IGT and Scientific Games Announce Worldwide, Long-Term Strategic Alliance

IGT and Scientific Games Announce Worldwide, Long-Term Strategic Alliance

RENO, Nev., Jan. 14 /PRNewswire-FirstCall/ -- IGT (NYSE:IGT) and Scientific Games Corporation (NASDAQ:SGMS) have agreed to formalize terms for a worldwide, long-term strategic alliance to jointly provide products for the converging gaming market.

The alliance will combine key new technology and development initiatives utilizing Scientific Games AEGIS(R) Video Control systems and IGT Advantage(TM) systems products, including Accounting, Patron Management, Bonusing and the EZ Pay(TM) ticket system, for use in the rapidly growing government-sponsored gaming, pari-mutuel wagering and commercial gaming markets.

In the near term, both companies will cooperate in the submission for the Louisiana procurement for a central monitoring system, which will feature a comprehensive combined solution to meet the expectations of the Louisiana market.

The financial terms of the alliance were not disclosed.

Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries, and the leading supplier of wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site at http://www.scientificgames.com/.

IGT (www.IGT.com) is a world leader in the design, development and manufacture of microprocessor-based gaming and video lottery products and software systems in all jurisdictions where gaming or video lottery is legal.

Statements in this release, which are not historical facts, are "forward looking" statements under the Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in any of its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed. IGT's and SGMS's future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent known and unknown risks and uncertainties. IGT and SGMS do not intend, and undertakes no obligation, to update our forward-looking statements to reflect future events or circumstances.

Information on risks and factors that could affect IGT's and SGMS's business and financial results are included in public filings made with the Securities and Exchange Commission.


Source: IGT

CONTACT: Pat Cavanaugh, Investor Relations of IGT, +1-866-296-4232; or
Lisa D. Lettieri of Scientific Games Corporation, +1-212-754-2233

Web site: http://www.igt.com/


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