Scientific Games Corporation has renewed its contract with Philippine gaming company Pacific Online Systems Corporation (POSC) to supply electronic lottery systems for the country’s Visayas and Mindanao regions.

The three-year extension ends in July 2018, and will see Scientific Games supply POSC with 1,500 new WAVE lottery terminals by the end of the year.

“Scientific Games has demonstrated a strong commitment to our systems technology over the last decade, and we are pleased to continue working together to grow lottery sales in the Philippines,” POSC president Willy Ocier said.

“The new terminals installed through this contract extension will allow us to retire some of our older terminals and provide our retailers with advanced technology that drives efficiencies and makes it easy and convenient for retailers to sell lottery games,” Ocier has explained.

Scientific Games has provided POSC with products and services since 2005, supplying instant games and an instant ticket validation system in addition to the systems and retail technology.

Founded in 1993, POSC sources and leases gaming technology to the Philippine Charity Sweepstakes Office (PCSO) and supplies the Visayas and Mindanao regions with lottery technology since 1995. It also leases keno terminals and an online operating system to PCSO across the country, having signed an agreement in 2004.

“We appreciate the professionalism and creativity exhibited by POSC and its leadership team, and we look forward to supporting their numerous growth initiatives over the next several years,” Scientific Games president of corporate development and global strategic accounts Michael Conforti said.

Shares in Scientific Games Corporation (Co. Data) (NASDAQ:SGMS) closed at $8.20 per share in New York Tuesday.



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