Scientific Games Awarded Florida Lottery Instant Ticket Contract

June 19th, 2008 by admin

NEW YORK, June 19 /PRNewswire-FirstCall/ — Scientific Games announced it has been awarded a contract as the primary vendor to supply instant tickets and related services, including marketing, shipping, warehousing, game design, inventory control, distribution and sales staff training, to the Florida Lottery. The contract, which is expected to begin in October 2008, has an initial term of six years and provides for two extension options of two years each. Scientific Games was chosen as the primary vendor in an open and competitive procurement process, and received the highest score in every element of the technical evaluation criteria. Revenue to Scientific Games is estimated to total approximately $35 million per year.
“The Florida Lottery is one of our legacy cooperative service contracts and has been one of the biggest instant ticket success stories since its inception,” said Lorne Weil, Chairman and CEO of Scientific Games. “The Florida Lottery is an industry leader, a valued customer, and we feel privileged to work with them to help raise more money for education over the next ten years.”
“We have had a great relationship with Scientific Games over the years,” said Leo DiBenigno, Secretary of the Florida Lottery. “Our instant ticket sales have more than tripled over the last ten years of working with Scientific Games, and we look forward to the continuation of this strong relationship.”
In 2007, the Florida Lottery generated over $4 billion in retail sales, of which $2.3 billion was derived from instant tickets. Over the last five years, the Florida Lottery has grown 77% and contributed over $5 billion to Florida’s Educational Enhancement Trust Fund.
About Scientific Games
Scientific Games Corporation is the 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 .
Company Contact:
Investor Relations
Scientific Games Corporation
212-754-2233

Forward-Looking Statements

Certain statements in this press release which are not historical facts, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including those relating to timing of contracts, renewals or other events, business plans and performance objectives, 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; technological change; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; seasonality; dependence on suppliers and manufacturers; factors associated with foreign operations; failure to retain, renew or perform on contracts; resolution of pending or future litigation; and other factors described from time to time in our filings with the SEC, including our most recent Annual Report on Form 10-K. 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.
Scientific Games

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