Scientific Games Wins Maine Contract
NEW YORK – (PRESS RELEASE) -- Scientific Games Corporation (Nasdaq: SGMS) announced that it was awarded the central monitoring system contract by the Maine Gambling Control Board for its new gaming machine network, subject to the negotiation of a final agreement. The contract is valued at $2.6 million over the initial five-year term of the contract based on one racetrack location. If an additional racetrack is added to the central monitoring system as expected, revenues could reach $4.2 million. Contract extensions are available for an additional five years.
The Maine Gambling Control Board announced its decision pursuant to a competitive procurement process. The new Scientific Games AEGIS® Video central monitor system will begin operation in 2005 and will initially monitor 1,500 gaming machines at Bangor Historic Racetrack.
Lorne Weil, chairman and CEO of Scientific Games, said, "We are very excited about the Maine Gambling Control Board's decision to use our AEGIS Video system. This contract once again confirms that the combination of our proven AEGIS Online technology with the new industry standard SAS Protocol is an effective one. By using our central system, Maine's gaming patrons can enjoy the very latest slot and VLT games while its regulators will have improved monitoring capability and superior reliability."
Scientific Games is the only vendor with SAS 6.01 Protocol in production and SAS 6.01 is the only standard protocol accepted by the gaming industry. Because Maine selected a system with SAS 6.01, Bangor Historic Racetrack and Maine gaming officials will be able to provide its customers with gaming machines representing approximately 95 percent of the machines available in the marketplace today.
