NEW YORK, Aug. 25 - Scientific Games Corporation (Nasdaq: SGMS) announced today that it has extended the expiration date of its offer to exchange an aggregate principal amount of up to $200,000,000 of its new 6-1/4% Senior Subordinated Notes due 2012 for an equal amount of its old 6-1/4% Senior Subordinated Notes due 2012 (the "Old Notes"). The exchange offer, which was scheduled to expire at 5:00 p.m., New York City time, on August 25, 2005, will now expire at 5:00 p.m., New York City time, on August 30, 2005 (unless further extended), to allow holders of the outstanding Old Notes to tender in the exchange offer.
Scientific Games was advised by Wells Fargo Bank, N.A., the exchange agent for the exchange offer, that, as of 5:00 p.m., New York City time, on August 25, 2005, a total of $ 197,500,000 aggregate principal amount of Old Notes were tendered pursuant to the offer, representing approximately 98.75% of the aggregate principal amount of Old Notes outstanding.
Except for the extension of the expiration date and as set forth below, all of the other terms of the exchange offer remain as set forth in the prospectus dated July 21, 2005 and the related letter of transmittal. Copies of the prospectus and the related letter of transmittal may be obtained from Wells Fargo Bank, N.A., which is serving as exchange agent for the exchange offer. Contact information for Wells Fargo Bank, N.A. is as follows:
Wells Fargo Bank, N.A.
Corporate Trust Operations
MAC N9303-121
6th & Marquette Avenue
Minneapolis, MN 55479
Telephone: (800) 344-5128
Facsimile Transmission: (612) 667-6282
This press release is neither an offer to purchase nor a solicitation of an offer to sell any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. The exchange offer is being made solely pursuant to the prospectus dated July 21, 2005, including any supplements thereto, and the related letter of transmittal and only in such jurisdictions as permitted under applicable law.
About Scientific Games
Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries, and a 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.
Company Contact: Lisa D. Lettieri
Scientific Games Corporation
212-754-2233
