Scientific Games Signs Terminal and Instant Game System Contracts with Norsk Tipping
NEW YORK, Aug. 7, 2013 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) today announced that the Company has signed contracts to provide terminals, installation and support services for approximately 5,000 modular WAVE™ M lottery retail terminals and an AEGIS NGS Instant Game Engine for Norsk Tipping, the national lottery in Norway. The contracts followed a competitive procurement. The Company will provide maintenance and support for the terminals for five years following the date on which the first terminal is in commercial production. Terminal delivery and installation is expected to begin in April 2014. Scientific Games will also develop a state-of-the-art AEGIS NGS Instant Game Engine for Norsk Tipping and provide maintenance of the system for four years.
"We have worked closely with Scientific Games for seven years on several large technology projects," stated Torbjorn Almlid, CEO of Norsk Tipping. "They understand our complex business needs and we trust their technological expertise and quality of service. We feel confident their modern terminals and instant game system will help to grow our sales."
"As the existing supplier of terminals, an instant game system and recently deployed sports betting and numbers game engines, we are honored to be selected once again for these vital parts of Norsk Tipping's business," said John Donahue, Managing Director, International Lottery Systems for Scientific Games. "We have proven we have the embedded knowledge and world-class technology to enable our customers to launch products more quickly and seamlessly than in the past. We look forward to continuing our long relationship with Norsk Tipping."
About Norsk Tipping
Norsk Tipping is Norway's leading gaming company, wholly-owned by the Norwegian state, with a profit of $694 million in 2012. The company's main objectives are to provide the Norwegian people with responsible games and entertainment. The profits ensure a secure and long-term funding for the beneficiary organizations. The company offers in its product portfolio Tipping, Oddsen, Lotto, VikingLotto, Extra, Joker, Keno, Flax and EuroJackpot. In addition, Norsk Tipping offers interactive video terminals Multix and Belago.
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.
Cindi Buckwalter, Investor Relations
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 meet the net income targets or other requirements under its agreement to provide marketing and sales services to the New Jersey Lottery or otherwise to realize the anticipated benefits under such agreement (including as a result of a protest); the seasonality of our business; failure to receive the required approvals related to the award to our consortium of an instant ticket concession in Greece on a timely basis or at all, or otherwise to realize the anticipated benefits in connection with such concession; failure to complete the pending acquisition of WMS Industries Inc. ("WMS") on a timely basis or at all, including due to the inability to obtain the gaming regulatory approvals required to complete the acquisition; disruption of our current plans and operations in connection with the WMS acquisition; failure to achieve the intended benefits of the WMS acquisition, including due to the inability to realize synergies in the anticipated amounts or within the contemplated time-frames or cost expectations, or at all; 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 ("SEC"), including under the heading "Risk Factors" in the Company's Annual Report on Form 10-K filed with the SEC on March 12, 2013 and in its subsequent 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