Scientific Games’ 10-Year Success Growing Lottery Instant Games In Lithuania Continues With New Contract
Lithuanian National Lottery Poised for More Instant Game Sales Growth
LAS VEGAS and ATLANTA – October 7, 2020 – Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) announces a new, five-year contract with the Lithuanian National Lottery operator, Olifėja (or the “Lottery”), to provide lottery instant games. The contract may be extended by the Lottery for two additional years. Scientific Games began creating and producing games for Olifėja in 2010, developing a product portfolio and responsibly growing instant game retail sales in Lithuania an unprecedented 5,000% over the last 10 years.
In 2019, Olifėja’s instant game retail sales topped €56 million (La Fleur’s Almanac). With a population of 2.8 million, Lithuania is located in the Baltic region of Europe.
“Olifėja enjoys a true partnership with Scientific Games. We are proud to continue working with the market leaders of our industry, using the valuable insights and global best practices that Scientific Games provides to create entertaining games that Lithuanian’s love to play,” said Antanas Muraška, Managing Director for Olifėja.
With a top prize of €250 000 and exciting bonus play, Sekmes 7 was the first 10€ game in the Lithuanian market and remains a top-seller since it launched. The €10 game is part of the popular Sekmes 7 family of games. Magiskas Perlas is a popular €5 game with a fun, easy play style, and Tavo 200, a unique €2 product with a top prize of €200, has become a fast favorite among players.
“Scientific Games is proud to be a part of the successful growth of instant game entertainment in Lithuania, and we are committed to help Olifėja continue responsibly growing instant product sales over the next decade,” said John Schulz, SVP Global Instant Products for Scientific Games. “Instant products as a game entertainment category are not fully realized throughout Europe, and Olifėja’s success is a tremendous example of the category’s potential.”
Proceeds from Lithuania National Lottery game sales support the Lithuanian National Olympic Committee whose main obligations include the preparation and leading of the delegates for the Olympic Games, regional, continental or global multi-sport competitions. One of the essential goals of this organization is the encouragement of the sports development country-wide, therefore, having continuous cooperation with governmental and non-governmental institutions regarding the preparation of sports development programs.
Scientific Games provides games, technology and services to more than 150 lotteries in 50 countries. The Company is the world’s largest creator, manufacturer and manager of lottery instant games with manufacturing facilities on four continents. Scientific Games products represent 74% of lottery instant game retail sales worldwide.
About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. 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 scientificgames.com.
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, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the “SEC”), including Scientific Games’ 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, 2021 (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.