Scientific Games Extends Key Supply Agreement with Gala Coral
NEW YORK, Oct. 8, 2012 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) today announced that its wholly owned subsidiary The Global Draw Ltd. has successfully extended an agreement to continue as the sole provider of server-based gaming terminals for major U.K. bookmaker The Gala Coral Group. The agreement covers 1,744 Coral shops and the provision of Global Draw's exclusive new Infinity2 gaming terminals with enhanced functionality. Global Draw will be responsible for the supply and service of gaming terminals for the Coral estate through 2017.
Steve Frater, Executive Chairman of The Global Draw, Games Media and Barcrest, said, "Coral and Global Draw have been working in partnership for nearly 15 years. This long-term relationship has spanned multiple legislative and technology developments and Coral has always been at the forefront of the industry, as one of the first licensed betting shop chains to install our gaming terminals in 1999 and one of the first to roll out B2/B3 content on our dual-screen terminals in 2007. We are honored and excited to have Coral be the first customer to introduce our new Infinity2 terminal."
Andy Hornby, CEO of Coral, said, "Coral is constantly looking for ways to enhance our gaming offering. Global Draw has consistently provided a high standard of service and support, leading content and a clear commitment to innovation and the future of gaming. We look forward to continuing our partnership with Global Draw and bringing our customers the best possible gaming experience."
About Scientific Games
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, please visit our website at 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," "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 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; availability and adequacy of cash flows to satisfy obligations and indebtedness or 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; inability to benefit from, and risks associated with, strategic equity investments and relationships; failure of Northstar to meet the net income targets or otherwise realize the anticipated benefits under its private management agreement with the Illinois Lottery; seasonality; 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; 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 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 included from time to time in the Company's filings with the Securities and Exchange Commission, including under the heading "Risk Factors" in our 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.
Cindi Buckwalter, Investor Relations
SOURCE Scientific Games Corporation