| Lottomatica Announce First-Half 2008 Results For
The Period Ended June 30, 2008 Group Consolidated Financial
Highlights
- Net income after
minorities up 59% to 78 million, compared to 49 million in first
half of 2007
- Earnings per share
increased to 0.51, from 0.32 in first half of 2007
- Group revenues up 11% at
928 million, from 835 million in first half 2007
- First Half 2008 EBITDA of
399 million, compared to 381 million in first half
2007
- Delivering in line with
2008 guidance
Business Highlights
- Signed two-year extension
with Irelands National Lottery on July 31
- Revenue growth driven by
Sports Betting, Gaming Solutions, and Scratch & Win in Italy
- Extended key contract in
California; Launched Keno in Poland, Interactive in New Zealand, and
Sports-betting in Taiwan; Implementing new GTECH GO platform in
Ghana
ROME (Italy) - PROVIDENCE,
Rhode Island (July 31, 2008) The Board of Directors of
Lottomatica S.p.A., chaired by Mr.
Lorenzo Pellicioli, today approved the consolidated accounts for the first half
of 2008, which ended June 30, 2008. Lorenzo
Pellicioli, Chairman & CEO of Lottomatica Group, commented: This
is a very impressive set of results, delivered in the face of a difficult
economic climate. We have shown that we can generate growth and profitability
by leveraging off our financial flexibility, diversified product portfolio, and
market leadership to take advantage of new opportunities, as well as continuing
to focus on excellence in our core activities.
Stefano Bortoli, CFO of
Lottomatica Group, said: The Group remains in a financially sound
position, and I am pleased to report that during the first half, we have made
very encouraging progress, and we recorded an exceptional 59%
earnings-per-share growth. Going into the second half of the year, we are
confident of delivering results in line with our stated objectives. We have
secured a number of new contracts and key contract extensions, which provide
strong support for our top line going forward.
Group revenues for the six months ended June 30, 2008
totaled 927.7 million, including approximately 410.6 million from
GTECH and 517.1 million from
Lottomatica. Overall, revenues grew 11% year-over-year, and 16% on a constant
currency basis. Revenues from Lottomatica grew 26.8% year-over-year.
Reported EBITDA was 399.4 million, up 5% compared to
the first half of 2007, with a 43% margin. At constant currency, EBITDA was up
10%. Operating income was 250.0 million for the
first half of 2008, up 4% over the same period last year. Operating income
margins were approximately 27%. At constant currency, operating income was
253 million, up 6% versus the same period last year.
Net income after minorities was 78.0 million, up 59%
over the first half of 2007, primarily due to the reduction in the effective
tax rate in Italy. Contract Extension in
Ireland On July 31, GTECH signed a two-year
contract extension with An Post National
Lottery Company in Ireland, a GTECH customer since 1987. The extension will
commence in January 2009. The Lottery estimates the contract extension will
generate approximately 28 million in revenue for GTECH.
GTECH Operating Results and Business Highlights
At constant currency, GTECHs first half 2008
revenues were 455 million, compared to 427 million in the first
half of 2007. As reported, GTECH contributed 410.6 million of revenue,
with 347.1 million from the Lottery segment, 48.5 million from
Gaming Solutions, and 15.0 million from Interactive. Same-store revenue
growth in the first six months was 4%, with same-store revenue growth of 3% in
the first quarter, and 6% growth in the second quarter of this year. In the
second quarter of 2008, U.S. same-store service revenue was up 2%, versus the
second quarter of 2007.
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As reported, EBITDA for the
first half of 2008 amounted to 139 million. At constant exchange rates,
EBITDA for the first six months of 2008 was 158 million, compared to
159 million in the first half of 2007. In the
first half of 2008, GTECH retained key lottery customers, expanded its
international presence through new business ventures in Taiwan and Ghana, and
introduced new products in Poland, New Zealand and Mexico.
During the first six months, GTECH signed a new long-term
contract with the Michigan Lottery, and extended agreements with Veikkaus Oy in
Finland and Societe de la Loterie de la Suisse Romande in Switzerland. In
addition, GTECH successfully launched an interactive system for the New Zealand
Lotteries, as well as a five-minute Keno game with Totalizator Sportowy in
Poland. In Mexico,
Pronosticos para la Asistencia Publica
awarded GTECH Printing Corporation (GPC) two contracts for instant-ticket
printing. Lotteries including those in Florida, Oregon, and Washington also
selected GPC for a portion of their instant-ticket printing.
During the half year, GTECH expanded its sports-betting
reach with two new contracts. GTECH successfully implemented the first
legalized sports lottery in Taiwan with Taipei
Fubon Bank, with more than 1,000 retailers processing sports wagers to date.
GTECH also signed a contract to implement the first online sports-betting
wagering system utilizing GTECH GO in Ghana, which is expected to launch
in October 2008. Additionally, GTECH completed the
majority acquisition of two interactive gaming businesses, Boss Media AB and St
Enodoc Holdings Ltd. Since acquisition completion, revenue growth for both
companies in the second quarter has been in line with GTECHs
expectations. Also in the Interactive segment,
GTECHs Finsoft subsidiary has demonstrated considerable growth since it
was acquired in July 2007. Since that time, Finsoft has increased its customer
base from 17 to 26 operators, and the number of gaming shops that it supports
by 40%. In the first half of 2008, Singapore Pools went live with GTECHs
Altura® terminals hosting Finsofts sports-betting module.
Also in the first six months, GTECH completed the
acquisition of the Atronic group of companies. After
the first half of 2008, GTECH signed a four-year integrated services contract
to provide new lottery technology and ongoing services to the California
Lottery. GTECH expects to receive revenues in the range of $220 million to $250
million over the extension period. Lottomatica
Operating Results and Business Highlights
Lottomatica delivered
significant revenue and EBITDA growth in the first half of 2008, in the
Lottery, Sports Betting, and the Gaming Solutions businesses.
Revenues grew 26.8% to 517.1 million, from
407.7 million in the first half of 2007. EBITDA grew to 260 million
from 222 million in the first half of 2007. Growth was driven primarily
by the expansion of Scratch & Win, Gaming Solutions, and fixed odds
sports-betting. Lotto and instant-ticket wagers grew
7.3% to 7.9 billion in the first half of 2008, from 7.3 billion for
the same period last year, as the strong growth in Instants more than offset
the small decline in Lotto. Total Lotto wagers were
3.0 billion, slightly below the 3.1 billion in the first half of
2007. Lotto revenues were 195.0 million, compared to 204.0 million
in the same period last year. The continued strong
performance of instant tickets resulted in sales of approximately 4.9
billion, compared to sales of approximately 4.2 billion in the first half
of 2007. More than 1.3 billion Scratch & Win tickets were sold in the first
half of 2008, compared to 1.2 billion in the same period last year. The average
price point grew to approximately 3.7, compared to 3.4 in the
previous year, mainly driven by the introduction of a second 10 lottery
ticket in January 2008. Revenues from the Instant Lottery business totaled
171.7 million, compared with 147.6 million during the first half of
2007, an increase of 16%. Pool games and betting
generated 70.3 million of revenues from 367.8 million of wagers in
the first half of 2008, due to the strong performance of the fixed odds
sports-betting operations, which commenced in August 2007. At the end of the
first half of this year, all 1,150 fixed odds sports-betting points-of-sale
were operational. Revenues from Gaming Solutions were
37.2 million compared to 9.9 million last year. This was driven by
the increased placement of Amusement with Prize (AWP) machines, from
approximately 32,200 machines installed at the end of 2007, to 41,800 machines
installed as of June 30, 2008. After the close of the
first half of 2008, Lottomatica, in cooperation with Boss Media, launched a new
Poker network under the recently-released internet skill gaming legislation in
Italy. Consolidated Cash Flow, Net Financial
Position, and Shareholders Equity Net Cash
Flows from Operating Activities generated 177 million in the first six
months, after having paid 52 million in additional taxes compared to the
same period last year, primarily due to a net increase in cash tax paid based
upon 2007 profit. During the first half of 2008, the Group invested 87
million in capital expenditures and 205 million in acquisitions. In
addition, the Group paid 125 million in dividends to shareholders, made
net interest payments of 95 million, and made 39 million of share
repurchases. At June 30, 2008, Lottomatica Group had a Net Financial Position
of 2.67 billion, compared to 2.45 billion as of March 31, 2008.
Consolidated shareholders' equity totaled 1.57 billion.
Additional Information: Second-Quarter Results
Group revenues for the second quarter ended June 30, 2008
totaled 479.2 million, including approximately 215.4 million from
GTECH and 263.8 million from Lottomatica. Overall, revenues grew 19.7%
versus the second quarter last year. The Groups
EBITDA was 194.8 million with an EBITDA margin of 40.6%. Operating income
was 115.4 million for the quarter, up 16.3% over the same period last
year. Net income was 48.1 million for the quarter ended June 30, 2008,
compared to 23.1 million in the second quarter of 2007.
GTECH revenues for the second quarter of 2008 totaled
215.4 million, including 173.5 million from Lottery, 29.5
million from Gaming Solutions, and 12.4 million from Interactive.
Revenues in the second quarter of 2007 totaled 203.1 million.
Approximately 52% of GTECHs service revenues in the current quarter were
derived from U.S. dollar denominated contracts. On a constant currency basis,
GTECH revenues for the second quarter increased by 17% compared to the same
period last year. Same-store service revenue growth was 6% compared to the same
period last year, averaging 2% and 12% growth in the U.S. and International
regions, respectively, and 4% growth in Gaming Solutions service revenue.
Lottomatica revenues grew 33.9% to 263.8 million,
from 197.1 million in the second quarter of 2007. Lotto and
instant-ticket wagers grew 9% to 3.9 billion in the second quarter of
2008, from 3.6 billion in the same period last year. Lotto game wagers
were comparable to the second quarter of 2007 at 1.5 billion.
Instant-ticket wagers were approximately 2.4 billion, compared to
approximately 2.0 billion in the same period last year. Lotto revenues
were 97.9 million, substantially in line with the same period last year,
while Instant Lotteries revenues were 83.8 million, compared to
71.1 million during the second quarter of 2007, an increase of 17.8%.
Other Information In
December 2003, Lottomatica issued a 360 million bond that is due on
December 22, 2008. The Euro bond has a fixed coupon payment of 4.80%, payable
annually each December. SOURCE: Lottomatica S.p.A.
Camelot Rolls Out New, State-Of-The-Art
Terminal Eye-catching,
faster, new terminal gets early seal of approval from retailers
LONDON, UK (July 30, 2008)
-- National Lottery operator
Camelot Group plc has begun the UK-wide
rollout of the next-generation lottery terminal and is already receiving
very positive feedback on the new state-of-the-art equipment.
Rollout of the new terminal, which has received approval
from the National Lottery Commission, is the latest phase of Camelots
introduction of cutting-edge technology and networks designed to further
enhance the National Lottery experience in-store. This will also allow games to
be launched more quickly helping to raise even more money for the Good
Causes. New lottery retail communications equipment,
which will ultimately connect the terminals to upgraded gaming systems and
deliver streamed content to in-store digital media screens, has already been
installed in over 12,000 retail outlets across the UK, following a
highly-successful pilot programme in which retailer satisfaction ran at over
98%.
One of the first outlets in
the country to receive the new terminal was a Londis store in Slough, run by
Paramjit and Sarabjit Singh Kalher. Mr Singh said: The new terminal
takes up far less space and looks very good. Its working very well
its fast, easy to operate and the instructions that come up on the
terminal are very clear. The digital screen is also a great way of reminding
our customers about the latest jackpots, especially when theres a big
Rollover to be won. National Lottery
retailers are also receiving a full training package to familiarise themselves
with the terminals range of features which have been designed to make
serving customers even faster and easier. These include:
- the ability to print National
Lottery Fast Pay Cards, enabling all retailers and their players
to benefit from this groundbreaking service;
- faster printing time than the
existing ISYS terminal enabling customers to be served even more
efficiently;
- touch-screen technology to make
the terminals easier to use and navigate further reducing waiting times
in-store on draw nights and at other busy times; and
- a smaller in-store footprint than
the current design making it more practical for retailers to site.
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The comprehensive training
initiative, which includes ongoing refresher training available through
Camelots new e-learning tool on the terminal, has been tailored to meet
the needs of retailers and will ensure that they are prepared for the
start of the new lottery licence in February 2009. Retailers will also continue
to receive free installation and maintenance of lottery equipment, as well as
new and improved Point-of-Sale communications through the digital media screen
network. Martin Pugh, Commercial Director at Camelot,
said: The National Lottery is in great shape for the start of the
third licence next year. We have a proven track record of innovation, social
responsibility and delivering for Good Causes but all of this is only
possible with the enthusiasm, vigilance and hard work of our retail
partners. Our relationship with
retailers is vital to the ongoing success of The National Lottery which
is why we worked closely with them to jointly develop a new, cutting edge
retail package, based on best-of-breed technology, to suit their needs and
those of The National Lottery as a whole.
Rollout of the new
Altura terminals, digital media screens and communications equipment, together
with our ongoing commitment to first-class training, will ensure that all of
our retailers are up and running ahead of the new licence next year. Im
confident that they will continue to make the absolute most of selling The
National Lottery in their outlets over the coming months and years, and raise
even more money for Good Causes as well as boost their own bottom
lines. For further information, please
contact: Rob Dwight, Media Relations Manager: 020 7632 5748.
For further information on Camelot, The National Lottery
and its games, please visit the following websites:
www.camelotgroup.co.uk and
www.national-lottery.co.uk.
Players of all National Lottery games must be aged 16 or
over. The crossed fingers logo is the registered
trademark of the National Lottery Commission. SOURCE:
Camelot Group plc.
INTRALOT
Included in The Standard & Poors Global List
2008 ATHENS, Greece (July 29,
2008) -- INTRALOT was included in the
Standard & Poors list of 300 companies that exhibit the highest
growth characteristics and are expected to emerge as challengers to the
worlds leading companies.
Every year, the Standard
& Poors Global Challengers List identifies 300 mid-size
companies using two metrics of extrinsic growth share price appreciation
and sales growth - in conjunction with two metrics of intrinsic growth
earnings growth and employee growth. During the last 4 years, INTRALOT has
presented a 38.5% growth in sales and a 40.9% increase in Human Resources.
The Standard & Poors list, revised once a year
every April, is used by service providers, such as consultants and marketers,
and it analyzes global growth trends or seeks client engagement opportunities,
strategy formulators assessing future partners or competitors and product
creators structuring investment vehicles offering exposure to fast growing
mid-size companies. The Standard & Poors Global Challengers Class of
2008 is diversified across 33 countries. Standard
& Poor's is a provider of financial market intelligence, including
independent credit ratings, indices, risk evaluation, investment research and
data. Standard & Poor's is part of the world's financial infrastructure and
for more than 140 years has played a significant role in providing investors
with the independent benchmarks they need to feel more confident about their
investment and financial decisions.
 |
| INTRALOT
CEO, Constantinos Antonopoulos |
Commenting on this
distinction, INTRALOT CEO, Mr.
Constantinos Antonopoulos, stated: It is very important that INTRALOT
has been included in this significant list, which is composed by experienced
analysts. Our listing in Standard & Poors index shows that INTRALOT
is part of the pool of companies with great potential, which could indeed be
tomorrows leaders. About INTRALOT
(www.intralot.com)
INTRALOT, a public listed company, is the leading supplier
of integrated gaming and transaction processing systems, innovative game
content and sports betting management, to state-licensed gaming organizations
worldwide. Its broad portfolio of products & services, its know-how of
Lottery, Betting & Video Lottery operations and its leading-edge
technology, give INTRALOT a competitive advantage which contributes directly to
customers efficiency, profitability and growth. With presence in 45
countries, with approximately 4.400 people and revenues of 835,5 m. for
2007, INTRALOT has established its presence on all 5 continents.
For more information please CONTACT: Ms Persa
Kartsoli, Head of Corporate Affairs, Phone: +30-210 6156000, Fax: +30-210
6106800, email: kartsoli@intralot.com.
Scientific Games Second Quarter Revenues Rise 14%
to $306 Million Net
income per diluted share of $0.31; Non-GAAP net income per diluted share of
$0.35 including stock compensation expense and $0.41 per diluted share
excluding stock compensation expense NEW
YORK, USA (July 31, 2008) -- Scientific Games
Corporation (Nasdaq: SGMS) today reported second quarter 2008 revenues of
$306.0 million, up 14% from $269.6 million in the second quarter of 2007. Net
income was $29.0 million or $0.31 per diluted share, up from net income of
$27.1 million or $0.28 per diluted share in the second quarter of 2007.
Non-GAAP adjusted net income, excluding the Global Draw earn-out accrual, the
early extinguishment of debt charge, expenses associated with the retirement of
a division President and settlement with the California Horse Racing Board, was
$33.4 million or $0.35 per diluted non-GAAP share.
Excluding stock compensation
expense, earnings were $38.8 million or $0.41 per non-GAAP diluted share,
compared to non-GAAP adjusted net income of $30.7 million or $0.32 per non-GAAP
diluted share in the second quarter of 2007. EBITDA
for the second quarter of 2008 was $93.1 million, up from $84.3 million in the
second quarter of 2007. Adjusted EBITDA increased 16% to $104.0 million for the
second quarter of 2008, compared to adjusted EBITDA of $89.3 million for the
second quarter of 2007. For the six months ended June
30, 2008, revenues were $563.0 million, compared to $511.8 million for the six
months ended June 30, 2007, an increase of 10%. Net income was $48.9 million or
$0.52 per diluted share, compared to $51.9 million or $0.54 per diluted share
in 2007. EBITDA increased to $169.9 million from $160.1 million in 2007.
Adjusted EBITDA increased 13% to $193.9 million. During the quarter the Company completed a refinancing which
included a $250 million senior secured revolving credit facility, a $550
million senior secured term loan credit facility, and $200 million of senior
subordinated notes. Proceeds of this refinancing were used to repay all amounts
outstanding under the Company's prior credit agreement. The refinancing
extended the average maturity of the Company's debt, created additional
borrowing capacity and loosened certain financial covenants.
Lorne Weil, Chairman and CEO of
Scientific Games commented, "We were pleased to complete $1 billion of
financing on favorable terms in an otherwise difficult credit market. The
undrawn revolver positions us for the growth we expect in coming
years." Printed Products Group
Printed Products Group service revenue increased by 16% to
$146.8 million in the second quarter. Excluding revenues from Oberthur Gaming
Technologies (OGT), the Pennsylvania cooperative service contract re-pricing,
and instant tickets shipped to China, "same store" sales growth in the quarter
was approximately 6%. The China Sports Lottery continues to perform exceedingly
well, with weekly retail sales having recently exceeded $60 million, or more
than $3 billion on an annualized basis. We remain very excited about this
unique opportunity and have targeted the end of the year to begin producing
instant tickets in our plant in Beijing. In the meantime we will continue to
absorb the negative impact of air freight and duty, which accounted for more
than $3 million of incremental cost in the second quarter. As a consequence
overall Printed Product Group gross margins declined from 42% in the second
quarter of 2007 to 40% this year; however, excluding the impact of the
foregoing, margins were essentially flat year-over-year.
Lottery Systems
Group Lottery Systems Group service revenues grew
by 16% in the quarter to $61.3 million from $52.8 million last year, while
service gross margins increased from 47% to 49%. "Same store" service revenue
growth was about 7.5% overall, largely due to international growth, domestic
jackpot activity and strong associated instant tickets validation revenues.
Much of the overall increase in revenue and margin was attributable to the new
contract for instant ticket activation, validation and tracking services for
the China Sports Lottery, whose
distribution network has reached 50,000 retailers on file.
Lottery Systems Group sales revenues increased to $24.5
million from $10.5 million in the second quarter of 2007. Most of the revenue
increase was driven by the shipment of the first 3,000 Leonardo/Wave
terminals to Sisal but, because of a range of start-up expenses associated with
the contract, there was very little margin earned on these shipments in the
second quarter. As we progress through the full 25,000 unit contract, we
anticipate that margins will improve significantly. The Televisa Mexican lottery contract negatively impacted
earnings by $3.7 million or nearly $0.03 per share in the second quarter of
2008. During the second quarter, Televisa began to develop plans to re-launch
the Multijuegos online lottery with an improved offering of games, payouts and
price points, while we continue to await the launch of instant tickets, which
we see as key to the success of the overall project. Diversified Gaming Group Diversified Gaming Group service revenues increased by 3%
overall in the second quarter, with a 29% increase in Global Draw revenues
offset by a modest decline in racing-related revenues and a sharp decline in
Games Media revenue. As explained previously, Games Media is in the deliberate
process of transitioning from a one-time product sale business model to one
driven by participation-based recurring revenues and, while we are tracking
well according to plan, we expect that it will take a few more quarters for
revenue to return to previous levels. Gross margins in the Diversified Gaming
Group were ahead of both the first quarter of this year and the second quarter
of last year despite absorbing the cost of the Global Draw earn-out and the
settlement of the California Horse Racing Board matter.
New Contract Activity During the quarter we were awarded new cooperative service
contracts by the Florida Lottery and the
Sachsen-Anhalt Lottery in Germany, a
new online contract by the Pennsylvania Lottery, and a race book contract by
the Tunica Biloxi tribal casino in Louisiana. Information about the use of non-GAAP financial information
is provided under the section "Non-GAAP Disclosure" below. The non-GAAP
measures (adjusted net income, diluted adjusted net income per share, EBITDA
and adjusted EBITDA) are reconciled to the corresponding GAAP measures in the
financial schedules accompanying this release.
Convertible
Debentures A market price event did not occur
for the quarter ended June 30, 2008 and, accordingly, the Convertible
Debentures are not convertible during the current quarter ending September 30,
2008. During the second quarter of 2008, the average price of the Company's
common stock exceeded the specified conversion price of $29.10 of the
Convertible Debentures. Because of this, approximately 19,000 and 10,000 shares
of common stock underlying the Convertible Debentures have been included in the
weighted average number of diluted shares for the second quarter of 2008 and
first half of 2008, respectively. Although the Company purchased a hedge in
December 2004 to mitigate the potential dilution from the conversion of the
Convertible Debenture, the Company is precluded from reflecting this hedge in
the GAAP weighted average number of diluted shares because the effect would be
anti- dilutive. However, to the extent the Convertible Debentures are converted
during the term of the hedge, the diluted share amount will decrease because
the hedge will offset the dilution from conversion of the Convertible
Debentures. Conference Call Details
We invite you to join our conference call tomorrow at 8:30
a.m. Eastern. To access the call live via webcast please visit
www.scientificgames.com and click on the webcast link under the Investors tab.
To access the call by telephone, please dial (800) 659-2056 (US & Canada)
or (617) 614-2714 (International) fifteen minutes before the start of the call.
The Conference ID# is 18527527. The call will be archived for replay on the
Company's website for 30 days. 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 our web site at www.scientificgames.com
Company CONTACT: Investor Relations, Scientific Games,
212-754-2233 SOURCE: Scientific Games.
Kansas Lottery Records Second-Highest Year in
Sales TOPEKA, Kansas, USA (July
24, 2008) -- Sales of Kansas Lottery
products ended the fiscal year with the second-highest total ever. Sales in
Fiscal Year 2008, which began July 1, 2007 and ended June 30, 2008, were nearly
$237 million (unaudited). Thats the second-highest total on record, but a
slight decrease from FY07 sales, which set an all-time record. As a result of
the years sales, the Lottery transferred $70 million to the State in
FY08. Heres a breakdown of FY08 sales, by game,
compared to the year before.
| |
FY08 Sales |
FY07 Sales |
% Change |
| Instant Games
|
$115,082,105 |
$114,674,052 |
+0.36%
|
| Pull Tabs
|
$7,593,607 |
$9,382,750 |
-19.07% |
| Powerball
|
$42,963,315 |
$39,356,064 |
+9.17%
|
| Super Kansas
Cash |
$17,428,827 |
$20,053,110 |
-13.09% |
| Pick 3
|
$5,814,236 |
$5,626,413 |
+3.34%
|
| Keno
|
$31,274,217 |
$33,643,621 |
-7.04% |
| eScratch*
|
$1,048,865 |
$2,370,267 |
-55.75% |
| 2by2
|
$1,656,054 |
$1,717,945 |
-3.60% |
| Hot Lotto
|
$9,225,833 |
$11,461,422 |
-19.51% |
| Kansas
Hold'Em** |
$4,640,878 |
$1,702,686 |
+172.56%
|
| Online Coupons
|
($43,525) |
($33,286) |
+30.76%
|
| Total Sales
|
$236,684,412 |
$239,955,044 |
-1.36% |
*eScratch was discontinued Dec. 29, 2007
**Kansas HoldEm sales began statewide on Sept. 30,
2007 Considering that the Lottery lost nearly
50 retail locations across the state last year, most of which simply went out
of business, we feel that we did well to experience only a slight decrease in
sales from last year, said Kansas Lottery Executive Director
Ed Van Petten.
Growth continued in instant
scratch tickets, with sales up slightly over last year. The Lottery launched
more than 100 new instant games in FY08, including its first two $20 tickets,
and scratch tickets continue to be immensely popular with players.
The new monitor game Kansas HoldEm was also a bright
spot. After test marketing Kansas HoldEm at a limited number of retail
locations, the Lottery took the game statewide on Sept. 30, 2007.
Powerball sales were
about nine percent higher than last year, but the Kansas-only game Super Kansas
Cash was down about 13 percent. Pick 3 showed slight gains, but Hot Lotto, 2by2
and Keno were all down. We will continue to
introduce new games to stimulate sales, said Van Petten. The
Lottery expects to launch a fun new electronic scratch ticket in FY09, which we
think will be a hit with players. Well also be developing new in-state
marketing partnerships. In recent years, the
Lottery has developed several games that promote Kansas businesses, industry
and tourism by offering Kansas-made products and Kansas attractions and events
as grand prizes in second-chance drawings. Since FY05, the Lottery has
purchased approximately $2.5 million worth of products or services from Kansas
business partners to use for prizes and promotions. Profits from the sale of the Lotterys Veterans Benefit
instant games were $880,163 in FY08. Sales from Veterans Benefit tickets
provide direct funding for the Kansas Veterans Home and Soldiers Home, the
Veterans Cemetery System, and Kansas National Guard scholarships. Since 2003,
the Lottery has transferred more than $3.8 million in net profits from the
Veterans Benefit games. In FY09, the list of beneficiaries will be expanded to
include the Museum of the Kansas National Guard. CONTACT: Sally Lunsford (785) 296-5708, Email:
sally.lunsford@kslottery.net.
SOURCE: The Kansas Lottery.
Louisiana
Lottery Announce Best Fiscal Year Since 1993
BATON ROUGE, Louisiana, USA (July 24, 2008) -- Amidst
rising costs for other consumer products, Lottery tickets have maintained their
price tag and popularity, with the Louisiana
Lottery recording its best fiscal year since 1993. With 2008 fiscal
year-end revenue of $376.7 million, the Lottery transferred more than $131.8
million in proceeds to the state for the Minimum Foundation program that funds
public education. "The Louisiana Lottery takes
pride in offering our players entertainment that still costs only a dollar and
also benefits education," said Lottery President and CEO
Rose Hudson. "We're proud to make a
positive contribution to the state of Louisiana, while upholding the highest
degree of integrity and public trust."
The Lottery credited much
of its 2008 success to two new draw-style games featuring play action and
prizes preferred by players. Last September, the Lottery introduced Easy 5, a
match-5 lotto style game with a starting jackpot of $50,000 that rolls until it
is won. In February, the Lottery launched its first raffle game, Millionaire
Raffle, offering players the best odds ever of winning $1 million cash.
Together these games accounted for approximately $16.9 million in new
sales. "It also didn't hurt that Powerball
experienced four 'top-20' jackpots this fiscal year," explained Hudson.
"What's more, three of the 13 Powerball jackpots won this year were claimed
by Louisiana winners. High jackpots and awareness of local winners have always
had a positive affect on sales." On May 31,
Emilia Delgado of Kenner won the $34.1 million Powerball jackpot. Four months
earlier in January, Carl Hunter of Metairie won the $97 million jackpot, which
was the largest single prize won in Louisiana Lottery history. In September of
2007, William Heid Jr. of Chauvin won a $15 million Powerball
jackpot. Under state law, the treasury department
receives 35 percent of every $1 Lottery sale. At least 50 percent is returned
to players in the form of prizes and retailers receive at least 5 percent as
commission on ticket sales. Less than 10 percent is retained by the Lottery for
operating costs. The Louisiana Lottery ranks second in the nation for
percentage of revenue transferred to its government among lotteries with
traditional games, according to fiscal year 2007 industry data.
June's treasury transfer of $10,048,130 brought total
fiscal year Lottery proceeds to their highest level in 14 years, which was a
$14.5 million increase over budget. Since the Lottery
began operations in 1991, more than $5.62 billion in revenue has been generated
primarily from ticket sales, and over $1.99 billion has been transferred to the
state treasury department. Players have won more than $2.8 billion and
retailers have earned over $302.3 million. Also in
2008 and for the tenth consecutive year, the Louisiana Lottery received the
Certificate of Achievement for Excellence in Financial Reporting from the
Government Finance Officers Association of the U.S. and Canada.
Lottery ticket purchasers must be at least 21 years of
age. The Lottery encourages those concerned about a gambling problem to call
toll-free 1-877-770-7867 for assistance. SOURCE:
Louisiana Lottery. Iowa Lottery Sales
Reach New Record, Reports Sales of Nearly $250 Million
FY 2008 Results: Lottery Raises $57.2 Million For
State Programs Storm Damage, Flooding
and High Fuel Prices Impact Lottery Revenues Late In Year
DES MOINES, Iowa, USA (July 29, 2008) Strong sales
of instant-scratch and Powerball tickets
helped the Iowa Lottery raise more than $57
million for state programs in its latest financial year, but record-high fuel
prices along with widespread storm damage and flooding dampened lottery sales
in the final months of the period. Preliminary figures
released Tuesday show that lottery sales totaled $249.2 million in fiscal year
2008, which ended June 30. That mark is the highest combined sales total for
lotto, instant-scratch and pull-tab games since the lottery's start in 1985 and
is a 6 percent increase from FY 2007's lottery sales total of $235 million.
The unaudited figures show
the lottery raised more than $57.2 million in profits for state programs during
FY 2008, down about 1.6 percent from the lottery's profits total in the year
before. A large portion of lottery profits in its latest fiscal year came from
instant-scratch games, which have smaller profit margins than lotto games.
Lotto games had accounted for a greater percentage of lottery sales in FY 2007
than in FY 2008, resulting in higher profits in the earlier period.
Record fuel prices and storm and flood damage across much
of the state also impacted lottery sales in the final months of FY 2008.
Driven by strong performances from Powerball and
instant-scratch tickets, lottery sales had jumped out to an 18 percent lead
over the previous year's total by early September. But as the fiscal year
continued, the pace of lottery sales slackened, particularly in June, when more
than 80 of the state's counties had been declared disaster areas and the
average price of mid-grade ethanol-blended gasoline had risen to $3.86 in Iowa.
Five of the lottery's products, including the Powerball and Hot Lotto games,
saw sales decreases in June compared to the same month a year earlier.
Ken Brickman, acting chief executive
officer of the Iowa Lottery Authority, noted that Iowans have had to make
tough, real-world decisions in recent months while they battled to save their
families, homes and communities from weather-related disasters.
No one would expect folks to be concerned about
buying lottery tickets with such weather extremes impacting our
state, Brickman said. Our concerns remain with the multitude
of people whose lives have been affected by this year's devastation. We will
continue to do our best to raise money for state programs and in that way help
Iowa recover from these hardships. Sales of
instant-scratch tickets, the first product introduced by the Iowa Lottery and
always one of its top-selling items, rose 10 percent to a record $137.9 million
in FY 2008. The lottery's previous record for instant-scratch sales had been
set in FY 2007, when $125.1 million in scratch tickets were sold.
Powerball sales continued at a strong rate in the
lottery's latest year, increasing 3.6 percent to a total of $63.7 million. Hot
Lotto sales, however, fell nearly 19 percent to $11.7 million for the year.
Sales in Hot Lotto, which offers Powerball-style play but with easier odds, had
been driven in FY 2007 by a $19.97 million jackpot, the largest ever offered in
the game since its start in 2002. That jackpot was claimed February 2007 by
John Hall, a small-business owner from Indianola. Sales of pull-tab tickets, another big sales category for the
lottery, rose 1.7 percent to $21.4 million for FY 2008.
Lottery equipment and tickets were damaged or destroyed by
storms and flooding in about 30 of the 2,600 Iowa Lottery retail locations late
in FY 2008 and the lottery continues to work with its retailers and the state
auditor's office to determine appropriate loss adjustments. Lottery executives
anticipate that sales may be impacted moving forward by the temporary or
long-term closing of retail locations that were impacted by storms and
flooding.
Brickman noted that the
weather extremes and spiking fuel prices in particular impacted sales in
Iowa's Million Dollar Raffle, the lottery's first
cash-raffle game. At the same time that raffle sales began in April, parts of
eastern Iowa began to experience flooding. That was followed by the tornado
that destroyed much of Parkersburg and damaged other sections of northeastern
Iowa, massive flooding that deluged much of the state and another huge tornado
that destroyed property and took lives near Blencoe in western Iowa.
More than 71,000 of the 120,000 tickets available in the
cash raffle game were sold, allowing the lottery to cover the cost of the
game's prizes and clear some funds beyond that. But raffle sales did not meet
the lottery's initial expectations. Brickman pledged,
however, that the lottery will continue to investigate new game ideas to offer
a variety of products to its players. Variety
is a cornerstone of the entertainment we offer and that will continue to be our
focus to ensure strong lottery profits for the programs that benefit all
Iowans, he said. Since its start in 1985,
the Iowa Lottery has provided entertainment and prizes to its players while at
the same time raising more than $1.1 billion for the state programs that
benefit all Iowans. Through the years, lottery funds have been used for a
variety of initiatives, including projects to create new recreation areas,
support research at Iowa's public universities, develop new products and
techniques for agriculture, and promote tourism in Iowa.
Iowa Lottery profits currently are deposited in the state
general fund, where they are used to pay for a variety of programs. Some of the
programs that receive money from the general fund include education, natural
resources, health and family services and public safety.
SOURCE: The Iowa Lottery. OLG Takes Next Step In Player Protection
OLG Reviews Files From
1995 To 2006 To Ensure The Integrity Of Lottery Prize System
TORONTO, Canada (July 29, 2008) - As part of the
OLGs ongoing commitment to
continuous improvement for player protection, it has moved beyond the
recommendations of the Ombudsman and KPMG to review the integrity of lottery
wins from the past to strengthen the system for present and future lottery
winners.
Over the past
year, OLG has worked hard to build many new player protections that are now in
place to make our lottery system safer today and into the future,
said Lenna Bradburn, Chief Security and Compliance Officer of the Office of
Player Protection. Now, with the assistance of the external auditing
firm of Deloitte and Touche, we have been reviewing past winner files,
including lottery wins by retailers, dating back to 1995.
As a result of lottery winner information recently brought
to the attention of OLGs executive leadership and a renewed commitment to
learn from the past to improve player protection efforts going forward, OLG has
commissioned Deloitte and Touche to conduct a comprehensive forensic audit of
past wins, as well as trends in winning. Any findings that suggest wrongful or
criminal behavior will be turned over to the Ontario Provincial Police (OPP)
immediately. Additionally, OLG has committed to making the key findings from
this review available to the public. In a related
development, today OLG released information in response to an FOI request from
the media on a former retailer and his family in northwestern Ontario, who had
won approximately 160 lottery prizes over a nine-year period amounting to more
than $1 million. OLG followed the prize
integrity processes that have been in place as a result of the Ombudsmans
recommendations and turned this case over to the OPP, said
Bradburn. OLG is not aware of any evidence of
wrongdoing in this case. Any inquiries on the status of this investigation
should be directed to the OPP. Over the past 18
months, OLG and its 10,000 retailers have introduced the following protections
for lottery players in Ontario:
- Made it mandatory for customers
to sign their tickets before a retailer can validate them.
- Installed self-serve ticket
checkers at all lottery terminal locations so customer can check their own
tickets in the same computer system as the lottery terminal.
- Introduced new terminal sounds
with voice and new messaging on the customer display screen that tell customers
the status of their ticket.
- Required retailers to return all
tickets with their corresponding receipts to customers for verification.
- Required retailers to check the
ID of any customer who appears to be under the age of 25 years.
Lottery customers with
concerns about prize payment on winning lottery tickets can call OLG at
1-800-387-0098. For further information: OLG Public
Affairs, (705) 946-6716 Ontario Lottery And Gaming (Media Relations).
Lucky Las Vegan Becomes Instant Millionaire With
Aristocrats Millioni$Er Penny Slot At Rampart
Casino LAS VEGAS, Nevada, USA
(July 30, 2008) Players have been winning millions playing
Aristocrats Millioni$er® penny slot, and now a lucky Las Vegas local
has joined the millionaires club by hitting the jackpot at Rampart Casino
in Las Vegas. The lucky 66-year-old retired Las
Vegan had played just $80 when she won $1.4 million! The woman, who said she
frequently plays Millioni$er when she is at Rampart, was overwhelmed with
emotion and started to cry when she realized she had hit the million dollar
jackpot.
She said she plans to pay
some bills, buy her sister a present and then buy herself a house with the $1.4
million. Its incredible that
Millioni$er hit on our floor, and we are especially excited one of our loyal
locals won over $1 million on Millioni$er. Aristocrats Millioni$er has
been on our floor for years, and we are thrilled that it could hit as a wide
area progressive at the Rampart Casino, said Rampart Casino Slot
Director Donovan York. Millioni$er became a state-wide
multi-site progressive in Nevada last year, and hit for more than $1.7 million
in Las Vegas in February. The top jackpot will now re-start at $1 million,
ready to make another lucky players dreams come true. Millioni$er is
available at more than 56 casinos throughout Nevada. Millioni$er is a Hyperlink® progressive and sports a
patented second-screen feature with four different jackpot levels that can be
triggered randomly during game play. The four tiered progressives give
Millioni$er a higher hit frequency so players win jackpots more often.
Aristocrat Technologies Inc. is a subsidiary of
Aristocrat Leisure Limited (ASX: ALL),
a leading global provider of gaming solutions that consistently outperform the
competition. The Company is licensed by over two hundred regulators and its
products and services are available in over ninety countries around the world.
Aristocrat offers a diverse range of products and services including electronic
gaming machines, interactive video terminal systems, electronic tables, and
casino management systems. For further information visit the companys
website at www.aristocratgaming.com.
CONTACT: Paul Speirs, Steinbeck Communications, P
(702) 413-4278, F (702) 233-3492, Email: paulspeirs@cox.net.

Pacific Lottery Corporation Successfully Completes
Delivery and Installation of Its Next Generation Computerized On-Line Lottery
Technology in Vietnam CALGARY,
Alberta, Canada (July 30, 2008) - Pacific Lottery
Corporation (the "Corporation") (TSX VENTURE:LUK - News) is pleased to
announce the successful completion of the inaugural phase of the installation
of its proprietary National On-line Lottery Central System, with accompanying
new PLC Gold On-Line Lottery Terminals (the "Lottery Terminals") to Vietnamese
State authorised lottery retailers, in accordance with its recently signed
exclusive ten (10) year On-line Lottery technology supply and services
contract.
This significant milestone
marks Pacific Lottery's ascension into a very unique, exclusive global club of
On-line Lottery technology supply companies that own and control their
technology and also have an accompanying exclusive On-line Lottery supply and
services contract with a National Government agency. Additionally, the Corporation is continuing its ongoing
training of State authorised retailers in conjunction with promotional
programs, marketing and other advertising related activities. These activities
are locally disseminating information about Vietnam's new On-line Lottery,
which will offer to the general Vietnamese public several different customised
daily and weekly numbers games along with some standard Lotto games. Further,
these marketing and promotional activities are increasing in scope and
frequency in anticipation of the official launch, which is expected
shortly. Finally, continuous expansion of the On-line
Lottery retailer network (incorporating Vietnam's only authorised On-line
lottery program) is expected to continue on the pre-agreed and mutually
established schedule. About Pacific Lottery
Corporation: Pacific Lottery Corporation is
engaged in the provision of comprehensive computerized On-line lottery
technology and related professional services for delivery to a growing audience
of international customers. Today, the Corporation exclusively leads the
technical support activities for the only authorised On-Line lottery program in
Vietnam. CONTACT: Jill L.E. Johnson, Pacific Lottery
Corporation, (403) 266-8900, (403) 266-8909 (FAX), Email:
info@pacificlottery.ca.
SOURCE: Pacific Lottery Corporation.  |