Scientific Games Successfully Renews Key Supply Agreement with Gala Coral
The Global Draw Renews Contract Covering 6,500 Nevada Terminals
NEW YORK, Feb. 1 /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 Gala Coral. The agreement covers 1,646 Gala Coral shops and the provision of more than 6,500 leading Nevada gaming terminals, 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 supply and service of gaming machines for the Gala Coral estate for the next four years. Gala Coral has the option to extend the contract to the end of 2017.
Steve Frater, Executive Chairman of the The Global Draw, said: "Gala Coral has been a great customer for the past ten years and we are honored and excited to continue our partnership. We consider this renewal to be a true reflection of the quality and performance of our product, which couples innovative game design with the very best cabinets and a fully integrated and networked operating system."
John Pettit, Machine Director of the Gala Coral Group, said: "Gala Coral is committed to meeting customer demand and providing the best possible gaming experience. The partnership with The Global Draw has undoubtedly enhanced our machine offer and we are confident that, together with our games partners, this will continue. In addition, Global Draw's clear commitment to future innovation and development will enable technology to enhance our customer's gaming experience."
The Global Draw is a leading supplier of dual screen B2/B3 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.
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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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