Scientific Games and The Colorado Department of Revenue Reach Agreement on 90-Day Delay for Online Lottery System

Scientific Games and The Colorado Department of Revenue Reach Agreement on 90-Day Delay for Online Lottery System Exercises Two-Year Extension through October 2012 NEW YORK, Jan. 17 /PRNewswire-FirstCall/ -- Scientific Games Corporation (NASDAQ:SGMS) and The Colorado Department of Revenue have agreed to delay the conversion date for the new online lottery system for ninety days. The Colorado Department of Revenue is also immediately exercising one of its two options to extend the term of its contract with Scientific Games for two years, ensuring operation of the system through October 31, 2012. The extension is valued at approximately $14 million. About Scientific Games 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/. Forward-Looking Statements In this press release we make "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "will," "estimate," "intend," "continue," "believe," "expect" or "anticipate," or the negatives thereof, variations thereon or similar terminology. These forward-looking statements generally relate to plans and objectives for future operations and are based upon management's reasonable estimates of future results or trends. Although we believe that the plans and objectives reflected in or suggested by such forward-looking statements are reasonable, such plans or objectives may not be achieved. Actual results may differ from projected results due, but not limited, to unforeseen developments, including developments relating to the following: * economic, competitive, demographic, business and other conditions in our local and regional markets; * changes or developments in the laws, regulations or taxes in the gaming and lottery industries; * actions taken or omitted to be taken by third parties, including customers, suppliers, competitors, members and shareholders, as well as legislative, regulatory, judicial and other governmental authorities; * changes in business strategy, capital improvements, development plans, including those due to environmental remediation concerns, or changes in personnel or their compensation, including federal, state and local minimum wage requirements; * the availability and adequacy of our cash flow to satisfy our obligations, including our debt service obligations and our need for additional funds required to support capital improvements, development and acquisitions; * an inability to renew or early termination of our contracts; * an inability to engage in future acquisitions; * the loss of any license or permit, including the failure to obtain an unconditional renewal of a required gaming license on a timely basis; and * resolution of any pending or future litigation in a manner adverse to us. Actual future results may be materially different from what we expect. We will not update forward-looking statements even though our situation may change in the future. Source: Scientific Games Corporation CONTACT: Lisa D. Lettieri of Scientific Games Corporation, +1-212-754-2233 Web site: http://www.scientificgames.com/ ------- Profile: International Entertainment