Scientific Games Signs Massachusetts State Lottery Instant Ticket Contract

  Scientific Games Signs Massachusetts State Lottery Instant Ticket Contract

PR Newswire

NEW YORK, Oct. 25, 2012

NEW YORK, Oct. 25, 2012 /PRNewswire/ -- Scientific Games Corporation (Nasdaq:
SGMS) today announced that the Company has signed a contract to supply instant
ticket games and related services to the Massachusetts State Lottery. The
Company was selected following a competitive procurement process. The
three-year contract, which started October 4, 2012, includes options for the
Lottery to extend the contract for two additional one-year periods. Revenue
to Scientific Games will continue to be based on a price-per-thousand tickets
basis.

"The Massachusetts State Lottery has worked with Scientific Games since we
started selling instant tickets nearly four decades ago, during which time
they have consistently produced high quality products and met required
performance outcomes," said Lottery Executive Director Paul Sternburg. "We are
pleased to continue this partnership with Scientific Games as we work to
maximize revenues returned to the Commonwealth and increase local aid dollars
distributed to our 351 cities and towns."

"We are pleased to continue our relationship with the Massachusetts Lottery,
which is well known as an industry leader and one of the top performing
lotteries in the world," commented Jim Trask, President of Printed Products
for Scientific Games. "Scientific Games strives to be the best in the
industry and offer the best products to our customers. We are pleased that our
bid received the highest scores in every evaluation category from an
independent evaluation team at the highest per capita instant ticket lottery
in the world."

In fiscal year 2012, the Massachusetts State Lottery generated lottery
revenues of $4.7 billion, of which $3.3 billion was derived from instant
ticket game sales, and returned over $981 million in net profit to the
Commonwealth.

About Massachusetts State Lottery
The Massachusetts State Lottery was established by the legislature in 1971 in
response to the need for revenues for the 351 cities and towns of the
commonwealth.

To provide an operating structure for the Lottery, the Legislature established
a five-member commission that includes the state treasurer as chairperson, the
secretary of public safety, the state comptroller, and two gubernatorial
appointees.

The Commissioners set overall policy for the Lottery that reflects its
statutory mission and vision. They advise and make recommendations to the
Executive Director of the Lottery regarding its operation and administration.

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.

Company Contact:
Cindi Buckwalter, Investor Relations
(212) 754-2233

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 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

Website: http://www.scientificgames.com
 
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