Scientific Games Enters Historical Horse Racing Gaming Segment
Company to Deliver New Machines Via 3-Way Partnership with Churchill Downs and Ainsworth
LAS VEGAS, Feb. 19, 2020 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") announced that it has developed, and Kentucky Horse Racing Commission (KHRC) has approved, their first generation of Historical Horse Racing (HHR) machines.
Through a 3-way partnership with Churchill Downs Incorporated (CDI) and Ainsworth Game Technology, Scientific Games will deliver HHR games to two CDI gaming properties that will work on the Ainsworth proprietary HHR system which utilizes race data under an exclusive license with CDI. Derby City Gaming in Louisville, Kentucky will receive the first delivery of SG games beginning in February 2020. Oak Grove Racing and Gaming in Oak Grove, Kentucky will receive its first delivery of machines when it opens its gaming facilities later in 2020.
Historical racing machines allow players to wager on previously-run horse races and to manually handicap the races using handicapping information provided in the games, if the players so choose. After a wager is placed, an animated replay of the race finish is shown, and the results of the player's wager is depicted as part of any entertaining game theme with cascading symbols and spinning reels.
"Scientific Games makes some of the best-performing games in the industry and we are delighted to add them to our Derby City and Oak Grove properties," said Austin Miller, Senior Vice President, Gaming Operations for CDI. "The sheer depth of their content library, along with their diverse and innovative hardware portfolio, enables us to considerably expand our game offering, giving our players the very best gaming action in the market. Our guests will recognize the Scientific Games themes and they will love the way the games play."
"We have enjoyed a great partnership with the CDI team, and are excited to bring in Scientific Games to this unique partnership," added Ryan Comstock, Chief Operating Officer for Ainsworth Game Technology. "The addition of SG games and platforms on our proprietary HHR system will create an even more robust gaming mix for both these properties."
Scientific Games will supply its most popular titles from player-favorite slot series including 88 Fortunes, Tree of Wealth, Quick Hit, Lock It Link, and Ultimate Fire Link, among others. The games will be showcased on the Company's innovative and top-performing TwinStar family of cabinet platforms, including the Wave XL, J43, TwinStar 24/24, TwinStar Slant and 3 reel mechanical stepper.
"The team at Scientific Games is extremely excited to partner with CDI and Ainsworth in this new venture," said Robert Parente, EVP and Chief Revenue Officer for Scientific Games. "Both companies have been pioneers in opening up this burgeoning new segment of the gaming market and we are honored they have chosen to work with us in offering the very best in player experiences."
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About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The company is #1 in technology-based gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. 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 www.scientificgames.com.
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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, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the "SEC"), including Scientific Games' 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 18, 2020 (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.