Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) today announced that the Company won a new, six-year contract as the primary instant games provider for the Colorado Lottery (the “Lottery”).
The Company’s new contract began July 1, 2017 and includes instant game planning, research and analysis, marketing services and sales support. The Colorado Lottery has two options to extend the contract two additional years.
“The Colorado Lottery has proudly re-invested more than $3 billion to Colorado’s great outdoors, and Scientific Games has been instrumental in helping us achieve our proceeds goals,” said Colorado Lottery Director Laura Solano. “They’ve been a great partner for more than 30 years, and continue to demonstrate a commitment to the integrity and quality of our Scratch games.”
Under Scientific Games’ previous contract, the Colorado Lottery’s annual profits from instant game sales grew by 19 percent (FY2011-FY2016). Successes from the Colorado Lottery and Scientific Games instant game partnership include Crossword extended play games, which have represented more than $819.4 million in retail sales for the Colorado Lottery, and licensed brands from Scientific Games extensive portfolio, including The Walking Dead® and Atari®, which have generated more than $183.2 million in revenue. The Company’s Colorado Spotlight® games surpassed more than $135.7 million in revenues for the Lottery.
John Schulz, Scientific Games’ Senior Vice President, Instant Products said, “We have collaborated with the Colorado Lottery to develop a very strong portfolio of instant games, and we are honored to have the opportunity to continue our great work together for another six years. We remain focused on the research and analysis that help us create games Coloradans love, and on the Lottery’s mission to grow returns to the state for programs that protect its most valuable resources.”
Scientific Games currently supplies more than 70 percent of lottery instant games in the U.S. and provides games, technology and services to more than 150 lotteries worldwide, including nearly every North American lottery.
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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 us at www.scientificgames.com.