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February 13, 2008 |
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SCIENTIFIC GAMES: Wins Ticketing Deal w/ French Lottery Operator Scientific Games has been chosen as the primary instant ticket provider to La Francaise des Jeux, the operator of the French National Lottery. The contract, which began January 2008, will have an initial term of three years and will provide for extension options of up to three years. The contract is expected to generate approximately US$10 million in annual revenue based on a minimum quantity of tickets. Tickets printed under this contract will include Scientific Games Orion(TM) encoding that will enable the keyless validation of La Francaise des Jeux's instant tickets using digital camera technology. Orion(TM) is the latest generation of Scientific Games' keyless instant ticket validation technology licensed by the French lottery operator. Orion(TM) technology is replacing the SciScan(TM) technology currently deployed at 35,000 FDJ points of sale. In the near future, all of La Francaise des Jeux's retail outlets will be equipped with hardware capable of validating Orion(TM) enabled instant tickets. "La Francaise des Jeux has been a great partner for us, and we look forward to working with them for many years to come," said Scientific Games Chairperson and Chief Executive Officer, Lorne Weil. "FDJ is already among the top worldwide lotteries, but we continue to see potential for growing the instant ticket sales by utilizing best practices, new technology and additional services." "We are pleased to extend our relationship with Scientific Games," said La Francaise des Jeux President and CEO, Christophe Blanchard-Dignac. "Scientific Games is the instant ticket leader, and has proven its ability to grow lotteries time and time again. We strongly believe their expertise coupled with the new Orion(TM) encoding technology will help to drive efficiency and profits for the lottery going forward." In fiscal 2007, Le Francaise des Jeux's instant ticket lottery generated approximately US$4.5 billion in retail sales. About Scientific Games Headquartered in New York City, Scientific Games Corporation (Nasdaq: SGMS) - http://www.scientificgames.com/ -- is an integrated supplier of instant tickets, systems and services to lotteries worldwide. The company is a supplier of fixed odds betting terminals 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 supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. The company has additional productions and operating facilities located in Austria, Chile and the United Kingdom. * * * Moody's Investor Services placed Scientific Games Corporation's probability of default rating at 'Ba2' in September 2006. The rating still hold to date with a stable outlook. |
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