7-Year Agreement to Supply Instant Tickets and Cooperative Services
NEW YORK, Aug. 14 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq: SGMS) announced it has been selected as the cooperative services provider and the primary vendor to supply instant tickets to the newly formed Arkansas Scholarship Lottery, upon completion of an open and competitive procurement process. The contract begins in August 2009, has an initial term of seven years and includes three one-year contract extension options. Scientific Games will handle the manufacturing, warehousing and distribution of instant tickets and will be compensated based on a percentage of instant ticket retail sales.
"We are very grateful to once again be chosen to aid in the establishment of a new lottery," commented Joe Wright, CEO of Scientific Games Corporation. "We have been the vendor of choice for more lottery start-ups than any other company in the world and are proud of our record of reliability, security and innovation. We look forward to assisting the Arkansas Scholarship Lottery with its goal to provide scholarships and grants for state residents to attend in-state colleges and universities."
"We are excited to work with Scientific Games in executing the vision we have established for the new Arkansas Lottery," said Ernie Passailaigue, Executive Director of the Arkansas Scholarship Lottery. "Partnering with Scientific Games will allow us to bring innovative and creative instant ticket products to our players while maximizing our contribution to new scholarship opportunities for the citizens of Arkansas."
The Arkansas Scholarship Lottery was established by a voter-approved constitutional amendment in November 2008 followed by legislation passed in March 2009.
About Scientific Games
Scientific Games Corporation is a 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.
