David L. Kennedy Appointed as President and Chief Executive Officer of Scientific Games

    David L. Kennedy Appointed as President and Chief Executive Officer of
                               Scientific Games

PR Newswire

NEW YORK, Nov. 19, 2013

NEW YORK, Nov. 19, 2013 /PRNewswire/ -- Scientific Games Corporation (Nasdaq:
SGMS) (the "Company") announced today that its Board of Directors has
appointed David L. Kennedy as Chief Executive Officer, who will succeed A.
Lorne Weil effective immediately. The Board of Directors also determined to
separate the roles of Chairman and Chief Executive Officer and has appointed
Ronald O. Perelman as its Chairman.

Mr. Perelman said, "We are fortunate to have someone of David's caliber step
in and lead the Company at this important time. Having served on the Board for
the last four years as Vice Chairman and as a member of the Executive and
Finance Committee, and as an executive of Scientific Games from 2010 to 2012,
David understands the business extremely well and is ideally qualified to work
with the management team to further improve results, oversee the integration
of WMS Industries, and work with the Board to facilitate an ongoing succession
process. The Board is confident that he and the Company's outstanding
management team will accelerate business performance and continue to build a
strong, profitable company."

"I am honored that the Board has selected me to lead Scientific Games and I am
excited about the opportunity to work with the talented executive team in
place to continue to grow the business," said Mr. Kennedy. "Scientific Games
is well positioned to offer customers a complete suite of products and
services, expand opportunities for our employees and drive enhanced value for
our stockholders."

Mr. Kennedy, 66, has served as Vice Chairman of the Board and a member of its
Executive and Finance Committee since October 2009. Mr. Kennedy served as an
executive of Scientific Games from November 2010 until March 2012, including
as Chief Administrative Officer from April 2011 until March 2012. Mr. Kennedy
most recently served as President of MacAndrews & Forbes Holdings Inc. and as
President and Chief Executive Officer of Revlon from September 2006 through
May 2009. Mr. Kennedy's business career, spanning four decades, also includes
several senior management and senior financial positions with The Coca-Cola
Company, including Managing Director of Coca-Cola Amatil Ltd, a publicly held
Australian Company.

About Scientific Games
Scientific Games Corporation is a leading developer of technology-based
products and services and associated content for worldwide gaming and lottery
markets. The Company's portfolio includes instant and draw-based lottery
games; electronic gaming machines and game content; server-based lottery and
gaming systems; sports betting technology; loyalty and rewards programs; and
social, mobile and interactive content and services. For more information,
please visit: www.scientificgames.com.

Company Contacts
Investor Relations:
Cindi Buckwalter, (212) 754-2233
William Pfund, (847) 785-3167

Media Relations:
Aimee Remey, (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," "should," "could," "potential," "opportunity," or similar
terminology. Forward-looking statements may contain expectations regarding
activities, financial position, operations, synergies and other results
following our acquisition of WMS. These statements are based upon management's
current expectations, assumptions and estimates and are not guarantees of
timing, 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; effect of indebtedness on our operations and financial
condition; availability and adequacy of cash flows to satisfy obligations and
indebtedness or future needs; protection of our intellectual property; ability
to license third party intellectual property; intellectual property rights of
others; security and integrity of software and systems; reliance on
information technology 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; inability of our joint venture to meet the net income targets
or otherwise to realize the anticipated benefits under its private management
agreement with the Illinois Lottery; inability of our joint venture to meet
the net income targets or other requirements under its agreement to provide
marketing and sales services to the New Jersey Lottery or otherwise to realize
the anticipated benefits under such agreement (including as a result of a
protest); failure to realize the anticipated benefits related to the award to
our consortium of an instant ticket concession in Greece; the seasonality of
our business; disruption of our current plans and operations in connection
with our acquisition of WMS; 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; slow growth of gaming jurisdictions or the
casino industry; decline in the replacement cycle of gaming machines;
consolidation or ownership changes in the casino industry; 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 in our
Annual Report on Form 10-K filed with the SEC on March 12, 2013 and in our
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

Website: http://www.scientificgames.com
Press spacebar to pause and continue. Press esc to stop.