Scientific Games Completes Gaming System Conversion with New Player Subscription Technology for Maine State 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 Maine State Lottery ("the Lottery"). The conversion was completed as part of a six-year agreement for the operation of an integrated lottery gaming system for instant and draw games. The new system features the Company's Sciplay™ interactive technology which enables an internet-based player subscription program and V.I.P website. Under the gaming system contract, Scientific Games also provides the Maine State Lottery with the Company's Cooperative Services Program (CSP) that integrates the Lottery's instant game operations, including game design and production, marketing services, warehouse management, inventory control and retail distribution. The contract was awarded to Scientific Games following a competitive procurement and may be extended.
ATLANTA – September 25, 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 Maine State Lottery ("the Lottery"). The conversion was completed as part of a six-year agreement for the operation of an integrated lottery gaming system for instant and draw games. The new system features the Company's Sciplay™ interactive technology which enables an internet-based player subscription program and V.I.P website. Under the gaming system contract, Scientific Games also provides the Maine State Lottery with the Company's Cooperative Services Program (CSP) that integrates the Lottery's instant game operations, including game design and production, marketing services, warehouse management, inventory control and retail distribution. The contract was awarded to Scientific Games following a competitive procurement and may be extended.
Scientific Games completed the conversion ahead of schedule in June 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 for lottery retailers throughout Maine. The Company installed the Maine State Lottery's first central gaming system in 1985, however, first began serving the Lottery as its instant game provider in 1975.
"Through collaboration and careful planning with our longtime partner, Scientific Games, the technology conversion was a success and the Maine State Lottery is poised and well-positioned for continued growth," said Gregory Mineo, Director, Maine Bureau of Alcoholic Beverages and Lottery Operations. "With the new retailer equipment, the player subscription program and the instant product category management services provided through the CSP program, we can focus on driving maximum sales and profits for the State of Maine."
Scientific Games installed a new communications network, a full suite of draw-based game systems and a range of new lottery equipment in nearly 1,300 retail locations. New WAVE™ terminals and ticket checkers were deployed, as well as Lottery InMotion™, a digital advertising and content management system that promote the Maine State Lottery games in-store at the retail point-of-sale. In addition, the Lottery's draw games are available to adult players within the state through a new internet-based subscription program powered by the Company's award-winning Sciplay technology. Scientific Games also launched the Lottery's VIP website and is providing additional marketing services.
"We are proud to continue our collaboration with the Maine State Lottery. In the more than three decades that we have been their trusted partner, the Lottery's revenue has experienced continued growth." said Pat McHugh, President, North America Lottery Systems for Scientific Games. "Our focus is aligned with the Lottery's mission to responsibly maximize revenue growth to generate additional funds for the state and the local businesses that depend on lottery sales."
In fiscal year 2013, the Maine State Lottery had total sales of more than $230 million, including over $166 million in instant game sales.
About the Maine State Lottery
The Maine State Lottery is proud of its commitment in providing the citizens of Maine with fun and exciting entertainment through the complete distribution and sales of Tri State Megabucks Plus, Powerball, Mega Millions, Hot Lotto, Lucky for Life, Tri-State Pick 3 and Pick 4 and an extensive array of instant lottery tickets. The Maine State Lottery was established in 1974 by Maine voters in a statewide referendum. In 2004, Maine joined the multi-jurisdictional jackpot game, Powerball; in 2009, Maine joined the multi-jurisdictional jackpot game, Hot Lotto; on May 9, 2010, Maine joined the multi-jurisdictional jackpot game, Mega Millions; and on March 3, 2012 Maine joined the New England Regional Game Lucky for Life. Each year, millions of dollars are returned to players in prize money. Additionally, Maine small businesses receive millions of dollars in commissions and bonuses for selling lottery products, and the State's General Fund received more than $50 million to support essential programs and services.
About Scientific Games www.scientificgames.com
Scientific Games Corporation is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide. Scientific Games' integrated array of products and services includes instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming terminals and associated gaming control systems. For more information, visit www.scientificgames.com.
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
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