Towards the end of last year, Scientific Games shook up management to take advantage of growth opportunities, that move may already be paying dividends. The Scientific Games Corporation has come up winners in the rocky mountains of Colorado. The company has confirmed that they were recipients of a three-year contract to become the primary vendor to supply instant ticket games and related services to the Colorado Lottery.
The contract runs through June 2014 including three one-year contract extension options. Scientific Games will earn revenues based on a price per thousand instant tickets sold.
The Colorado Lottery generated $501.2 million in retail sales, of which $328.1 million were derived from instant ticket game sales, accounting for 65 per cent of total sales according to its financial results for the 2010 fiscal year.
“The Colorado Lottery holds its instant tickets to the highest standards of integrity, entertainment and efficiency,” said Abel Tapia, director of the Colorado Lottery. “Scientific Games has been our vendor since 1983 and they have demonstrated time and again their commitment to innovative design and printing technologies, while providing best-in-class security and customer service.”
“We have a strong relationship with the Colorado Lottery and we are pleased to once again be their instant ticket primary vendor,” said Jim Trask, President of the Printed Products Group for Scientific Games Corporation. “We believe our unmatched level of critical support services and value-added offerings will help the Lottery achieve its sales goals and drive returns for the State’s environmental and recreational efforts.”