Scientific Games Awarded Illinois Video Gaming Central Control System Contract
Poster: SySAdmin
Posted on August 12, 2010 at 3:07:01 PM
Scientific Games Awarded Illinois Video Gaming Central Control System Contract
NEW YORK, Aug. 12 -- Scientific Games Corporation (NASDAQ:SGMS) today announced its wholly-owned subsidiary Scientific Games International, Inc. has been awarded the contract for the design, implementation and administration of its next-generation Video Gaming Central Control System by the Illinois Gaming Board. Under the terms of the contract, Scientific Games will provide real-time communication and control between every licensed video gaming terminal in the state of Illinois on a 24 hours a day/7 days a week/365 days a year basis for the life of the contract. The contract was awarded through a competitive procurement process, has an initial term of six years and includes an additional four-year contract extension option.
Under legislation signed by Governor Quinn in 2009 every licensed video gaming terminal must be connected to a central communication system, which must be able to support up to 60,000 terminals in up to 15,000 locations.
"We are well aware how important video gaming revenue is to the success of Illinois capital projects and our role in ensuring the integrity, fairness and security of that operation. The central communication system is a crucial element of this success and we are looking forward to working with Scientific Games," stated Mark Ostrowski, Administrator of the Illinois Gaming Board. "Their proven experience operating wide-area gaming systems throughout the world will enable us to implement video gaming in Illinois."
"This is a significant award for Scientific Games as Illinois could prove to be the largest video gaming network in the country with the potential for up to 60,000 video gaming terminals," said Michael R. Chambrello, President and CEO of Scientific Games. "Given the size of this network, Illinois' selection of Scientific Games is a tremendous endorsement of the advancement of our technology and service and further affirmation of our North American gaming strategy, which focuses on building our core strengths while leveraging the experience, content and technological expertise of The Global Draw."
Scientific Games' global central systems business, including its The Global Draw and Games Media subsidiaries, currently operates over 115,000 terminals throughout the world.
About Scientific Games
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 50 other countries.
Company Contact:
Cindi Buckwalter, Investor Relations
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," "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; availability and adequacy of cash flow 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; inability to complete the proposed sale of the racing and venue management businesses; 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. 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
CONTACT: Cindi Buckwalter, Investor Relations, +1-212-754-2233
NEW YORK, Aug. 12 -- Scientific Games Corporation (NASDAQ:SGMS) today announced its wholly-owned subsidiary Scientific Games International, Inc. has been awarded the contract for the design, implementation and administration of its next-generation Video Gaming Central Control System by the Illinois Gaming Board. Under the terms of the contract, Scientific Games will provide real-time communication and control between every licensed video gaming terminal in the state of Illinois on a 24 hours a day/7 days a week/365 days a year basis for the life of the contract. The contract was awarded through a competitive procurement process, has an initial term of six years and includes an additional four-year contract extension option.
Under legislation signed by Governor Quinn in 2009 every licensed video gaming terminal must be connected to a central communication system, which must be able to support up to 60,000 terminals in up to 15,000 locations.
"We are well aware how important video gaming revenue is to the success of Illinois capital projects and our role in ensuring the integrity, fairness and security of that operation. The central communication system is a crucial element of this success and we are looking forward to working with Scientific Games," stated Mark Ostrowski, Administrator of the Illinois Gaming Board. "Their proven experience operating wide-area gaming systems throughout the world will enable us to implement video gaming in Illinois."
"This is a significant award for Scientific Games as Illinois could prove to be the largest video gaming network in the country with the potential for up to 60,000 video gaming terminals," said Michael R. Chambrello, President and CEO of Scientific Games. "Given the size of this network, Illinois' selection of Scientific Games is a tremendous endorsement of the advancement of our technology and service and further affirmation of our North American gaming strategy, which focuses on building our core strengths while leveraging the experience, content and technological expertise of The Global Draw."
Scientific Games' global central systems business, including its The Global Draw and Games Media subsidiaries, currently operates over 115,000 terminals throughout the world.
About Scientific Games
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 50 other countries.
Company Contact:
Cindi Buckwalter, Investor Relations
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," "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; availability and adequacy of cash flow 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; inability to complete the proposed sale of the racing and venue management businesses; 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. 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
CONTACT: Cindi Buckwalter, Investor Relations, +1-212-754-2233