Italian State Council Rules on the Lottery Tender
| 11 March 2010 |
NEW YORK, March 10 /PRNewswire-FirstCall/ -- Scientific Games Corporation (Nasdaq: SGMS) announced that the Italian State Council issued its ruling on the Gratta & Vinci court case. The initial opinion issued late on March 9th will be followed by a more detailed opinion outlining the rationale and full direction of the court. In its initial opinion, however, the court agreed with the appeal submitted by AAMS, the Italian Gaming regulatory body and by Consorzio Lotterie Nazionali, in which the Company holds a 20% interest.
The State Council also accepted a portion of the appeal submitted by Sisal and ruled that art. 21, paragraph 5 of the law 102/2009 regulating the tender is not applicable. Paragraph 5 related to the interim period whereby Consorzio Lotterie Nazionali would have managed the existing instant lottery games under its current concession through January 31, 2012.
Until the State Council's full decision relating to its resolution is available to the public, we do not know the extent to which the AAMS may be expected to amend the tender.
About Scientific Games
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server-based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands. The Company's customers are in the United States and more than 50 countries. For more information about the Company, please visit our website at http://www.scientificgames.com.
The State Council also accepted a portion of the appeal submitted by Sisal and ruled that art. 21, paragraph 5 of the law 102/2009 regulating the tender is not applicable. Paragraph 5 related to the interim period whereby Consorzio Lotterie Nazionali would have managed the existing instant lottery games under its current concession through January 31, 2012.
Until the State Council's full decision relating to its resolution is available to the public, we do not know the extent to which the AAMS may be expected to amend the tender.
About Scientific Games
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server-based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands. The Company's customers are in the United States and more than 50 countries. For more information about the Company, please visit our website at http://www.scientificgames.com.
Company Contact: Investor Relations Scientific Games 212-754-2233SOURCE Scientific Games Corporation
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