New York-listed Scientific Games has been awarded a new eight-year contract to supply the New Mexico Lottery with instant win products.
The deal, which sees the solutions giant become the lottery's primary provider of instant games, has been agreed alongside a two-year contract to operate a loyalty rewards programme. Scientific Games has already supplied the lottery with instant win titles for more than 20 years.
Through the agreement it will complement its provision of instants with related services and will provide training to lottery retailers. It will also continue providing content, technology and services for the lottery's second-chance promotions programme.
As a result, players in the state will be able to continue playing popular branded titles including Betty Boop and Monopoly, as well as seasonal second-chance games such as the Holiday Dash Promotion.
"Based on our business plan, Scientific Games has proven that they have the experience to help the New Mexico Lottery grow profits in the next eight years by delivering quality instant games, support and strategic planning for our product portfolio and player engagement," New Mexico Lottery Authority chief executive David Barden said.
"We look forward to leveraging that experience to responsibly grow revenue and to help support New Mexico's Legislative Lottery Scholarship programme."
Scientific Games senior vice president of instant products John Schulz said his company was "honoured" to have been selected as the lottery's principal supplier of instant games.
"We will help the lottery develop a high-performing portfolio of instant games supported by one of the industry's most engaging loyalty and rewards programs," he said.
"Our teams will work together to develop a fully integrated offering that will support the lottery's business goals to create more returns to college scholarships in the state."
Shares in Scientific Games Corporation (NSQ:SGMS) closed down 6.07 per cent at $53.40 per share in New York Tuesday.