Scientific Games and SWISSLOS Sign Contract
NEW YORK – (PRESS RELEASE) -- Scientific Games Corporation (Nasdaq: SGMS) today announced that its subsidiary, Scientific Games International GmbH in Vienna, Austria, has signed a contract with SWISSLOS, to deliver a new online gaming system that will operate all of SWISSLOS' games. The contract is valued at euro 6 million and is scheduled to commence operation in November 2005.
The contract encompasses the delivery of the system and all project services including ongoing maintenance and support services for a projected period of ten years. The software for the existing terminals will be provided by the incumbent terminal vendor Wincor Nixdorf, which will provide its products as a subcontractor to Scientific Games Austria. The agreement also includes an option for SWISSLOS to purchase instant tickets over the next three years valued at additional euro 1.5 million.
Lorne Weil, Chairman and CEO of Scientific Games Corporation said, "This agreement significantly expands our business with SWISSLOS and we are looking forward to working with them to further increase the market for online and instant ticket games throughout Switzerland."
SWISSLOS currently has online retail sales of approximately $800 million.
