Scientific Games Signs Primary Instant Game Contract with California Lottery

 Scientific Games Signs Primary Instant Game Contract with California Lottery

PR Newswire

NEW YORK, Dec. 3, 2013

NEW YORK, Dec. 3, 2013 /PRNewswire/ -- Scientific Games Corporation (Nasdaq:
SGMS) (the "Company") today announced that it has signed a contract with the
California State Lottery to be the primary provider of instant games and
associated support services, including account management, instant game
design, product and player research, game planning, and integrated marketing
programs. The six-year contract, which begins December 1, 2013 was awarded to
the Company following a competitive procurement process and includes options
for the California Lottery to extend the contract for up to six additional
years. Revenue to Scientific Games will continue to be based on a
percentage-of-sales basis.

"We are pleased to continue our relationship with Scientific Games. Their
winning proposal was the only bid to receive a 'significantly exceeds' rating
and we know they are capable of providing the best offering to the California
Lottery in terms of experience, capability and game innovation," said Paula
LaBrie, Acting Director for the California State Lottery. "Scientific Games
gives us access to a great team of experienced professionals to work with us
on the execution of our business plan initiatives following a record breaking
year of contributions to education."

"The California Lottery is a long valued customer of Scientific Games. Our
history together began in 1985 when the Lottery started. We are honored to
be selected for our creativity, game innovation and unique capability to
continue to support the Lottery's growth," said James Kennedy, Executive Vice
President and Group Chief Executive of Lottery for Scientific Games.

In fiscal year 2012-13, the California Lottery celebrated record instant game
sales of $3.0 billion, an increase of 8.5% over the prior fiscal year. The
Lottery recently launched Fortune 55, the first HTML 2nd Chance interactive
game in the U.S. lottery industry.

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

About the California Lottery
The mission of the California Lottery is to provide supplemental funding to
California schools while simultaneously supporting local communities. More
than 96 cents of every dollar spent by our players goes back to local
communities in the form of contributions to public schools and colleges,
prizes and retail compensation. The California Lottery urges its customers to
play responsibly and within their budgets.

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
 
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