All systems go: Arizona Lottery's advanced, new integrated gaming system from Scientific Games is live
Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced the successful launch of its latest generation lottery gaming system for the Arizona Lottery ("the Lottery"). The system is now "live" with the retail terminals across the state, increasing the momentum behind the Lottery's strategic plan to grow sales and financial returns to state beneficiaries.
LAS VEGAS and ATLANTA, Sept. 9, 2016 - Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced the successful launch of its latest generation lottery gaming system for the Arizona Lottery ("the Lottery"). The system is now "live" with the retail terminals across the state, increasing the momentum behind the Lottery's strategic plan to grow sales and financial returns to state beneficiaries.
Designed and installed by Scientific Games, this new and advanced gaming system brings significant improvements to the consumer experience at retail, advanced promotional and content delivery capabilities, as well as enhancements to data security and communications between the Lottery and its retailers.
"We could not be more excited about the success of our gaming systems conversion. The collaboration between our team and Scientific Games has been unprecedented throughout this nine-month project," said Gregg Edgar, Executive Director of the Arizona Lottery. "Retailers are very pleased with the new point-of-sale equipment and this new system will help the Arizona Lottery move forward in our goals to significantly grow retail sales and increase contributions to our state beneficiaries."
In July 2015, the Arizona Lottery awarded Scientific Games a new contract for its gaming system, with its Evaluation Committee Report noting: "SGI is an industry leader in innovation and offers the best opportunity to grow lottery sales in this ever-changing environment as we move into the future."
The new contract provides an integrated lottery gaming system, facilities management services for the Lottery's central computer systems, software, data center operations, a retailer telecommunications network, retail point-of-sale and peripherals, in-store digital advertising content system, mobile programs, retailer website, as well as marketing and promotional services. The contract remains in effect for five years beginning August 28, 2016. The contract may be extended for up to an additional five years.
Pat McHugh, Senior Vice President, Global Lottery Systems for Scientific Games, said, "We are very pleased to see so much excitement surrounding this conversion. Scientific Games aligned with the Lottery's strategic goals and our teams have worked well together every step of the way. We've implemented the Company's most advanced, open architecture AEGISTM system here in Arizona. It is a next generation system that will serve and support the Lottery's growth plans today and in the future."
"Our WAVETM and FlairTM point-of-sale terminals and Lottery InMotionTM digital advertising system have been a hit with retailers and players. We congratulate the Arizona Lottery on their foresight and express our sincere gratitude for trusting Scientific Games with this technology implementation. We look forward to leveraging the capabilities of the new system, products and services to increase funding for the Lottery's beneficiaries."
Scientific Games has provided instant games to the Arizona Lottery since its inception in 1981. Today, with operations on six continents, the Company provides lottery games, services, systems and retail technology to more than 150 lotteries globally, including nearly every North American lottery.
About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a leading developer of technology-based products and services and associated content for worldwide gaming, lottery and interactive markets. The Company's portfolio includes gaming machines, game content and systems; table games products and utilities; instant and draw-based lottery games; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and interactive content and services.
In this press release, Scientific Games 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,” “goal,” or similar terminology. 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; U.S. and international economic and industry conditions, including declines in or slow growth of lottery retail sales or gross gaming revenues, reductions in or constraints on capital spending by gaming or lottery operators and credit risk relating to customers; slow growth of new gaming jurisdictions, slow addition of casinos in existing jurisdictions and declines in the replacement cycle of gaming machines; ownership changes and consolidation in the casino industry; opposition to legalized gaming or the expansion thereof; ability to adapt to, and offer products that keep pace with, evolving technology; ability to develop successful gaming concepts and content; laws and government regulation, including those relating to gaming licenses and environmental laws; inability to identify and capitalize on trends and changes in the gaming and lottery industries, including the expansion of interactive gaming; dependence upon key providers in our social gaming business; retention and renewal of existing contracts or entry into new or revised contracts; level of our indebtedness, higher interest rates, availability and adequacy of cash flows and liquidity to satisfy obligations or future needs, and restrictions and covenants in our debt agreements; protection of our intellectual property, ability to license third party intellectual property, and the intellectual property rights of others; security and integrity of our software and systems and reliance on or failures in our information technology systems; natural events that disrupt our operations or those of our customers, suppliers or regulators; inability to benefit from, and risks associated with, strategic equity investments and relationships, including (i) the 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, (ii) the 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) and (iii) failure to realize the anticipated benefits related to the award to our consortium of an instant lottery game concession in Greece; failure to achieve the intended benefits of the acquisition of WMS, 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 complete future acquisitions, including the pending acquisition of Bally Technologies, Inc. (“Bally”) due to the failure to obtain the required approvals or debt financing or otherwise; litigation relating to the pending Bally acquisition; disruption of our current plans and operations in connection with the pending Bally acquisition (whether prior to its completion or following its completion, including in connection with the integration of Bally), including departure of key personnel or inability to recruit additional qualified personnel or maintain relationships with customers, suppliers or other third parties; costs, charges and expenses relating to the pending Bally acquisition; inability to successfully integrate future acquisitions, including Bally (including SHFL entertainment, Inc. and Dragonplay Ltd.) following completion of the pending Bally acquisition; failure to realize the intended benefits of the pending Bally acquisition, including the inability to realize the anticipated synergies in the anticipated amounts or within the contemplated time-frames or cost expectations, or at all; inability to control Bally until completion of the Bally acquisition; incurrence of restructuring costs, revenue recognition standards and impairment charges; fluctuations in our results due to seasonality and other factors; dependence on suppliers and manufacturers; risks relating to foreign operations, including fluctuations in foreign currency exchange rates and restrictions on the import of our products; dependence on our employees; litigation and other liabilities relating to our business, including litigation and liabilities relating to our contracts and licenses, our products and systems, our employees, intellectual property and our strategic relationships; influence of certain stockholders; and stock price volatility. Additional information regarding risks, 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 our filings with the SEC, including under the heading ”Risk Factors” in our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made and, except for Scientific Games’ ongoing obligations under the U.S. federal securities laws, Scientific Games 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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