Scientific Games Awarded Ontario Instant Ticket Contract
NEW YORK, Dec. 29, 2010 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) today announced that following a competitive procurement process, the Company has been selected to provide instant lottery ticket printing services to the Ontario Lottery and Gaming Corporation ("OLG"). The contract has an initial term of five years and includes extension options for up to three years.
"We are extremely pleased to have OLG as an instant ticket customer," said Lorne Weil, Chairman and CEO of Scientific Games. "In 2009, we invested in a new state-of-the-art printing press for our Montreal facility to optimize service and support for our Canadian customers, as well as our growing base of global customers. This press was a large investment, which more than doubled our prior capacity in Canada and enhanced the security and quality of our instant games. The OLG award helps to validate our strategy and investments in Canada."
"We look forward to working with Scientific Games in the years to come," said Greg McKenzie, Senior Vice President of Lottery for OLG.
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 include instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming machines. Scientific Games serves customers in approximately 50 countries. For more information, please visit our web site at www.scientificgames.com.
Company Contact: |
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Cindi Buckwalter, Investor Relations |
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212-754-2233 |
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About the Ontario Lottery and Gaming Corporation
OLG is a provincial agency responsible for province-wide lottery games and gaming facilities. Since 1975, OLG lotteries, Casinos, Slots, and Resort Casinos have generated more than $32 billion for the benefit of the Province of Ontario. Gaming proceeds support Ontario's hospitals, amateur sport, recreational and cultural activities, communities, provincial priority programs such as health care and education, and local and provincial charities and non-profit organizations through the Ontario Trillium Foundation.
For more information, please contact |
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OLG Media Relations |
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1-888-946-6716 |
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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 projected 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; inability to fully realize, and risks associated with, our deferred tax assets; 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, joint ventures and strategic investments and relationships; seasonality; inability to identify and capitalize on trends and changes in the lottery and gaming industries; 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 foreign 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
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