LAS VEGAS AND TEL AVIV – March 12, 2015 – Scientific Games Corporation
(NASDAQ: SGMS) (“Scientific Games” or the “Company”), one of the world’s leading developers of technology-based products and services and associated content for gaming and lottery markets, has designated its Dragonplay
offices in Tel Aviv as a key new development center for its Interactive Division. Following the merger of Scientific Games and Bally Technologies in November 2014, all divisions of Bally Interactive were rolled into the Company’s Interactive division, which includes the Dragonplay products previously acquired by Bally Technologies
Scientific Games is expanding its activities in Israel by entering the multi-player social games sector with the upcoming launches of new Social Casino and Social Poker apps, developed exclusively in Tel Aviv. These new social game titles will be based on the leading proprietary brands from the Scientific Games Bally
™ and Shuffle Master
™ game studios, marking the first occasion that themes from either game studio will appear in a social mobile or web application. These exciting milestones join a history of firsts for the Dragonplay
team, dating back to the 2010 launch of the first social poker application for Android
™ players through the Google Play
In preparation for growth in its social casino businesses, Scientific Games performed several recent changes in the management of its Tel Aviv office, including the appointment of Rami Segal – previously VP Products – as Managing Director of the Israeli development center.
Josh Fienberg, VP, Social Marketing, Interactive, who is leading the integration efforts for the division, said, “We’re extremely excited to enhance our team with so many social and mobile gaming experts from ‘The Startup Nation.’ Not only is Tel Aviv an epicenter for the Social & Mobile Casino industry, but Israel is at the forefront of technology and innovation. Our new teammates from Dragonplay
perfectly complement our efforts to grow and strengthen the world-class game development organization at Scientific Games Interactive
The Company completed a number of acquisitions in recent years that greatly strengthen its position in the global gaming and lottery industries. In addition to Israel, Scientific Games has Interactive offices in numerous countries around the world, including development centers in the United States, United Kingdom, Sweden, and India.About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a leading developer of technology-based products and services and associated content for worldwide gaming, lottery and interactive markets. The Company’s portfolio includes gaming machines, game content and systems; table games products and utilities; instant and draw-based lottery games; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and interactive content and services. For more information, please visit www.scientificgames.com.
###COMPANY CONTACTS: Investor Relations:
Bill Pfund +1 847-785-3167
Vice President, Investor Relationsbill.firstname.lastname@example.orgMedia Relations:
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Scientific Games Interactive:
Head of Marketing & B2B Social Product - InteractiveRory.Shanahan@scientificgames.comForward-Looking Statements
In this press release, Scientific Games makes “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,” “plan,” “continue,” “believe,” “expect,” “anticipate,” “should,” “could,” “potential,” “opportunity,” “goal,” or similar terminology. These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; U.S. and international economic and industry conditions, including declines in or slow growth of lottery retail sales or gross gaming revenues, reductions in or constraints on capital spending by gaming or lottery operators and bankruptcies of, or credit risk relating to, customers; slow growth of new gaming jurisdictions, slow addition of casinos in existing jurisdictions and declines in the replacement cycle of gaming machines; ownership changes and consolidation in the casino industry; opposition to legalized gaming or the expansion thereof; ability to adapt to, and offer products that keep pace with, evolving technology; ability to develop successful gaming concepts and content; laws and government regulation, including those relating to gaming licenses and environmental laws; inability to identify and capitalize on trends and changes in the gaming and lottery industries, including the expansion of interactive gaming; dependence upon key providers in our social gaming business; retention and renewal of existing contracts or entry into new or revised contracts; level of our indebtedness, higher interest rates, availability and adequacy of cash flows and liquidity to satisfy obligations or future needs, and restrictions and covenants in our debt agreements; protection of our intellectual property, ability to license third party intellectual property, and the intellectual property rights of others; security and integrity of our software and systems and reliance on or failures in our information technology systems; natural events that disrupt our operations or those of our customers, suppliers or regulators; inability to benefit from, and risks associated with, strategic equity investments and relationships, including (i) the inability of our joint venture to meet the net income targets or otherwise to realize the anticipated benefits under its private management agreement with the Illinois lottery, (or in connection with any termination thereof) (ii) the inability of our joint venture to meet the net income targets or other requirements under its agreement to provide marketing and sales services to the New Jersey lottery or otherwise to realize the anticipated benefits under such agreement (including as a result of a protest) and (iii) failure to realize the anticipated benefits related to the award to our consortium of an instant lottery game concession in Greece; failure to achieve the intended benefits of the Bally acquisition or the WMS acquisition, including due to the inability to successfully integrate such acquisition or realize synergies in the anticipated amounts or within the contemplated time-frames or cost expectations, or at all; litigation relating to the Bally acquisition; disruption of our current plans and operations in connection with the Bally acquisition and the WMS acquisition (including in connection with the integration of Bally and WMS), including departure of key personnel or inability to recruit additional qualified personnel or maintain relationships with customers, suppliers or other third parties; costs, charges and expenses relating to the Bally acquisition and the WMS acquisition; inability to complete or successfully integrate future acquisitions; incurrence of restructuring costs, revenue recognition standards and impairment charges; fluctuations in our results due to seasonality and other factors; dependence on suppliers and manufacturers; risks relating to foreign operations, including fluctuations in foreign currency exchange rates and restrictions on the import of our products; dependence on our employees; litigation and other liabilities relating to our business; influence of certain stockholders; and stock price volatility. Additional information regarding risks, 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 the Company’s current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K. Forward-looking statements speak only as of the date they are made and, except for Scientific Games’ ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.