See more news releases in: Gambling & Casinos, Legal Issues
Italian State Council Rules on the Lottery Tender
NEW YORK, March 10 /PRNewswire-FirstCall/ -- Scientific Games Corporation (Nasdaq: SGMS) announced that the Italian State Council issued its ruling on the Gratta & Vinci court case. The initial opinion issued late on March 9th will be followed by a more detailed opinion outlining the rationale and full direction of the court. In its initial opinion, however, the court agreed with the appeal submitted by AAMS, the Italian Gaming regulatory body and by Consorzio Lotterie Nazionali, in which the Company holds a 20% interest.
The State Council also accepted a portion of the appeal submitted by Sisal and ruled that art. 21, paragraph 5 of the law 102/2009 regulating the tender is not applicable. Paragraph 5 related to the interim period whereby Consorzio Lotterie Nazionali would have managed the existing instant lottery games under its current concession through January 31, 2012.
Until the State Council's full decision relating to its resolution is available to the public, we do not know the extent to which the AAMS may be expected to amend the tender.
About Scientific Games
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server-based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands. The Company's customers are in the United States and more than 50 countries. For more information about the Company, please visit our website at http://www.scientificgames.com.
Company Contact: | |
Investor Relations | |
Scientific Games | |
212-754-2233 | |
SOURCE Scientific Games Corporation
Back to top
RELATED LINKS
http://www.scientificgames.com
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
![]()
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All The Glitters: The Ultimate Gold Report".
