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Scientific Games Wins Iowa Instant Lottery Ticket Contract21 September 2004NEW YORK – (PRESS RELEASE) -- Scientific Games Corporation (Nasdaq: SGMS) announced that it has been named the apparent successful bidder for the Iowa Lottery's instant-scratch ticket contract. The initial one-year contract is valued at approximately $1.4 million, and there are four one-year extension options. The contract commences January 1, 2005, subject to the negotiation of a final contract. The Iowa Lottery's instant ticket sales totaled more than $95.2 million for the fiscal year ending June 30, 2004, representing a 12% increase from the previous year. "Iowa is one of the most progressive lotteries in the industry and we are very proud to have won this bid," said Scientific Games Chairman and CEO Lorne Weil. "We have been the on-line vendor to the Iowa Lottery since 2001, and now that we will be providing instant tickets as well, we are excited about the prospects for synergy between the two." "Scientific Games is a progressive company and the Iowa Lottery has always tried to be on the leading edge with its creative games, technology and security," said Ed Stanek, Chief Executive Officer of the Iowa Lottery. "We look forward to working closely with Scientific Games to launch new and ever more exciting instant games to increase revenues for programs that benefit all Iowans."
Scientific Games Wins Iowa Instant Lottery Ticket Contract
is republished from Online.CasinoCity.com.
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