Scientific Games Releases App with Ticket Scanning Capability
Scientific Games Corporation (Nasdaq: SGMS) announced today its release of a groundbreaking mobile app with a ticket scanning feature. The app was designed and launched for the Tennessee Education Lottery Corporation to complement its VIP Rewards® program, the Lottery's Points for Prizes® program created and managed by Scientific Games and its subsidiary, MDI Entertainment, LLC.
ATLANTA – February 18, 2014 – Scientific Games Corporation (Nasdaq: SGMS) announced today its release of a groundbreaking mobile app with a ticket scanning feature. The app was designed and launched for the Tennessee Education Lottery Corporation to complement its VIP Rewards® program, the Lottery's Points for Prizes® program created and managed by Scientific Games and its subsidiary, MDI Entertainment, LLC.
A component of Scientific Games' Properties Plus® program, Points for Prizes allows players to enter lottery tickets into an exclusive Players Club member section of the Lottery's website to earn rewards points. Points accrue with each ticket entered, and can be redeemed by the player in the Points for Prizes online store for loyalty rewards ranging from movies, music and eBook downloads to electronics, jewelry and sporting equipment. Using the new MDI-built app, players have the ability to scan a barcode on eligible tickets to have their points instantly added to their accounts, and to enter Play It Again!TM and 2nd Chance drawings. No manual ticket entry is needed.
In addition to the scanning tool, the Tennessee Education Lottery Corporation's app delivers other valuable features from its VIP Players Suite® website including e-alerts setup and modification to receive draw results, jackpots, "Your Number's Up" and other game notifications. Information on eligible instant games, as well as member ticket entry history and point balances also are available via the app. Non-members can even register for a VIP Players Suite® account directly from their mobile devices.
"We're extremely pleased to offer our players this multi-functional new app," said Rebecca Hargrove, President & CEO of the Tennessee Education Lottery Corporation. "This gives us yet another way to connect with our players, reward our VIP Players Suite® members and, ultimately, maximize proceeds for the students and families of our great state."
Amy Bergette Hill, Senior Vice President for Interactive at Scientific Games, said, "The creation of the ticket scanning function is a significant step forward, and we commend the Tennessee Education Lottery Corporation for being the first to offer it to its players. This makes the ticket entry process much quicker and more convenient for players, and eliminates any possibility of incorrectly keying in a number. The scanning tool is a noteworthy feature of Tennessee's new app, and now can be offered with other mobile apps we build for our customers."
In the first 30 days following its release, the Tennessee Education Lottery Corporation's new app was downloaded more than 14,000 times. Nearly 900,000 tickets were entered via the app's scanning functionality, representing 14 percent of the total number of tickets entered during that time.
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