Scientific Games Announces Major Instant Games Contract Extension With California State Lottery
Company Will Continue to Serve as Primary Provider to No. 3 Instant Games Lottery in World
LAS VEGAS and ATLANTA, Dec. 10, 2019 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") announced the California State Lottery (the "Lottery" or "California Lottery") has signed a three-year contract extension for Scientific Games to continue as the Lottery's primary provider of instant games and associated services through November 2022, with optional extensions remaining through 2025. The Company will continue to provide the No. 3 instant game lottery in the world (2018 total sales, La Fleur's Almanac) with instant games and services, including product and player research, game design, game portfolio planning, integrated marketing programs and retailer account management.
"As the California Lottery's profits grow responsibly, so does the collective impact our partnership has on public education in the state. We value the trust the California Lottery has placed in Scientific Games, and we are proud to continue our focus on innovation and growth that ultimately benefits students in the state of California," said John Schulz, Senior Vice President, Lottery Instant Products for Scientific Games.
Scientific Games has supplied the California Lottery with instant games nearly every year since the Lottery's inception in 1985. Under the current primary instant games contract, the Company has helped the Lottery responsibly grow instant game retail sales from $3.06 billion annually in calendar year 2013 to $5.06 billion in calendar year 2018.
Since 1985, the California Lottery has returned $34.2 billion to the state's public schools.
Scientific Games launched the world's first secure retail instant game in 1974, the first digital instant game in the U.S. in 2014, and is the leading provider of lottery interactive games, mobile apps, player loyalty programs and other interactive products and services in the U.S. lottery industry. The Company is also the fastest growing lottery systems technology provider in the U.S.
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About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.
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SG Lottery Communications:
Therese Minella, APR +1 770-825-4219
Director, Lottery Communications
Susan Cartwright +1 702-532-7981
Vice President, Corporate Communications
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including those factors described in our filings with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on February 28, 2019 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games 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