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Autotote Enterprises & Tote Investments Racing Service Complete Five-Year Simulcast Deal

Estimated Contract Value of $5 Million

Scientific Games Worldwide Sports Limited and Autotote Enterprises Inc., divisions of Scientific Games Corporation (Nasdaq: SGMS - News), and Tote Investments Racing Service announced today the completion of a five-year deal for Scientific Games Worldwide Sports Limited and Autotote to supply simulcast services at Tote Investments Racing Service simulcast centers on the island of Barbados. The estimated contract value is $5 million over the five-year term of the agreement.

Tote Investments has operated simulcast facilities on Barbados for the past 30 years. Services are expected to commence in early August.

Rick Pullman, President of Autotote, stated, "We are very pleased to have the opportunity to support Tote Investments Racing Service and provide them with both North American and European racing action. Tote Investments, led by its president Saffie Joseph, has a long tradition of European racing industry involvement. We hope to extend the successes we have enjoyed in our other recent Caribbean launches in St. Croix and the Bahamas to our new racing partners in Barbados."

"We know that the increased availability of North American racing will broaden the player base and will provide increased attraction to an already strong pari-mutuel market in Barbados. We intend to create high-tech simulcast centers by deploying the latest in video and wagering technology. This deal further emphasizes our efforts to leverage Autotote's simulcast expertise as an operator and increase returns from existing markets."

Saffie Joseph, President of Tote Investments Racing Service added, "We are excited about joining forces with Scientific Games, clearly the leader in pari-mutuel service support worldwide. We look forward to broader content, greater levels of wagering and increased customer satisfaction as a result of this new relationship."

Autotote Enterprises operates the Connecticut OTB system with 11 locations throughout the state including Sports Haven in New Haven and the Bradley Teletheater. Autotote and Scientific Games Worldwide Sports Limited also provide venue management services to the Mohegan Sun Casino in Uncasville, Connecticut, the Isle of Capri Casino at Our Lucaya in Freeport, Grand Bahamas, the Divi Carina Bay Resort in St. Croix and the Randall James Racetrack and Simulcast Center in St. Croix.

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 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.

Source: Scientific Games Corporation

 

 
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