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|Scientific Games Awarded New Jersey Account Wagering Contract|
Revenue Estimated at $1 Million Per Year
NEW YORK, Nov. 7 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq: SGMS) announced it has been awarded the contract to provide an internet wagering platform and an interactive voice response ("IVR") telephone wagering system for New Jersey Account Wagering LLC. The three year contract was awarded through a competitive procurement, is expected to generate approximately $1 million in revenue per year, and includes the option to extend for an additional year. New Jersey Account Wagering ("NJAW"), a partnership between the New Jersey Sports and Exposition Authority ("NJSEA") and Pennwood Racing LLC, is the exclusive provider of telephone and internet account wagering services to residents of New Jersey.
Scientific Games will provide the hardware, software, telecommunications, support and other services necessary to sustain licensed internet and telephone account wagering to New Jersey residents of majority age under the supervision of the New Jersey Gaming Authority. The Company will operate the NJAW telephone account wagering system from its Quantum(TM) Data Center East (QDC) and its Trackplay(TM) wagering platform will be integrated into the New Jersey Account Wagering website, www.4njbets.com. The Trackplay(TM) white label interactive wagering platform provides complete wagering functionality, handicapping information, streaming video, race replays, and account funding services and has been in operation in both the US and abroad since 2001 for customers including Churchill Downs Inc., Fair Grounds and Tote Ireland.
"As the sole provider of totalisator wagering systems to all racetracks and off-track betting facilities in New Jersey, we are delighted to now extend this highly valued relationship to the interactive arena with this contract," said Lorne Weil, Chairman and CEO of Scientific Games. "We believe the patrons of New Jersey Account Wagering will respond well to the improved look and enhanced functionality offered by our Trackplay(TM) wagering website and will benefit from the consistency and high availability offered by our account wagering systems."
"As the exclusive provider of account wagering services in our state, NJAW systems must be proven, stable and able to withstand the peaks in wagering that accompany major wagering events, such as the recent Breeders' Cup event hosted at Monmouth Park," said Dennis Dowd, Senior Vice President for Racing of the New Jersey Sports and Exposition Authority. "Our experience with Scientific Games over the years has instilled in us a high level of confidence in their people, products and services and we have no doubt that our patrons will find the new Internet and telephone wagering platforms to be stable, user-friendly and feature-rich."
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of fixed odds betting terminals 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 Contact: Investor Relations Scientific Games 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 outcomes 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 the Company's markets; technological change; retention and renewal of existing contracts and entry into new 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; seasonality; dependence on suppliers and manufacturers; 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 included from time to time in the Company's filings with the Security and Exchange Commission, including the Company's most recent Annual Report on Form 10-K. 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: Investor Relations of Scientific Games Corporation, +1-212-754-2233