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Scientific Games Awarded Australia's Golden Casket Instant Ticket Contract
NEW YORK, Dec. 9 /PRNewswire-FirstCall/ -- Scientific Games Corporation (Nasdaq: SGMS) announced that its wholly-owned subsidiary, Scientific Games Products Pty Ltd (Australia), has entered into an Instant Scratch-Its production agreement with Golden Casket Lottery Corporation Limited, a wholly-owned subsidiary of Tatts Group Limited (ASX: TTS), in Australia. The Agreement began in November 2009, has an initial term of two years and includes three one-year extension options. This Agreement is to supply Golden Casket's Instant Scratch-Its tickets, which are available for sale in Queensland, Tasmania, ACT and the Northern Territory.
Bill Thorburn, Golden Casket's Chief Executive commented, "Scientific Games has proven to be a strong partner over the years and we have been very happy with their attention to customer service. We look forward to working with them to introduce innovative scratch-lottery games over the coming years."
"Golden Casket is recognized as one of the world's leading lottery organizations and has a very strong brand association and customer loyalty, which we are pleased to continue to support," commented Mike Chambrello, President and COO of Scientific Games Corporation. "Golden Casket is a valuable customer and we look forward to continuing our successful partnership to grow instant ticket revenue and to return more funds to support a variety of community projects, in their many markets."
Golden Casket has been operating lotteries in Queensland for over 90 years and is one of Australia's leading lottery providers. The Corporation markets the well-known brands of Gold Lotto, Oz 7 Lotto, Powerball, Instant Scratch-Its, The Pools and Casket. In 2009, Golden Casket delivered an extremely strong result with overall sales up 8.5 percent on the previous year. The Company's Instant Scratch-Its portfolio contributed to this success delivering sales growth of 5.1 percent on the previous year.
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 and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site at www.scientificgames.com.
Company Contact Investor Relations Scientific Games 212-754-2233
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements". 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," "could," "potential," "opportunity," or similar terminology. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of future results or performance. Actual results may differ materially from those projected 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 in our markets; recent changes to certain contracts; technological change; retention and renewal of existing contracts and entry into new contracts; availability and adequacy of cash flow to satisfy obligations and indebtedness of future needs; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; inability to identify, complete and integrate future acquisitions; seasonality; ability to enhance and develop successful gaming concepts; influence of certain stockholders; dependence on suppliers and manufacturers; liability for product defects; factors associated with foreign operations; dependence on key personnel; failure to perform on 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 set forth from time to time in our filings with the SEC, including our most recent Quarterly Report on Form 10-Q. Forward-looking statements speak only as of the date they are made and, except for our ongoing obligations under the U.S. federal securities laws, we undertake 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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