Louisiana Lottery Extends Instant Games Contract With Scientific Games For Five Years
Lottery's Instant Game Sales Grew Over 40 Percent Since 2010 Under Current Contract
LAS VEGAS and ATLANTA, Aug. 22, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced that the Louisiana Lottery Corporation (the "Lottery") has extended its existing contract with the Company to provide instant products and services to the Lottery for an additional five years. The Lottery may extend the contract for five additional one-year terms thereafter. Scientific Games has supplied the Louisiana Lottery with instant games since 2005. Under the Company's current contract, the Lottery's annual fiscal instant game sales increased over 40 percent from 2010 to 2018.
"Scientific Games has proven to be a trusted partner and provider of instant games to the Louisiana Lottery," said Louisiana Lottery President Rose Hudson. "We have worked together successfully to maximize profits for K-12 public education in Louisiana. The Louisiana Lottery is very proud to rank second in the U.S. for percentage of lottery revenue transferred to the state."
Louisiana players will continue to enjoy the fun and entertainment of instant games from Scientific Games, including favorites Triple Play, Power 5s and Make My Year™. The Company also provides games themed to licensed properties and Louisiana culture such as JACKPOT PARTY® and CrawCash. Each year, the Louisiana Lottery introduces a portfolio of approximately 70 instant games at the $1, $2, $3, $5 and $10 price points, designed and manufactured by Scientific Games.
"We take great pride in providing long-time, strategic business support to the Louisiana Lottery, helping them responsibly increase funds for their state beneficiaries," said John Schulz, Senior Vice President, Instant Products for Scientific Games. "We look forward to continuing to provide Louisiana players with exciting and innovative instant games that support K-12 public education in Louisiana, as well as the Louisiana Department of Health and Hospitals-Office of Behavioral Health's problem gambling programs."
In fiscal year 2018, the Louisiana Lottery transferred more than $171.9 million to the state treasury, bringing cumulative contributions to more than $3.5 billion. Fiscal year 2018 state transfers were up $12.7 million from 2017 and exceeded budget by $17.7 million.
With a total of nine instant game presses in five manufacturing facilities on four continents, Scientific Games is the world's largest supplier of lottery instant games. The Company provides games, technology and services to more than 150 lotteries globally.
© 2018 Scientific Games Corporation. All Rights Reserved.
About Scientific Games (www.scientificgames.com)
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The company is #1 in technologybased gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology.
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 can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including those factors described in our filings with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 1, 2018 (including under the headings "Forward Looking Statements" and "Risk Factors"). 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
SG Lottery Communications:
Therese Minella, APR
Telephone: +1 770-825-4219
Director, Lottery Communications
Telephone: +1 702-532-7981
Vice President, Corporate Communications
Telephone: +1 702-532-7658
Executive Vice President and Chief Financial Officer