Scientific Games Corporation News
Scientific Games Strengthens Executive Team for Future Growth
Said Mr. Weil, "The Board and I are very pleased to have Joe join our senior management team; he has been a trusted advisor and member of our Board for nearly four years. His relevant experience and outstanding track record in both government and industry will be an invaluable addition to Scientific Games. As Chairman of Intelsat, Ltd., the world's leading provider of fixed satellite services, and former Chief Executive Officer of PanAmSat Corporation, Joe brings to us a focus on financial controls and discipline, astute technology management, and important domestic and international governmental relations skills."
Mr. Weil continued, "We are equally pleased that
Further commenting Mr. Weil said, "In my continuing role as Chairman, I will devote my time to overall strategic and organizational guidance, M&A, and new business development, as well as maintaining personal contact with key worldwide customers and other business partners with whom I've established personal relationships over the years. I have agreed with the Board to extend my current employment agreement through the end of 2011, subject to the evergreen provision thereafter."
"I am pleased to be joining the Scientific Games team on a full-time basis," said Mr. Wright. "I believe that Scientific Games is well positioned to substantially expand its international presence, particularly in
Mr. Weil concluded, "With a strong management team in place and our core strategies including expansion of instant ticket manufacturing capacity through our planned year-end plant opening in
About Scientific Games
Scientific Games Corporation is the 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
Company Contact: Investor Relations Scientific Games Corporation 212-754-2233
Forward-Looking Statements
Certain statements in this press release which are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including those relating to timing of contracts, renewals or other events, business plans and performance objectives, are based upon management's current expectations, assumptions and estimates and are not guarantees of future results or performance. Actual results may differ materially from those projected in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; material adverse changes in economic and industry conditions in our markets; technological change; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; seasonality; dependence on suppliers and manufacturers; factors associated with foreign operations; failure to retain, renew or perform on contracts; resolution of pending or future litigation; and other factors described from time to time in our filings with the SEC, including our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and except for our ongoing obligations under the U.S. federal securities laws, we undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Scientific Games Corporation
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