Scientific Games' Joint Venture Sciplay Announces Signing Of Internet Poker Agreement With COPA
NEW YORK, June 20, 2011 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) today announced that Sciplay, its joint venture with Playtech Limited (AIM: PTEC), has signed an agreement with the California Online Poker Association ("COPA") to be its provider of intrastate internet poker services.
COPA is the largest association of California's proven and trusted gaming partners. Its membership is comprised of 29 federally recognized California tribal governments and 31 state-licensed California card clubs. The agreement followed a competitive selection process designed to identify the most capable service provider suitable to serve the needs of the California poker players, estimated to be the largest number of poker players in any one state in the United States. Under the terms of the agreement, COPA will receive a full suite of internet poker services, including network management, hosting, advisory services, customer support, internal marketing, and all associated hardware. The contract was signed in conjunction with a separate software licensing agreement between Playtech and COPA.
California is currently considering legislation to authorize and license intrastate internet poker offerings. In advance of this, these agreements with Sciplay and Playtech will enable COPA to offer internet poker in a "play for fun" mode, which provides players with the opportunity to improve their strategies and hone their skills for free. This website is planned for launch in 2011.
Robert Martin, Chairman of the Morongo Band of Mission Indians and a member of COPA's Board of Managers, said, "It has been estimated that Californians wager more than $13 billion annually on illegal, offshore internet poker websites. Our mission is to provide California players with a safe and secure option to play poker legally on the internet. On behalf of all of COPA's trusted gaming partners, both tribes and card clubs alike, we are very pleased to enter these agreements with Sciplay and Playtech to deliver a full service solution."Haig Papaian, President and CEO of Commerce Casino and a member of COPA's Board of Managers, said, "We sought a best-in-class service provider for COPA and after an extremely competitive selection process, Sciplay was the clear winner. It delivers the perfect combination of Playtech's state-of-the-art, industry-leading gaming software and online experience, with Scientific Games' nearly 40 years of expertise in providing secure, regulated, compliant-compatible services and meeting strict protocols of domestic and international regulatory bodies." Rick Weil, CEO of Sciplay, said, "We are proud to be part of COPA's progressive efforts in California to serve the needs of poker players throughout the state. COPA is supremely well positioned to become a licensed operator should internet poker become legal in the state of California and Sciplay is delighted to have the opportunity to work with COPA. This contract demonstrates the value of the Scientific Games and Playtech joint venture and we see this as the first of a number of opportunities where our combined capabilities can deliver a comprehensive solution." About COPA The California Online Poker Association (COPA) is a California LLC consisting of 29 California tribal governments and 31 California-licensed card clubs. COPA is dedicated to the development of a safe and secure option for Californians to play poker online. As California's gaming partners, tribes and card rooms have proven to be responsible gaming operators, providing tens of thousands of jobs and more than $11 billion in state revenues over the past decade. www.calonlinepoker.org About Sciplay Sciplay International SARL, a joint venture of Scientific Games and Playtech, is chartered with delivering the latest, state-of-the-art interactive technology to government-sponsored and government regulated gaming operators. This joint venture combines Playtech's acclaimed B2B internet gaming software and content with Scientific Games' nearly 40 years of B2G expertise in creating fully compliant, revenue-generating, responsible gaming solutions for government gaming entities. For more information, please visit our website at www.sci-play.com. Company Contact: Michael Lightman(212) 754-2233 About Scientific Games Scientific Games Corporation is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide. Scientific Games' integrated array of products and services include instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming machines and associated gaming control systems. For more information, please visit our website at www.scientificgames.com. Company Contact: Cindi Buckwalter, Investor Relations(212) 754-2233 About Playtech Playtech develops unified software platforms and content for the online and land-based gaming industry. Leading gaming applications include casino, poker, bingo, sports betting, live gaming, casual and fixed odds games. Playtech provides licensees with the tools to maximize cross-selling opportunities, player loyalty and yield, all through the powerful management interface - the IMS. The system's fully integrated, cross-platform capability enables players to access online, broadcast, mobile and server-based gaming terminals, through a single account.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV