Autotote Enterprises and TRAXCO Complete Five-Year Racebook Deal Valued at $3 Million

Autotote Enterprises and TRAXCO Complete Five-Year Racebook Deal Valued at $3 Million NEW YORK, Jan. 18 /PRNewswire-FirstCall/ -- Scientific Games Corporation (NASDAQ:SGMS) announced that its subsidiary Autotote Enterprises Inc. completed an agreement with TRAXCO, Inc., a subsidiary of the Treasure Bay V.I. Corp. to supply racebook services as part of Autotote's turnkey off-track betting (OTB) services. The agreement is for five years and is valued at $3 million. TRAXCO, Inc. recently completed an exclusive franchise agreement with the St. Croix Racing Commission to open a racebook and operate the existing track on St. Croix. Autotote will supply OTB services to TRAXCO, Inc. at the Divi Carina Bay Casino operated by Treasure Bay V.I. Corp and simulcast center at the Randall "Doc" James Racetrack in Christiansted, and other satellite OTB locations on St. Croix to be developed later. Bernie Burkholder, president of TRAXCO, Inc. said, "We believe offering a racebook to our clients will enhance our product and we are excited about our association with Autotote." There are eight other Divi Caribbean island resorts including locations on Aruba, Barbados, Bonaire, St. Maarten and Cayman Brac. Rick Pullman, president of Autotote Enterprises, said, "We are extremely pleased to have the opportunity to work with TRAXCO, Inc. and the Treasure Bay group in this exciting new offering at their first-class gaming resort. Our record of success in supporting similar racebook operations in St. Thomas and St. John, as well as the casino racebooks at Isle of Capri and Mohegan Sun, will serve us well in St. Croix where the islanders are avid racing fans." The first racebook at the Divi Carina Bay Casino & Resort is scheduled to launch in the first quarter of 2005. 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 http://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. Company Contact: Lisa D. Lettieri Scientific Games Corporation 212-754-2233 Source: Scientific Games Corporation CONTACT: Lisa D. Lettieri of Scientific Games Corporation, +1-212-754-2233 Web site: http://www.scientificgames.com/ Company News On-Call: http://www.prnewswire.com/comp/117695.html ------- Profile: International Entertainment