Scientific Games Awarded New Contract with Great Canadian Gaming
Tuesday July 17, 2007 - 08:41 AM EDT
Released By Scientific Games
Adds Two Tracks in Ontario and Renews Three Tracks and the Teletheatre Network in British Columbia

NEW YORK, July 17 /PRNewswire-FirstCall/ -- Scientific Games Racing, a division of Scientific Games (NASDAQ:SGMS), has signed a new contract to run all of the pari-mutuel wagering systems for Great Canadian Gaming Corporation (TSX:GC). Scientific Games will be supplying racing terminals as well as its Quantum(TM) System for processing wagers. This agreement includes the renewal of Great Canadian's British Columbia racetracks and Teletheatre network (TBC) in addition to new contracts for its two racetracks in Ontario.

The two new pari-mutuel contracts include all wagering systems for Flamboro Downs in Hamilton, Ontario and Georgian Downs in Barrie, Ontario as well as their off-track teletheatres. They will come online with Scientific Games Racing in August 2007. The four contract renewals in British Columbia are for Hastings Racecourse in Vancouver, Fraser Downs Racetrack and Casino in Surrey, Sandown Park in Sidney and the Teletheatre network (TBC). In addition to coming online with the Quantum(TM) System, the tracks will be upgrading some of their terminals to the new BetJet(R) series.

"We are excited to expand our relationship with Great Canadian Gaming Corporation, a premier casino and racetrack operator," observed Lorne Weil, Chairman and CEO of Scientific Games. "This is also a vote of confidence for our Quantum(TM) System, which will revolutionize the way in which race wagering operations all over the world interact with their patrons and with other racing, wagering, and content providers."

"Scientific Games is the leader in pari-mutuel wagering technology, and we are looking forward to upgrading our systems and terminals which should improve handle and efficiency for Great Canadian in the coming months," said Chuck Keeling Vice President, Racing of Great Canadian Gaming.

About Scientific Games

Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading 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 leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site at www.scientificgames.com.

    Company Contact:
    Investor Relations
    Scientific Games
    212-754-2233

About Great Canadian Gaming

Great Canadian Gaming Corp. is a multi-jurisdictional gaming and entertainment operator with facilities in BC, Ontario, Nova Scotia and Washington State. Great Canadian operates eleven casinos, a thoroughbred racetrack, four standardbred racetracks, a community gaming centre, a hotel, two show theatres, and various food and beverage facilities.

Forward-Looking Statements

In this press release we make "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "continue," "believe," "expect," "anticipate," "could," "potential," "opportunity," or similar terminology. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of future results or performance. Actual outcomes may differ materially from those projected in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; material adverse changes in economic and industry conditions in our markets; technological change; retention and renewal of existing contracts; availability and adequacy of cash flow to satisfy obligations and indebtedness or future needs; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; seasonality; dependence on suppliers and manufacturers; factors associated with foreign operations; dependence on key personnel; failure to perform on contracts; resolution of pending or future litigation; labor matters; and stock price volatility. Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC, including our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and except for our ongoing obligations under the U.S. federal securities laws, we undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

Source: Scientific Games

Powered By: FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
By accessing this page, you agree to the following terms and conditions.
Conference calls info supplied by OpenCompany
Fundamental data supplied by Morningstar
Stock quotes supplied by Telekurs USA