Scientific Games Awarded Iowa Lottery Systems Contract and Instant Ticket Contract Extension

NEW YORK, Nov. 3, 2010 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) today announced it has been awarded the integrated Lottery Gaming Systems contract by the Iowa Lottery.  The new contract includes the installation of new sales terminals, a new terminal communications network and a full suite of data processing servers.  The Iowa Lottery's 2,500 retail locations will be equipped with the next-generation WAVE™ terminal as well as the industry's most innovative ticket checkers, peripherals, and displays.  The contract, which was awarded through a competitive procurement process, begins July 2011, has an initial term of seven years and includes three additional one-year contract extension options.

In addition to the Gaming System contract, the Iowa Lottery Board recently approved a second one-year extension to the Iowa Lottery's contract with Scientific Games for the production of instant tickets.

"The Iowa Lottery is well recognized as one of the most innovative and forward-looking lotteries and we are proud to continue our collaboration," said Michael R. Chambrello, President and CEO of Scientific Games. "We have cultivated a great relationship with the Iowa Lottery over the years, in both their online and instant ticket businesses, and we look forward to continuing their strong growth."

"The Board voted unanimously to award the contract for the lottery gaming systems to Scientific Games, which received the highest technical score as well as the best pricing score," said Terry Rich, CEO of the Iowa Lottery Authority.

In fiscal 2009, the Iowa Lottery generated $243 million in retail sales and returned $61 million to the state.

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 include instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming machines.  Scientific Games serves customers in approximately 50 countries.  For more information, please visit our web site at www.scientificgames.com.

Forward-Looking Statements

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 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; technological change; retention and renewal of existing contracts and entry into new or revised contracts; inability to fully realize, and risks associated with, our deferred tax assets; availability and adequacy of cash flow 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, joint ventures and strategic investments and relationships; inability to identify and capitalize on trends and changes in the lottery and gaming industries; 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 foreign 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.

SOURCE Scientific Games Corporation