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Gambling in the USA

Louisiana Lottery Extends Instant Games Contract With Scientific Games For Five Years

George Miller

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Louisiana Lottery Extends Instant Games Contract With Scientific Games For Five Years
Reading Time: 3 minutes

Lottery’s Instant Game Sales Grew Over 40 Percent Since 2010 Under Current Contract

 

LAS VEGAS and ATLANTA, Aug. 22, 2018 — Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) today announced that the Louisiana Lottery Corporation (the “Lottery”) has extended its existing contract with the Company to provide instant products and services to the Lottery for an additional five years. The Lottery may extend the contract for five additional one-year terms thereafter. Scientific Games has supplied the Louisiana Lottery with instant games since 2005. Under the Company’s current contract, the Lottery’s annual fiscal instant game sales increased over 40 percent from 2010 to 2018.

“Scientific Games has proven to be a trusted partner and provider of instant games to the Louisiana Lottery,” said Louisiana Lottery President Rose Hudson. “We have worked together successfully to maximize profits for K-12 public education in Louisiana. The Louisiana Lottery is very proud to rank second in the U.S. for percentage of lottery revenue transferred to the state.”

Louisiana players will continue to enjoy the fun and entertainment of instant games from Scientific Games, including favorites Triple Play, Power 5s and Make My Year™. The Company also provides games themed to licensed properties and Louisiana culture such as JACKPOT PARTY® and CrawCash. Each year, the Louisiana Lottery introduces a portfolio of approximately 70 instant games at the $1, $2, $3, $5 and $10 price points, designed and manufactured by Scientific Games.

“We take great pride in providing long-time, strategic business support to the Louisiana Lottery, helping them responsibly increase funds for their state beneficiaries,” said John Schulz, Senior Vice President, Instant Products for Scientific Games. “We look forward to continuing to provide Louisiana players with exciting and innovative instant games that support K-12 public education in Louisiana, as well as the Louisiana Department of Health and Hospitals-Office of Behavioral Health’s problem gambling programs.”

In fiscal year 2018, the Louisiana Lottery transferred more than $171.9 million to the state treasury, bringing cumulative contributions to more than $3.5 billion.  Fiscal year 2018 state transfers were up $12.7 million from 2017 and exceeded budget by $17.7 million.

With a total of nine instant game presses in five manufacturing facilities on four continents, Scientific Games is the world’s largest supplier of lottery instant games. The Company provides games, technology and services to more than 150 lotteries globally.

© 2018 Scientific Games Corporation.  All Rights Reserved.

About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The company is #1 in technology-based gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit www.scientificgames.com

Company Contacts
SG Lottery Communications:
Therese Minella, APR  +1 770-825-4219
Director, Lottery Communications
therese.minella@scientificgames.com

Corporate Communications:
Susan Cartwright  +1 702-532-7981
Vice President, Corporate Communications
susan.cartwright@scientificgames.com

Investor Relations:
Michael Quartieri  +1 702-532-7658
Executive Vice President and Chief Financial Officer

Forward-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 can be identified by words such as “will,” “may,” and “should.” These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including those factors described 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 filed with the SEC on March 1, 2018 (including under the headings “Forward Looking Statements” and “Risk Factors”). 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.

Source:  Scientific Games Corporation

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Pennsylvania Sports Betting Revenue Increases in July 2019

Niji Narayan

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Photo source: thefiscaltimes.com
Reading Time: 1 minute

GAN plc has updated the market following the publication by the Pennsylvania Gaming Control Board (PGCB) of Internet gaming and Internet sports betting financial information for July 2019 in Pennsylvania.

Internet Gaming Win was $2.9 million in July compared to $1.4 million in June, reflecting an increase of 100.7%. Total Internet Sports Wagering Handle was approximately $39.0 million for the month of July, compared to $19.3 million in June.

Internet Sports Wagering Gross Revenues for the month of July were $2.9 million, compared to $1.4 million in June.

This information will be updated and published each month, following publication by the PGCB, in order to enable the investor community to readily monitor the growth of Internet gambling in Pennsylvania, which remains a key market for GAN.

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Gambling in the USA

MGM Springfield Reports First Year a Success

Niji Narayan

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Photo source: newsroom.mgmresorts.com
Reading Time: 2 minutes

 

Michael Mathis, president of MGM Springfield, has reported that the first year of the casino was a success. While revenues for the first year are significantly below its own predictions, Mathis said that the casino is doing fine and he is bullish about the coming year.

“I think there were a lot of naysayers that first said we would never build this; then they said people wouldn’t come because it’s Springfield. And a year later, 6 million visitors later, we’re knocking the cover off the ball on many, many facets of it,” Mathis said.

He cited examples of success as bringing in “world class” entertainment to the downtown, hiring approximately 2500 employees, and that about 40% of its workforce is from Springfield compared to its goal of 35%. In addition, the casino has not caused the traffic congestion and crime that some of the naysayers predicted, Mathis said.

For the month of July, MGM Springfield’s gross gaming revenue was $20.4 million, a 2.23% increase over gaming revenues in June. Since its opening, it has not come close to its expectations of raising $418 million in annual gross gaming revenues during its first full year of operation.

The market has some really strong competitors that have been in operation for many years, Mathis said. MGM Springfield, in luring people to the Springfield casino, has been “really successful in getting return trips.”

“It’s just a matter of when we are going to be able to get there. It’s going to take some time in a market like this. If you look at any other facility in the market, there’s always a ramp-up,” Mathis said.

The casino is making a number of changes such as adding bars including a VIP Lounge, adding new amenities, “and we will continue to get smarter about it and chip away into that number,” Mathis added.

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Gambling in the USA

Plaza Hotel & Casino to host second annual Las Vegas Pickleball Open, Sept. 24-28

Vlad Poptamas

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Reading Time: 2 minutes

 

LAS VEGAS – With more pickleball courts than any Las Vegas hotel/casino, the Plaza Hotel & Casino is again the official hotel and title sponsor of the Las Vegas Pickleball Open, Sept. 24-28. The annual competition saw registration more than double in its second year and expects to welcome nearly 650 players in 2019.

Due in large part to the success of last year’s tournament, hundreds of amateur and professional pickleball players from across the United States and around the world, including Japan, Mexico and Canada, will participate in next month’s event. Players also span multiple generations, from 12 to 81 years of age. Many players from last year are also returning, including top pros Simone Jardim and Kyle Yates to defend their mixed doubles title.

The Las Vegas Pickleball Open offers professional players a competitive prize package of $25,000 split between grand prize, silver and bronze medalists. The Plaza will again construct special grandstand seating for championship matches that will be streamed live on the event website.

“Pickleball continues to grow in popularity for players young and old,” said Jonathan Jossel, CEO of the Plaza Hotel & Casino. “Since we debuted the permanent pickleball courts on the rooftop pool and recreation deck in 2016, the Plaza has built a unique reputation as a premier pickleball destination. Now, we are welcoming hundreds of players from around the globe for this unparalleled tournament that offers players everything: top-notch competition as well as delicious dining options, exciting entertainment and relaxing accommodations, all in the heart of downtown Las Vegas.”

The tournament will offer men’s, women’s, and mixed amateur doubles matches as well as men’s, women’s, mixed and senior (50-plus) professional doubles matches. Matches will be played from 8 a.m. to 10 p.m. daily, with the scheduling of the championship matches to be announced. Spectators can attend any of the matches, including the semi-finals and championships, for free.

Players can register for the tournament online at www.lasvegaspickleballopen.com. Participants can also book hotel rooms at the Plaza at a special tournament rate, starting at $40 per night on the event site or at https://www.plazahotelcasino.com/entertainment/pickleball-open/.

A cross between tennis, badminton and ping pong, pickleball is the fastest growing racquet sport in the U.S., boasting more than three million players – a number that has been growing by more than 10 percent each year over the past decade.

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