Scientific Games Chosen by Oklahoma Lottery
NEW YORK – (PRESS RELEASE) -- Scientific Games Corporation (Nasdaq: SGMS) announced that it has been selected as the full service vendor to provide online and instant lottery tickets and related services for the new Oklahoma Lottery. The contracts are valued at an estimated $6 million for the initial contract term (nine months) and contain six one-year renewal options.
The Oklahoma Lottery start up will be the fastest in the thirty-year history of modern lotteries with instant lottery tickets sales scheduled for launch on or before October 12, 2005 and the online lottery scheduled for launch on November 10, 2005.
"It is wonderful to once again be chosen to aid in the start up of a new lottery," said Lorne Weil, chairman and 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. Our customers constitute the fastest growing lotteries in the country and we believe our services and products contribute to that performance. We are looking forward to assisting the Oklahoma Lottery in its goals to support educational programs."
Jim Scroggins, Executive Director of the Oklahoma Lottery, said, "We are excited to have our selection process behind us so we can move forward to make the Oklahoma Lottery a reality. Partnering with Scientific Games will allow us to bring innovative and creative products to our players while maximizing our contribution to Oklahoma Education."
The Oklahoma Lottery was established by order of the legislature in November 2004 with net proceeds benefiting education within the state.
