Scientific Games Files Patent Infringement Suit Against GTECH
10 May 2005 - 5:23AM
PR Newswire (US)
Scientific Games Files Patent Infringement Suit Against GTECH
Lawsuit Claims Unlawful Use of Group Participation Multiplier
Patents NEW YORK, May 9 /PRNewswire-FirstCall/ -- SCIENTIFIC GAMES
CORPORATION (NASDAQ:SGMS) announced that its wholly-owned
subsidiary, Scientific Games Royalty Corporation, has filed a
patent infringement lawsuit in the Federal District Court in
Delaware against GTECH Corporation (NYSE:GTK). The lawsuit concerns
the enforcement of Scientific Games' group participation multiplier
patents, U.S. Patent Nos. 6,648,753 and 6,692,354 and GTECH's
unauthorized and illegal use of same including its use of the
patents in the Rhode Island Lottery's Powerball Power Play and Keno
Plus games. Lorne Weil, Scientific Games' chairman and CEO, said,
"It is our intention to vigorously protect our intellectual
property whenever necessary. Many lotteries, the Multi-State
Lottery Association and International Game Technology have already
signed license agreements concerning these patents in recognition
of our legal rights and it is time for GTECH to do so." The patents
apply to online lottery games that have an optional bonus wager as
a feature of the game. In the event that a player wins a prize in
the base game and has opted to make the bonus wager, all of the
player's prizes in the base game, with the exception of the jackpot
amount, may be multiplied by a randomly selected multiplier. About
Scientific Games Scientific Games Corporation is the leading
integrated supplier of instant tickets, systems and services to
lotteries, and the leading supplier of wagering systems and
services to pari-mutuel operators. It is also a licensed
pari-mutuel gaming operator in Connecticut 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
http://www.scientificgames.com/. Forward-Looking Statements In this
press release we make "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995. In some cases, forward-looking statements can be
identified by the use of forward-looking terminology such as "may,"
"will," "estimate," "intend," "continue," "believe," "expect" or
"anticipate," or the negatives thereof, variations thereon or
similar terminology. These forward-looking statements generally
relate to plans and objectives for future operations and are based
upon management's reasonable estimates of future results or trends.
Although we believe that the plans and objectives reflected in or
suggested by such forward-looking statements are reasonable, such
plans or objectives may not be achieved. Actual results may differ
from projected results due, but not limited, to unforeseen
developments, including developments relating to the following: *
economic, competitive, demographic, business and other conditions
in our local and regional markets; * changes or developments in the
laws, regulations or taxes in the gaming and lottery industries; *
actions taken or omitted to be taken by third parties, including
customers, suppliers, competitors, members and shareholders, as
well as legislative, regulatory, judicial and other governmental
authorities; * changes in business strategy, capital improvements,
development plans, including those due to environmental remediation
concerns, or changes in personnel or their compensation, including
federal, state and local minimum wage requirements; * the
availability and adequacy of our cash flow to satisfy our
obligations, including our debt service obligations and our need
for additional funds required to support capital improvements,
development and acquisitions; * an inability to renew or early
termination of our contracts; * an inability to engage in future
acquisitions; * the loss of any license or permit, including the
failure to obtain an unconditional renewal of a required gaming
license on a timely basis; and * resolution of any pending or
future litigation in a manner adverse to us. Actual future results
may be materially different from what we expect. We will not update
forward-looking statements even though our situation may change in
the future. DATASOURCE: Scientific Games Corporation CONTACT: Lisa
D. Lettieri of Scientific Games Corporation, +1-212-754-2233 Web
site: http://www.scientificgames.com/
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