Friday, November 14, 2008

Scientific Games Signs Three-Year Contract Extension with Georgia Lottery Corporation

PRNewswire-FirstCall/ -- Scientific Games (NASDAQ: SGMS) announced it has signed a three-year contract extension as the primary vendor to supply instant tickets and related services including marketing, shipping, warehousing, game design, inventory control, distribution and sales staff training, to the Georgia Lottery Corporation. The extension commences in September 2010 and lengthens the current contract to 2013. Revenue to Scientific Games is estimated at approximately $28 million per year.

"The Georgia Lottery Corporation has been a valued instant ticket customer of ours since their inception in 1993," said Lorne Weil, Chairman and CEO of Scientific Games. "The Georgia Lottery is one of the top performing lotteries in the country, and we are proud to have helped to grow their instant ticket sales over 60% during the last five years. We look forward to continuing to grow revenues for education and the HOPE Scholarship and Pre-K Programs for years to come."

"The Georgia Lottery Corporation's (GLC) successful 15 year partnership with Scientific Games has resulted in record sales and profits to education here in Georgia," said GLC President and CEO Margaret DeFrancisco. "We look forward to continuing efforts with our partners to raise even more dollars for Georgia students."

In Fiscal 2008, the Georgia Lottery Corporation produced $2.4 billion in instant ticket sales, representing 68% of total lottery sales, and returned $867 million to fund educational causes.

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