Scientific Games Awarded South Carolina Contract
biz.yahoo.com
Thursday July 20, 8:40 am ET
Instant Ticket and Related Services Contract Valued at $50M
NEW YORK, July 20 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq: SGMS) has been awarded a contract to supply instant tickets and related services to the South Carolina Education Lottery (SCEL) including marketing, shipping, warehousing, game design, inventory control, distribution and sales staff training. The seven year contract begins October of 2006 and is valued at approximately $50 million.
This is the second award of the SCEL instant ticket contract since its inception five years ago. Scientific Games played a key role in the start-up of the lottery in what was then record time.
"We have worked with the South Carolina Education Lottery from the start and are proud to have helped build one of the strongest lotteries in the United States," said Lorne Weil, Chairman and CEO of Scientific Games. "It is gratifying to see South Carolina students and universities reaping the benefits of the SCEL and Scientific Games partnership."
"We have sustained five successful years of sales growth, thanks in large part to our instant ticket product line, and we expect a continued flow of new games that our players will enjoy and that will make a major contribution to education in South Carolina," said Executive Director Ernest L. Passailaigue Jr. of SCEL. |
