Game Innovation and Value Drive Texas Lottery's Six-Year Contract Extension with Scientific Games
Company's Instant "Scratch" Games Continue Generating Funds for Education and Veterans' Assistance in State of Texas
LAS VEGAS and ATLANTA, Oct. 17, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced that the Texas Lottery extended the Company's existing contract for instant "scratch" games six additional years through 2024. Scientific Games' innovative instant products, including spotlight games, families of games, Scratch My Back® games offering play on both sides of the ticket, and new high-definition HD Games™, have proven popular with Texas Lottery players. In 2017, the Texas Lottery was the first of 16 U.S. lotteries to launch Scientific Games' blockbuster WILLY WONKA GOLDEN TICKET™ multi-state linked instant game with winners from Texas attending the BILLION DOLLAR CHALLENGE™ event in Las Vegas in spring 2018.
"The Texas Lottery recognizes the continuous innovation that Scientific Games invests to create very marketable games that are not only enjoyed by our players, but help us make important contributions to education and veterans' assistance in our state," said Texas Lottery Executive Director Gary Grief. "Scientific Games is a trusted business partner, and we look forward to six more years of 'scratch' game entertainment that has been a vital part of the Texas Lottery's growth over many years."
Scientific Games, a U.S.-based company, has provided instant games to the Texas Lottery since the Lottery's inception 26 years ago. With a total contribution of $1.450 billion to education and veterans' assistance in the state in fiscal year 2018, the Texas Lottery has generated more than $1 billion in revenue for Texas for 15 consecutive years and has experienced record sales for eight straight years.
"Scientific Games is honored to continue our longtime instant games partnership with the Texas Lottery," said John Schulz, Senior VP Instant Products, Lottery for Scientific Games. "Led by an account team that is highly experienced with the Texas Lottery's unique business and revenue requirements, our game designers are already innovating more value-added products that can help the Lottery achieve its financial goals in the coming years."
With a total of nine instant game presses in five manufacturing facilities on four continents, Scientific Games supplies products that generate more than 70 percent of U.S. instant game retail sales. The Company launched the world's first secure instant lottery game in 1974 and currently provides games, technology and services to more than 150 lotteries globally.
WILLY WONKA & THE CHOCOLATE FACTORY and all related characters and elements © and ™ Warner Bros. Entertainment Inc. (s18)
All ® notices signify marks registered in the United States. © 2018 Scientific Games Corporation. All Rights Reserved.
About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The company is #1 in technology-based gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit www.scientificgames.com
Company Contacts
SG Lottery Communications:
Therese Minella +1 770-825-4219
Director, Lottery Communications
[email protected]
Corporate Communications:
Susan Cartwright +1 702-532-7981
Vice President, Corporate Communications
[email protected]
Investor Relations:
Michael Quartieri +1 702-532-7658
Executive Vice President and Chief Financial Officer
Forward-Looking Statements
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including those factors described in our filings with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 1, 2018 (including under the headings "Forward Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games 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
Related Links
http://www.scientificgames.com
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