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Scientific Games signs Iowa deal21 September 2007NEW YORK -- (PRESS RELEASE) -- Scientific Games (Nasdaq: SGMS) announced it has been selected as the primary vendor to supply instant tickets and related services for the Iowa Lottery. Subject to negotiation, a contract for a two-year term would begin January 1, 2008, and include options to extend for three additional one-year periods. Scientific Games was chosen through a competitive procurement and this contract is expected to generate approximately $1 million in revenue per year. "We are proud to be a part of the Iowa Lottery, which is well recognized as one of the most innovative and forward-looking lotteries in the world," said Lorne Weil, Chairman and CEO of Scientific Games. "We have cultivated a great relationship with the Iowa Lottery over the years and we look forward to their continued strong growth." In fiscal 2007, the Iowa Lottery generated $235 million in retail sales, of which $125 million were from instant tickets, and returned $58 million to the state.
Scientific Games signs Iowa deal
is republished from Online.CasinoCity.com.
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