Scientific Games Awarded Instant Ticket Contract in Philippines
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Thu, 05 Nov 2009 13:36:01 GMT |
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Scientific Games Corporation |
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5-Year Contract for the National Roll Out of Instant Tickets NEW YORK, Nov. 5
NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- Scientific Games Corporation (Nasdaq: SGMS) announced it has been selected as the exclusive supplier of instant tickets, marketing services and validation systems to the Pacific Online Systems Corporation ("Pacific Online") in the Philippines. The contract commenced September 2009, has an initial term of five years and includes a two-year contract extension option.
The contract covers the national roll out of instant tickets in the Philippines after a successful market test. The Philippines is the world's 12th most populous country, with an estimated population of approximately 92 million people.
Pacific Online Systems Corporation engages in the design, development, and management of online computer systems, terminals and software for the gaming industry in the Philippines. It brokers technology from various suppliers of integrated gaming systems and leases the equipment needed to the Philippine Charity Sweepstakes Office ("PCSO") for its on-line lottery operations in the Visayas and Mindanao regions. The PCSO has been described as the government's charity arm, with its primary goals to finance health programs, render medical assistance and services to the disadvantaged sectors of society and perform charitable work. It is also mandated to develop community health care in regional hospitals throughout the country through TB, cancer and dialysis centers. Since the introduction of lotteries, the PCSO has been able to expand its services to victims of natural and man-made disasters.
"This is a great opportunity for us to become a partner to the lottery in the Philippines through Pacific Online," commented Mike Chambrello, President and COO of Scientific Games Corporation. "We see tremendous potential in the Philippines for instant tickets based on its promising outlook for investment and future growth and we believe Pacific Online will be a great partner to grow instant ticket sales, considering the excellent job they've done driving lotto sales through strategic roll-out of new terminals, more aggressive distribution and continuous opening of retail outlets." "We have been very impressed with the initial market tests for instant scratch tickets thanks to Scientific Games," said Willy N. Ocier, Chairman and President of Pacific Online Systems Corporation. "Based on these results, we believe making instant scratch tickets readily and widely available nationwide will help take our lottery to the next level."
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 60 other countries. For more information about Scientific Games, please visit our web site at www.scientificgames.com.
Company ContactInvestor RelationsScientific Games212-754-2233
Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the 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 in our markets; recent changes to certain contracts; technological change; retention and renewal of existing contracts and entry into new contracts; availability and adequacy of cash f to satisfy obligations and indebtedness of 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; seasonality; ability to enhance and develop successful gaming concepts; influence of certain stockholders; dependence on suppliers and manufacturers; liability for product defects; factors associated with foreign operations; 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 set forth from time to time in our filings with the SEC, including under the heading "Risk Factors" in our Current Report on Form 8-K filed on May 18, 2009 and in our most recent Quarterly Report on Form 10-Q. Forward-looking statements speak only as of the date they are made, and except for our ongoing obligations under the U.S. federal securities laws, we undertake 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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