Scientific Games awarded New Jersey lottery contract
Posted on November 7, 2007
Filed Under Casino, Jackpot, SportsBook
NEW YORK — (PRESS RELEASE) — Scientific Games (Nasdaq: SGMS) announced it has been awarded the contract to provide an internet wagering platform and an interactive voice response (”IVR”) telephone wagering system for New Jersey Account Wagering LLC. The three year contract was awarded through a competitive procurement, is expected to generate approximately $1 million in revenue per year, and includes the option to extend for an additional year. New Jersey Account Wagering (”NJAW”), a partnership between the New Jersey Sports and Exposition Authority (”NJSEA”) and Pennwood Racing LLC, is the exclusive provider of telephone and internet account wagering services to residents of New Jersey.
Scientific Games will provide the hardware, software, telecommunications, support and other services necessary to sustain licensed internet and telephone account wagering to New Jersey residents of majority age under the supervision of the New Jersey Gaming Authority. The Company will operate the NJAW telephone account wagering system from its Quantum(TM) Data Center East (QDC) and its Trackplay(TM) wagering platform will be integrated into the New Jersey Account Wagering website, 4njbets.com. The Trackplay(TM) white label interactive wagering platform provides complete wagering functionality, handicapping information, streaming video, race replays, and account funding services and has been in operation in both the US and abroad since 2001 for customers including Churchill Downs Inc., Fair Grounds and Tote Ireland.
“As the sole provider of totalisator wagering systems to all racetracks and off-track betting facilities in New Jersey, we are delighted to now extend this highly valued relationship to the interactive arena with this contract,” said Lorne Weil, Chairman and CEO of Scientific Games. “We believe the patrons of New Jersey Account Wagering will respond well to the improved look and enhanced functionality offered by our Trackplay(TM) wagering website and will benefit from the consistency and high availability offered by our account wagering systems.”
“As the exclusive provider of account wagering services in our state, NJAW systems must be proven, stable and able to withstand the peaks in wagering that accompany major wagering events, such as the recent Breeders’ Cup event hosted at Monmouth Park,” said Dennis Dowd, Senior Vice President for Racing of the New Jersey Sports and Exposition Authority. “Our experience with Scientific Games over the years has instilled in us a high level of confidence in their people, products and services and we have no doubt that our patrons will find the new Internet and telephone wagering platforms to be stable, user-friendly and feature-rich.”
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