Scientific Games Signs Terminal Contract with Swiss Loterie Romande
NEW YORK, July 18, 2013 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) today announced that the Company has signed a contract with Societe de la Loterie de la Suisse Romande (LoRo) to provide delivery, installation, maintenance and support of approximately 3,000 new lottery retail terminals along with new central application terminal software and related services. The contract includes installation of both the WAVE™ and Flair™ retail terminals that will utilize the same application to sell lottery draw games, instant games and sports games. The contract was awarded through a competitive procurement process.
"We selected Scientific Games based on the design of their WAVE and Flair terminals and the single application that runs on both terminals," said Jean-Luc Moner-Banet, CEO of Societe de la Loterie de la Suisse Romande. "Scientific Games has also demonstrated to our respective departments that its terminal concept optimizes maintainability and minimizes the number of cables required. We appreciate the customization of their solutions to best match our needs."
"LoRo is well recognized as one of the most innovative and forward-looking lotteries in Europe," commented John Donahue, Managing Director, International Lottery Systems for Scientific Games. "We are proud to be chosen by LoRo and are confident the Swiss retailers and players will appreciate the more modern terminals."
About Loterie Romande
Loterie Romande was created in 1937 by five Swiss cantons (now six) in the South/West of Switzerland. Loterie Romande was the first Lottery to sell scratch ticket games with instant wins in Europe (in 1978).
In 2011, Loterie Romande generated lottery net sales (sales minus prizes) of CHF370 million (equivalent to US$391 million) with a profit of CHF205 million (ca. US$217 million) for good causes. Loterie Romande distributes all of its profits to good causes. Since 1978, Loterie Romande gave more than CHF2.5 billion (ca. US$2.6 billion) to good causes.
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 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