Global Draw and Elixir Gaming form Strategic Alliance for Placement of Server-Based Gaming Machines in Asia
05 Dezembro 2008 - 11:32AM
PR Newswire (US)
NEW YORK, Dec. 5 /PRNewswire-FirstCall/ -- Scientific Games'
(NASDAQ: SGMS) wholly-owned subsidiary, The Global Draw Ltd.
("Global Draw") and Elixir Gaming Technologies (AMEX:EGT) ("Elixir
Gaming") announced today they have formed a strategic alliance to
address new opportunities in the high-potential gaming market of
Cambodia through placements of Global Draw's popular server-based
gaming machines at Elixir Gaming sourced venues. Pursuant to this
agreement, gaming machines from Global Draw will be placed at
venues on a revenue share basis and Global Draw and Elixir Gaming
will share in the net win of the machines placed into operation. It
is expected that Global Draw and Elixir Gaming will enter into a
similar arrangement for the Philippines in the first quarter of
2009. The first placement of Global Draw machines under this new
agreement of approximately 65 Silverball networked gaming machines
will be placed in casinos and licensed gaming halls in popular
visitor destinations in Cambodia, as sourced by Elixir Gaming,
during the first quarter of calendar 2009. In addition to securing
new locations for the placement of Global Draw products, Elixir
Gaming will provide ongoing marketing and technical support of the
installed units. Global Draw first introduced server-based gaming
to the British betting market in the late nineties and has over
13,000 of its popular Silverball and Nevada terminals operating
worldwide. Neil Moir, Director of International Business
Development for Global Draw, said: "This new alliance with Elixir
Gaming aligns us with the perfect strategic partner to immediately
access the South East Asian gaming market, which is the fastest
growing gaming market in the world and represents another
significant milestone in Global Draw's ability to expand our
presence beyond our core market in the UK. Global Draw's unique
downloadable, server-based games and services are applicable to all
global markets as they allow us to work closely with our customers
to increase machine income by making constant changes to our
content. We are very pleased to leverage the benefits of Global
Draw's unique products with the expertise Elixir Gaming has quickly
developed in addressing the Cambodian market through their strong
market presence and expanding relationships with venue owners. We
expect our exciting level of content and increasing the level of
security and flexibility offered by our products will provide
immediate benefits to venue owners and their players in these
rapidly growing markets." Elixir Gaming is a leading supplier of
technology gaming solutions in its key markets in Asia. Through its
growing installation base of over 1,200 electronic gaming machines
which are leased to its customers on a participation basis, local
market relationships, and operational expertise, Elixir Gaming has
established a meaningful presence in the high-potential gaming
markets of the Philippines and Cambodia. Clarence Chung, Chairman
and Chief Executive Officer of Elixir Gaming, said: "We are
delighted to be working with a company like Scientific Games, and
its subsidiary Global Draw, which share our passion for delivering
excellence in terms of cutting edge games, technology, and customer
service. This agreement provides us with opportunities to ramp up
our installed base with value-added networked gaming machines that
complement our existing operating units. Importantly, this new
alliance is another indication of the progress we are making with
initiatives to improve our operating performance as we believe the
entertainment value of Global Draw's products will help to deliver
incremental net revenues to Elixir Gaming while allowing us to
preserve capital for execution on additional growth initiatives."
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 Connecticut, Maine 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 http://www.scientificgames.com/.
Company Contact: Investor Relations Scientific Games 212-754-2233
About Elixir Gaming Technologies, Inc. Elixir Gaming Technologies,
Inc. (AMEX:EGT) is a provider of gaming technology solutions. The
Company secures long-term contracts to provide comprehensive
turn-key solutions to 3, 4, and 5 star hotels and other
well-located venues throughout Asia that seek to offer casino
gaming products. The Company retains ownership of the gaming
machines and systems and receives recurring daily fees that average
in excess of 20% of the net gaming win per machine and provides
on-site maintenance. The Company has established a strategic
presence in the Asia Pacific region with a focus on the
Philippines, Cambodia, and Vietnam markets. For more information
please visit http://www.elixirgaming.com/. Company Contact: Traci
Mangini SVP, Corporate Finance 702-617-4741 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.
Those forward-looking statements include statements regarding the
expectations for the business relationship between Global Draw and
Elixir Gaming including the placement of games and recurring
revenue that may develop from the relationship between the two
companies. 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:
that Global Draw and Elixir Gaming may not realize the expected
benefits of the game placements, risks related to Elixir Gaming's
inability to place gaming machines at significant levels or at all
and risks relating to Elixir Gaming's ability to place games that
generate the expected amount of net-win; 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. DATASOURCE:
Scientific Games Corporation CONTACT: Investor Relations,
Scientific Games, +1-212-754-2233; Traci Mangini, SVP, Corporate
Finance, Elixir Gaming Technologies, Inc., +1-702-617-4741 Web
Site: http://www.elixirgaming.com/ http://www.scientificgames.com/
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