Scientific Games Renews Deal With Lotto Bayern

[image credit : Pixabay]

Scientific Games has signed a four-year extension to its technology contract with long-term partner Staatliche Lotterieverwaltung (Lotto Bayern), the state lottery of the German state of Bavaria.

Under the agreement, which includes an option to extend by up to five additional years, Scientific Games will migrate Lotto Bayern’s central gaming system to its new Symphony technology.

Symphony is Scientific Games’ newest digital lottery business platform and games technology, with Munich-based Lotto Bayern to become one of the first lotteries in the world to install the new self-contained system.

State-owned Lotto Bayern is the second largest of Germany’s 16 state lotteries, running approximately 3,500 licensed retail points-of-sale and also operating both online and mobile sales. The lottery has been working with Scientific Games for more than 25 years.

“It’s important for Scientific Games to provide our lottery customers with market-driven, cloud-ready and ultra-reliable systems, like Symphony,” Scientific Games’ Vice President of Sales and Marketing international lottery accounts, Matthias Müller, said.

“Symphony accelerates time-to-market for new products and services while integrating new solutions to implement new games, providing Lotto Bayern players with the latest state-of-the-art technology.”

The extension comes after the executive leadership of Scientific Games this week voluntarily reduced its salaries by 50%, with Chief Executive Officer Barry Cottle going without pay, as part of its efforts to mitigate the novel coronavirus (Covid-19) pandemic.

This formed part of a broad range of cost-saving measures to preserve jobs and protect the company’s operations, with the Scientific Games’ workforce to have hours and pay reduced to preserve as many jobs as possible, while workers in support roles that have seen a significant decrease in work will be furloughed.

bitcoin
Bitcoin (BTC) $ 10,490.35 0.18%
ethereum
Ethereum (ETH) $ 339.63 0.32%
tether
Tether (USDT) $ 1.00 0.16%
ripple
XRP (XRP) $ 0.232524 0.10%
bitcoin-cash
Bitcoin Cash (BCH) $ 215.28 0.42%
polkadot
Polkadot (DOT) $ 4.17 3.27%
binancecoin
Binance Coin (BNB) $ 23.83 1.02%
chainlink
Chainlink (LINK) $ 8.18 7.90%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.152234 0.04%
litecoin
Litecoin (LTC) $ 44.77 2.59%
S&P 500  ^GSPC 
$3,236.92  $78.65  (-2.37%)
Dow Jones Industrial Average  ^DJI 
$26,763.13  $525.05  (-1.92%)
NASDAQ Composite  ^IXIC 
$10,632.99  $330.65  (-3.02%)
Russell 2000  ^RUT 
$1,451.46  $45.50  (-3.04%)
Crude Oil Nov 20  F*CL.NYM 
$40.05  $0.1200  (0.30%)
   
$0.0000  $0.0000  (0.00%)