Scientific Games Completes Gaming System Conversion with New Player Subscription Technology for North Dakota Lottery
Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced the successful completion of an integrated lottery gaming system conversion, including a player subscription technology platform, for the North Dakota Lottery ("the Lottery"). The conversion was completed as part of an eight-year agreement with Scientific Games for the operation of an integrated online lottery gaming system and services. The new system also features the Company's SciplayTM interactive technology which enables an internet-based player subscription program in North Dakota. Under the gaming system contract, Scientific Games also provides the Lottery with a players club and the Company's Points for Prizes program. The contract was awarded to Scientific Games following a competitive procurement and may be extended for two years.
ATLANTA – October 15, 2014 – Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced the successful completion of an integrated lottery gaming system conversion, including a player subscription technology platform, for the North Dakota Lottery ("the Lottery"). The conversion was completed as part of an eight-year agreement with Scientific Games for the operation of an integrated online lottery gaming system and services. The new system also features the Company's SciplayTM interactive technology which enables an internet-based player subscription program in North Dakota. Under the gaming system contract, Scientific Games also provides the Lottery with a players club and the Company's Points for Prizes program. The contract was awarded to Scientific Games following a competitive procurement and may be extended for two years.
Scientific Games completed the conversion ahead of schedule in July 2014. The conversion was executed with uninterrupted operation of the Lottery's gaming systems, including statewide instant game distribution, telecommunications network, software and new point-of-sale equipment at lottery retailers throughout North Dakota.
Pat McHugh, President, North American Lottery Systems for Scientific Games said, "This conversion project was a great example of collaboration with the North Dakota Lottery and its retail network. With the new systems technology, the player subscription program, players club and Points for PrizesTM program, North Dakota is well-positioned for continued growth with additional ways to their engage players. Players are also responding positively to the new self-serve kiosks installed as part of the systems conversion." Scientific Games has served as the central gaming systems provider for the North Dakota Lottery since the Lottery began in 2004.
Scientific Games installed a new communications network, a full suite of draw- based game systems and a range of new lottery equipment in more than 400 retail locations, with 50 new licensed retailers to be added. The Company's newest WAVETM terminals were deployed, as well as its new PlayCentralTM EX self-service kiosks which are player activated for draw game purchase. In addition, the Lottery's draw games are available to adult players within the state of North Dakota through a new internet-based subscription program powered by the Company's award-winning Sciplay technology. Scientific Games also launched the Lottery's players club website and is providing additional marketing services.
Since the North Dakota Lottery began in 2004, it has transferred over $56 million to the State General Fund which benefits everyone who lives in, works in or visits the state of North Dakota.
About the North Dakota Lottery
The North Dakota Lottery is responsible for administering, regulating, enforcing, and promoting the state's lottery. The Lottery selects and licenses retailers, trains employees of retailers to use lottery terminals, sell tickets and redeem winning tickets, assists retailers in promoting lottery games, pays high-tier prizes to players, and ensures that retailers and players comply with the lottery law and rules. The North Dakota Lottery conducts five multistate games: Powerball®, Mega Millions® Hot Lotto®, Wild Card 2® and 2by2®.
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