Sep. 9, 2009 (PR Newswire) --
NEW YORK, Sept. 9 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq: SGMS) announced that it has finalized an agreement with the Israel Sports Betting Board in Petach-Tikva, Israel for new online terminals, which includes the delivery of up to 2,000 state-of-the-art WAVE(TM) terminals with 17" customer display units. The agreement also includes the provision of maintenance and project services for a period of five years with options to extend for two additional two-year increments. The agreement with the Israel Sports Betting Board is expected to generate $8.6 million in sales revenue and $1.7 million in annual service revenue. The initial installment of 600 WAVE(TM) units will take place in 2009.
Mike Chambrello, President and Chief Operating Officer of Scientific Games Corporation said, "We are very proud to have been selected as the partner to deliver the next generation online terminals to the Israel Sports Betting Board. We are looking forward to continuing our successful cooperation to further improve the market for online sports betting games in Israel."
Upon successful completion of the agreement, Offer Peri, the CEO of the Israel Sports Betting Board said, "With the modern WAVE(TM) online terminal, our lottery is well prepared to grow the sports gaming market responsibly in this extremely important retail channel in Israel and to increase our products and attractions to the customer."
In 2008, the Israel Sports Betting Board had online retail sales of EURO 290 million or US$406 million.
About ISBB
The Israel Sports Betting Board is entrusted with the sole right to manage sports betting in Israel under legislation from 1967. The profits earned are dedicated to the advancement of sport: allocations to organizations, associations and sports teams, allocations for constructing infrastructure and allocations for Olympic sports.
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.
