Scientific Games Racing Signs New Contracts with Nassau OTB
Wagering Systems Contracts Expected to Generate Revenue of $12 million
NEW YORK, March 14 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) announced that it signed two new contracts with Nassau Regional
Off-Track Betting Corporation ("Nassau OTB"). The first replaces the
existing totalisator services agreement for the provision of wagering
systems hardware, software, service, wagering devices and a new digital
Interactive Voice Response (IVR) telephone wagering system. The second
provides for the implementation of a new Trackplay(TM) advanced deposit
wagering (ADW) website. The two contracts have a term of six years and are
expected to generate annual revenue of approximately $2 million.
Under the new totalisator services agreement, Scientific Games will
install BetJet(TM) terminals featuring the ClearBet(TM) user interface at
Nassau OTB branches and will provide a new APT(TM) Player Tracking and
Rewards System. The fully-integrated APT system will allow patrons to
access information about their rewards accounts directly from BetJet
terminals.
The second contract provides a Trackplay(R) Internet wagering website
to compliment the existing OTB-based and telephone/IVR ADW services and
offer a full suite of ADW systems through which Nassau OTB will offer
secure wagering at the OTB branches, and via telephone and internet. These
services will be offered pursuant to all local and state regulatory
requirements. Launch of the Internet wagering website www.nassauotb.com,
the new digital IVR and new APT Player Tracking and Rewards system will
occur in the first half of 2008.
"After decades of working with Nassau Regional OTB, it is very
gratifying to extend our relationship to include the full spectrum of our
ADW and value-added products," said Brooks Pierce, President of Scientific
Games Racing. "We are very proud of this partnership and look forward to a
long and healthy future with Nassau OTB."
Dino Amoroso, President of Nassau OTB stated, "We are very excited
about these upgrades in technology and equipment that will allow us to
enhance our patrons wagering experience at virtually every touch point: at
the branches, over the phone or over the Internet. NROTB has always strived
to offer our customers the very best wagering experience while achieving
operational efficiency and we believe that, with these new technologies
from Scientific Games, NROTB will serve as the model for future
full-service pari-mutuel wagering operations."
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 www.scientificgames.com.
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.
SOURCE Scientific Games Corporation
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