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Scientific Games Racing Signs New Contracts with Racing Operators in Germany and Finland
Mar 17, 2008 (08:03 AM EDT)
NEW YORK, March 17 /PRNewswire-FirstCall/ -- Scientific Games announced it has signed four new contracts with customers in Germany and Finland for the provision of pari-mutuel wagering systems, terminal and services. The long-term contracts are with Direktorium fur Vollblutzucht und Rennen Wirtschaftsdienste und Beteiligungs-GmbH ("DVR"), Traberliga, and Win-Race in Germany, and Fintoto OY of Finland. The combined contracts are expected to generate approximately $4 million of revenue per year.
Under the terms of a five-year agreement with DVR, Scientific Games Racing ("SGR") will provide wagering central systems from the Essen Data Center in Essen, Germany, network communications equipment to facilitate remote wagering and commingling, on-track support services, and teller-operated wagering terminals for the 20 thoroughbred horse racing tracks in Germany operated by DVR.
Under separate agreements with Traberliga and Win-Race, SGR will provide on-track services, central systems from the Essen Data Center, network communications equipment and wagering terminals to the nine German harness tracks operated by these companies. The contracts with Traberliga and Win- Race are open-ended, continuing indefinitely with automatic annual renewal. All of the German contracts commenced on January 1, 2008.
Engelbert Halm, Chief Executive Officer of DVR stated "We are very pleased to continue our long relationship with the industry leader, Scientific Games. Their systems and terminals provide DVR with reliability, flexibility and security to support our standard high level of patron service."
Under the fourth new agreement, SGR will extend its 28-year relationship with Fintoto OY of Finland to provide the next generation Quantum(TM) System, along with a ten-year maintenance and support provision. The Fintoto Quantum(TM) System will consist of triplex central system hardware with hot stand-by for disaster recovery and the Red Hat Linux-based operating system. Development and testing of the new Fintoto Quantum(TM) System will commence in 2008 with full implementation to occur in the first quarter of 2009.
"Having achieved continuous and an average of 10 percent growth over the last 13 years, we were seeking a system that would allow Fintoto continued success for years to come," said Ilmari Halinen, Managing Director of Fintoto. "It became clear to us that the open standards of Scientific Games' Quantum(TM) System would offer us the scalability and flexibility to accommodate our ambitious future plans and objectives."
"It's particularly gratifying to have long-term customers not only extend their relationship with our company, but expand it as well," said Brooks Pierce, President of Scientific Games Racing. "We look forward to continuing our partnership with these customers to further develop the pari-mutuel wagering market in Europe."
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
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.
Web site: http://www.scientificgames.com/
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