NEW YORK, Aug. 15, 2012 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) today announced that the Company has entered into a contract to be the exclusive supplier of Scratch'N Win ticket games and related services for the Atlantic Lottery, subject to certain exceptions. The Company was selected following a competitive procurement process. The seven-year contract, which began on August 1, 2012, includes an option for the Lottery to extend the contract for an additional three-year period. Revenue to Scientific Games will continue to be based on a price-per-thousand tickets basis.
"Atlantic Lottery is committed to delivering socially responsible, relevant and entertaining games to our players," said Jean-Marc Landry, Senior Category Manager with Atlantic Lottery. "We have a more than 35-year history with Scientific Games and know that they are capable of delivering the quality products that both we, and our players, expect."
"We are excited to continue our long-term relationship with Atlantic Lottery," said Jim Trask, President of the Printed Products Group for Scientific Games. "Both Scientific Games and Atlantic Lottery value responsibility, integrity, innovative thinking and effective planning and we believe that shared focus will help generate financial results that will make Atlantic Canada a better place."
In fiscal year 2011/12, Atlantic Lottery generated nearly $627 million in sales of ticket lottery products, including a record breaking $186 million from its Scratch'N Win ticket business. Since 1976, the Lottery has returned more than $7.4 billion in profit back to Atlantic Canadian communities.
About Atlantic Lottery
Atlantic Lottery is the regulated provider of gaming in Atlantic Canada and is owned jointly by the four Atlantic provincial governments: New Brunswick, Prince Edward Island, Nova Scotia and Newfoundland and Labrador. The corporation returns 100% of its profits to the four provinces to help fund essential public services like roads, schools and hospitals. Since 1976, it has returned more than $7.4 billion in profits to the region, including $369 million last year alone. In addition, Atlantic Lottery's presence in the region helped create 9,000 direct and indirect jobs in 2011. To learn more about Atlantic Lottery, visit www.askaway.ca.
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.
Aimee Remey, Corporate Public 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," "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.
SOURCE Scientific Games Corporation