The seven-year contract, which began on August 1, 2012, includes an option for the Lottery to extend the contract for an additional three-year period. Revenue to Scientific Games will continue to be based on a price-per-thousand tickets basis.
Atlantic Lottery is the regulated provider of gaming in Atlantic Canada and is owned jointly by the four Atlantic provincial governments: New Brunswick, Prince Edward Island, Nova Scotia and Newfoundland and Labrador.
"Atlantic Lottery is committed to delivering socially responsible, relevant and entertaining games to our players," said Jean-Marc Landry, Senior Category Manager with Atlantic Lottery. "We have a more than 35-year history with Scientific Games and know that they are capable of delivering the quality products that both we, and our players, expect."
"We are excited to continue our long-term relationship with Atlantic Lottery," said Jim Trask, President of the Printed Products Group for Scientific Games. "Both Scientific Games and Atlantic Lottery value responsibility, integrity, innovative thinking and effective planning and we believe that shared focus will help generate financial results that will make Atlantic Canada a better place."
In fiscal year 2011/12, Atlantic Lottery generated nearly $627 million in sales of ticket lottery products, including a record breaking $186 million from its Scratch'N Win ticket business. Since 1976, the Lottery has returned more than $7.4 billion in profit back to Atlantic Canadian communities.