NEW YORK, Jan. 5, 2011 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) today announced senior executive appointments and the realignment of certain responsibilities among existing senior members of its management team. These changes are intended to further strengthen Scientific Games' global management team, integrate core functions in each of its business units, and enhance the Company's execution capabilities on its growth initiatives.
The following Scientific Games' executives have taken on additional responsibilities:
Steve Frater, Executive Chairman, Global Draw and Games Media, and Steve Saferin, President, Properties Group, will remain in their current roles.
All of these executives will report to A. Lorne Weil, Chairman and Chief Executive Officer of Scientific Games. The management changes are effective immediately.
Mr. Weil commented, "The addition of these seasoned executives and the realignment of certain responsibilities among several members of our existing senior management team are designed to enhance our execution capabilities and further strengthen our global leadership team. We believe these changes will lead to more efficient operations, enhanced sales, marketing and customer service, and a greater focus on innovation and growth in each of our business units, collectively enabling us to better leverage the opportunities we see for Scientific Games in 2011 and beyond."
About Scientific Games
Scientific Games Corporation is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide. Scientific Games' integrated array of products and services include instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming machines. Scientific Games serves customers in approximately 50 countries. For more information, please visit our web site at www.scientificgames.com.
Cindi Buckwalter, Investor Relations
In this press release the Company makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "continue," "believe," "expect," "anticipate," "could," "potential," "opportunity," or similar terminology. These statements 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; technological change; retention and renewal of existing contracts and entry into new or revised contracts; inability to fully realize, and risks associated with, our deferred tax assets; availability and adequacy of cash flows to satisfy obligations and indebtedness or future needs; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; inability to identify, complete and integrate future acquisitions; inability to benefit from, and risks associated with, joint ventures and strategic investments and relationships; seasonality; inability to identify and capitalize on trends and changes in the lottery and gaming industries; inability to enhance and develop successful gaming concepts; dependence on suppliers and manufacturers; liability for product defects; fluctuations in foreign currency exchange rates and other factors associated with foreign operations; influence of certain stockholders; dependence on key personnel; failure to perform on contracts; resolution of pending or future litigation; labor matters; and stock price volatility. Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in the Company's filings with the Securities and Exchange Commission, including under the heading "Risk Factors" in our periodic reports. Forward-looking statements speak only as of the date they are made and, except for the Company's ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Scientific Games Corporation