Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) today announced that it has been awarded the contract by the New Zealand Lotteries Commission to provide instant games for Lotto New Zealand. Under the terms of the agreement, Scientific Games will work with Lotto New Zealand to grow sales of the Lottery’s instant game portfolio. In addition to instant games, the Company will provide Lotto New Zealand with marketing support and creative services. The seven-year contract began in September 2014 and includes a one-year extension option.
“We look forward to continuing our nearly 30-year relationship with Scientific Games to develop innovative products for New Zealand players,” said Wayne Pickup, Chief Executive Officer, Lotto New Zealand. “We are focused on growing instant game sales and funding for our communities by taking our instant games to the next level with the vibrant new designs, foils, proprietary play styles and licensed brands offered by Scientific Games.”
John Schulz, Senior Vice President, Instant Products for Scientific Games, commented, “Our agreement with Lotto New Zealand is one of the first of its kind in the Australasia region and we truly share their excitement for the potential of the instant product category in New Zealand. Using the industry’s most advanced instant game design and manufacturing technology, marketing insights – including Scientific Games’ unique 15 Determinants of Demand – and more than 40 years of global best practices for instant games, we are confident that our collaboration with Lotto New Zealand will result in great success.”
Lotto New Zealand provides essential funding for thousands of community projects every year, including a variety of arts, cultural, sporting and community groups, including Sport New Zealand, Creative New Zealand and the New Zealand Film Commission. In 2014, Lotto New Zealand experienced $988.8 million in total sales, including $150.9 million in instant game product sales.
About Lotto New Zealand
Lotto New Zealand is a Crown Entity with a government-appointed board of directors. The organization was established in 1987 and operates under the Gambling Act of 2003. It exists to promote, organize and conduct lottery games for the benefit of New Zealand communities. Profits (in 2014, around 23 cents in every dollar spent on lottery products) are transferred to the New Zealand Lottery Grants Board for onward distribution to over 3,000 community groups every year. Lotto New Zealand’s primary goal is to generate improved earnings in order to maximize the contributions made to New Zealand communities, while minimizing the incidence of any problem or underage gambling associated with its products.
About Scientific Games
Scientific Games Corporation is a leading developer of technology-based products and services and associated content for worldwide gaming and lottery markets. The Company’s portfolio includes instant and draw-based lottery games; electronic gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and social, mobile and interactive content and services. For more information, please visit: http://www.scientificgames.com.
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