NEW YORK, May 2, 2013 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) today announced that it has been selected with its partners as the primary vendor team to operate Internet Gaming Systems and Services for the Delaware State Lottery, subject to successful contract negotiations.
Scientific Games teamed with 888 Holdings (LSE: 888) and Williams Interactive LLC, a wholly owned subsidiary of WMS Industries Inc. (NYSE: WMS), to provide a full turnkey solution for the gaming platform, content, and operational services using advanced responsible gaming tools and sophisticated player tracking, in response to the Delaware State Lottery's Internet Gaming System and Services request for proposal (RFP). The RFP includes internet poker, casino table games, and video lottery games.
This joint effort combines 888's decade-long experience being at the forefront of the online gaming industry with Scientific Games' proven ability to provide added value, turnkey solutions to government-sponsored (B2G) and commercial (B2B) gaming operators and Williams Interactive's premium iGaming products and services.
The Lottery evaluation committee's recommendation followed a competitive selection process designed to identify service providers best suited to serve the needs of the Delaware Lottery. The contract will be for an initial term of five years and includes four additional one-year contract extension options.
Delaware became the first U.S. state to implement comprehensive intrastate iGaming including poker, slots and bingo when the General Assembly passed the Delaware Gaming Competitiveness Act of 2012 in June 2012. Delaware has long been an industry model for state regulated gaming. This is another example of Delaware's leadership in protecting state-sponsored gaming rights to maximize proceeds for its citizens. The Delaware Lottery will be the sole regulator of real-money internet gaming for the State with the games branded and marketed through the State's three casinos. The State plans to launch internet games this year.
Lotteries are increasingly pursuing opportunities to develop additional revenue sources for their good causes. This joint effort to support the Delaware Lottery's expansion into internet gaming is a prime example of the synergies that can be achieved by Scientific Games' pending acquisition of WMS, as previously announced on January 31, 2013. Completion of the transaction remains subject to approvals by WMS stockholders and gaming regulatory authorities and other customary closing conditions.
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.
Company Contact: Cindi Buckwalter, Investor Relations (212) 754-2233
About 888 Holdings
888 Holdings Public Limited Company (888) is one of the world's most popular online gaming entertainment and solutions providers.
888 has been at the forefront of the online gaming industry for over a decade, allowing both players and B2B partners to enjoy a world-class gaming experience.
888's consumer facing websites offer more than just online gaming. They are entertainment destinations, places where people can enjoy a truly interactive experience and be part of an online community that shares common interests.
888 websites provide an enjoyable customer experience in a safe and secure environment. 888 remains a leader in responsible gaming, with specialist websites dedicated to both corporate responsibility and responsible gaming.
About Williams Interactive
Williams Interactive is a global provider of premium iGaming products and services, from the white-label Play4Fun Network™ for locations where real-money wagering is not yet allowed, to full casino Managed Services in legalized real-money wagering jurisdictions. The company possesses a robust portfolio of proven WMS Gaming slot themes including Gold Fish®, Glitz™, Super Jackpot Party® and The Wizard of Oz™ already popular with internet casino patrons across Europe. More information can be found at www.williamsinteractive.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," "should," "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 our Northstar Illinois joint venture to meet the net income targets or otherwise to realize the anticipated benefits under its private management agreement with the Illinois Lottery; failure of our Northstar New Jersey joint venture to enter into the private management agreement with the State of New Jersey (including as a result of the pending protest) or to meet the net income targets or other requirements under any such agreement or otherwise to realize the anticipated benefits under any such agreement; the seasonality of our business; inability to obtain the approvals required to complete the merger with WMS Industries Inc. ("WMS"); failure to complete the merger with WMS or, if completed, failure to achieve the intended benefits of such merger or disruption of our current plans and operations; 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 under our 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 the Company's 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.
SOURCE Scientific Games Corporation