, and now mobile, internet and emerging channels."
ALC operates the gaming business on behalf of the governments of Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador. With this new contract, ALC will replace its current lottery gaming system with a next generation gaming system and iLottery platform that will support its retail and internet gaming channels with advanced functionality and services. The open- architecture of the new system offers flexibility, scalability and speed to market for new products.
"The combination of the AEGIS NGS gaming system and the Sciplay iLottery system will offer ALC a completely integrated technology solution and a deep entertainment portfolio of traditional and digital lottery games for players," said Pat McHugh, Senior Vice President, North American Lottery Systems for Scientific Games. "ALC will be well-positioned to become an industry leader in multi-channel player engagement and promotions that can successfully grow their business."
McHugh said that Scientific Games has provided iLottery and internet-based loyalty solutions to 20 World Lottery Association members, beginning in 2001 with Germany's Lotto Bayern. The Company's Sciplay system is currently the leading iLottery, lottery loyalty and lottery player subscription service technology in the U.S. with implementations in Arkansas, Maine, Maryland, Minnesota, Missouri, North Carolina, and most recently, North Dakota.
Scientific Games began its nearly 40 year relationship with ALC in 1978 as the Lottery's instant game provider. The Company currently provides ALC with instant games and licensed properties and has supplied the Lottery's gaming systems technology since 2001.
About Atlantic Lottery Corporation
Atlantic Lottery is publicly owned by the four Atlantic provinces. Its revenues exceeded $1 billion in 2013-14, and its products range from draw games to sports wagering to online offerings. All profits are returned to the governments of Atlantic Canada for investment in public services. Since Atlantic Lottery was created in 1976, it has returned $8.2 billion.
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