Scientific Games Signs Lottery Systems Contract with the Hungarian State
NEW YORK, June 6, 2013
NEW YORK, June 6, 2013 /PRNewswire/ --Scientific Games Corporation (NASDAQ:
SGMS) today announced that the Company has signed a new lottery systems
contract with Szerencsejatek Zrt, the Hungarian State Lottery. The Company
was selected for the contract following a competitive procurement process.
Under the terms of the contract, which ends December 31, 2020, Scientific
Games will implement its AEGIS NGS next-generation central system hardware and
software, install additional WAVE™ terminals and provide related services.
"Scientific Games has been successfully serving our Lottery for many years and
we believe its innovative products and services have been a key factor in our
growth," said Dr. Kalman Szentpetery, Chief Executive Officer and Chairman of
the Board of Directors of Szerencsejatek Zrt. "We are impressed by the WAVE
terminal and the AEGIS NGS system appears to be the best performing lottery
system available today. Scientific Games has delivered once again and we
believe it will continue to help our lottery grow."
"We are pleased to continue our valued partnership with Szerencsejatek Zrt,"
said John Donahue, Managing Director, International Lottery Systems for
Scientific Games. "Innovation is important to both Scientific Games and
Szerencsejatek Zrt and we look forward to further collaboration to drive the
Szerencsejatek Zrt is the only lottery in Hungary, operating over 4,800 retail
terminals with total lottery sales of nearly $900 million in 2012.
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.
Cindi Buckwalter, Investor 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," "should," "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 our Northstar Illinois joint venture to meet the net
income targets or otherwise to realize the anticipated benefits under its
private management agreement with the Illinois Lottery; failure of our
Northstar New Jersey joint venture to enter into an agreement to provide
marketing and sales services to the New Jersey Lottery (including as a result
of a protest) or to meet the net income targets or other requirements under
any such agreement or otherwise to realize the anticipated benefits under any
such agreement; the seasonality of our business; failure to complete the
pending acquisition of WMS Industries Inc. ("WMS") on a timely basis or at
all, including due to the inability to obtain the gaming regulatory approvals
required to complete the acquisition; disruption of our current plans and
operations in connection with the acquisition; failure to achieve the intended
benefits of the WMS acquisition, including due to the inability to realize
synergies in the anticipated amounts or within the contemplated time-frames or
cost expectations, or at all; 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 under
our 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 ("SEC"), including under the heading "Risk Factors" in the
Company's Annual Report on Form 10-K filed with the SEC on March 12, 2013 and
in its subsequent 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
Press spacebar to pause and continue. Press esc to stop.