This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Scientific Games Signs Terminal And Instant Game System Contracts With Norsk Tipping













NEW YORK, Aug. 7, 2013 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) today announced that the Company has signed contracts to provide terminals, installation and support services for approximately 5,000 modular WAVE™ M lottery retail terminals and an AEGIS NGS Instant Game Engine for Norsk Tipping, the national lottery in Norway.  The contracts followed a competitive procurement.  The Company will provide maintenance and support for the terminals for five years following the date on which the first terminal is in commercial production. Terminal delivery and installation is expected to begin in April 2014.  Scientific Games will also develop a state-of-the-art AEGIS NGS Instant Game Engine for Norsk Tipping and provide maintenance of the system for four years.

"We have worked closely with Scientific Games for seven years on several large technology projects," stated Torbjorn Almlid, CEO of Norsk Tipping.  "They understand our complex business needs and we trust their technological expertise and quality of service.  We feel confident their modern terminals and instant game system will help to grow our sales."

"As the existing supplier of terminals, an instant game system and recently deployed sports betting and numbers game engines, we are honored to be selected once again for these vital parts of Norsk Tipping's business," said John Donahue, Managing Director, International Lottery Systems for Scientific Games.  "We have proven we have the embedded knowledge and world-class technology to enable our customers to launch products more quickly and seamlessly than in the past. We look forward to continuing our long relationship with Norsk Tipping." 

About Norsk TippingNorsk Tipping is Norway's leading gaming company, wholly-owned by the Norwegian state, with a profit of $694 million in 2012. The company's main objectives are to provide the Norwegian people with responsible games and entertainment. The profits ensure a secure and long-term funding for the beneficiary organizations. The company offers in its product portfolio Tipping, Oddsen, Lotto, VikingLotto, Extra, Joker, Keno, Flax and EuroJackpot. In addition, Norsk Tipping offers interactive video terminals Multix and Belago.



1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs