Scientific Games Corporation Signs a New Three-Year Deal with OLG
An American company that provides gambling products and services to lottery and gambling organizations worldwide Scientific Games has announced the signing of the new important deal, which comes only a couple of weeks after an agreement with the Kentucky Lottery was put to paper.
Scientific Games has now inked a new and similar deal with a crown corporation owned and operated by the government of Canadian province of Ontario. The Ontario Lottery and Gaming Corporation (OLG) handles the province’s lotteries, charity and Aboriginal casinos, commercial casinos, and slot machines at horse-racing tracks.
Extending the Cooperation
A three-year extension to the current instant games supply deal – which was initially signed back in 2015 – will run until July 31, 2022, and under its provisions Scientific Games will continue to supply the operator with a wide variety of instant games, including titles such as Scrabble, AMC: The Walking Dead and Word With Friends.
According to data revealed by Scientific Games, OLG has contributed nearly $37 billion to provincial coffers since its foundation in 1975, therefore extending this mutually beneficial partnership was simply a logical move.
Commenting on this important deal, John Schulz, Senior Vice-President at Scientific Games said his company was delighted to continue their work supplying instant games to OLG. Schulz added Scientific Games and its predecessor companies had been proud to offer highly secure, responsible games that generated revenue for OLG and the province of Ontario.
On the other hand, Randy Weyersberg, vice-president, lottery marketing and planning for the OLG, said Scientific Games was a trusted lottery supplier for the provincial crown corporation and stated the company was looking forward to innovative and exciting instant games that would engage its customers and generate revenue for the province.
Two North American Giants
Founded in 1973, Scientific Games launched the first secure instant lottery ticket only a year later. Today, the Las Vegas-based company offers a wide array of products, including electronic gaming machines, table games, online gaming and online lottery products, instant lottery games, lottery gaming systems, terminals and services, internet applications, server-based interactive gambling terminals, and gambling control systems.
The company has been pretty busy recently. Aside from the new deal with the Kentucky Lottery, Scientific Games also named Barry Cottle as new Chief Executive Officer earlier this month, while new Chief Commercial Officer was hired a little over a week ago. The new appointments followed a rather modest first-quarter report, where the company posted a slight revenue gain.
Ontario Lottery and Gaming Corporation is a crown corporation is run by the provincial government of Ontario. Founded in 1975, OLG is based in Sault Ste. Marie, while its prize centre is located in Toronto. OLG is responsible for and operates a variety of gaming services and employs more than 8,000 people throughout the province. Its first lottery game, called Wintario, was offered on April 3, 1975, and remained in the market for more than two decades. Wintario was discontinued in 1996, awarding more than $1 billion in winnings during that period.
- World Casino News: https://news.worldcasinodirectory.com/scientific-games-corporation-inks-ontario-instant-games-extension-55557
- Calvin Ayre: https://calvinayre.com/2018/05/03/business/scientific-games-shakes-up-board-after-modest-q1-2018-gains/
- iGaming Business: http://www.igamingbusiness.com/news/scientific-games-names-cottle-new-ceo
- Wikipedia: https://en.wikipedia.org/wiki/Ontario_Lottery_and_Gaming_Corporation
- OLG: https://about.olg.ca/about-us/