Scientific Games Successfully Renews Exclusive Totesport Agreement
The Global Draw to Provide 2,000 Nevada Terminals
NEW YORK, Jan. 20 /PRNewswire-FirstCall/ -- Scientific Games Corporation (Nasdaq: SGMS) announced its wholly owned subsidiary The Global Draw Ltd, has successfully renewed an agreement to continue as the sole provider of server-based gaming machines for major UK bookmaker Totesport, the retail division of the UK Tote. The Global Draw will provide approximately 2,000 of its leading Nevada gaming terminals to 530 Totesport betting shops, which will include added functionality via new technology such as player tracking, improved yield management tools and menu management. The Global Draw will be responsible for the management of all Totesport gaming machines. The agreement runs for four years, with an option to extend to the end of 2016.
"Machine income is key to the success of a modern betting shop and since we first began working with the Tote ten years ago we have been able to demonstrate our unrivalled depth of knowledge of the betting industry and deliver a range of effective gaming solutions and leading cashbox performance for their shops nationwide," said Phil Horne, Managing Director of The Global Draw. "We very much respect the achievements of the Tote's management team and share their desire to deliver the very best gaming solutions for players while also maximizing this vital revenue stream. To be able to continue our partnership is hugely satisfying."
Peter Burke, Managing Director of Totesport, said: "Totesport offers a broad range of betting options for our customers via our network of shops. Machine betting is a very important part of this offer and we remain extremely pleased with the product quality and standard of service received from The Global Draw. Together we have developed the machine offer considerably over the last ten years and look forward to building on this in years to come."
The Tote is one of the UK's principal betting organizations with more than 3,500 employees, 530 shops, a major presence on all of the 60 racecourses in Britain, as well as internet and telephone betting facilities.
The Global Draw is a leading supplier of server-based gaming machines to UK betting shops with more than 12,500 terminals operating in around 3,400 shops.
About Scientific Games
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands. The Company's customers are in the United States and more than 50 other countries. For more information about the Company, please visit our web site at www.scientificgames.com.
Scientific Games Contact |
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Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the 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 in our markets; recent changes to certain contracts; technological change; retention and renewal of existing contracts and entry into new contracts; availability and adequacy of cash flow to satisfy obligations and indebtedness of 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; seasonality; ability to enhance and develop successful gaming concepts; influence of certain stockholders; dependence on suppliers and manufacturers; liability for product defects; factors associated with foreign operations; 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 set forth from time to time in our filings with the SEC, including under the heading "Risk Factors" in our most recent Quarterly Report on Form 10-Q. Forward- looking statements speak only as of the date they are made, and except for our ongoing obligations under the U.S. federal securities laws, we undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Scientific Games Corporation
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