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Autotote Corporation Extends Tender Offer for Its 10 7/8% Series B Senior Notes Due 2004

24 August 2000

NEW YORK--(Press Release)--Aug. 24, 2000--Autotote Corporation (ASE:TTE) announced today that it has extended the expiration date of its tender offer for all of its outstanding 10 7/8% Series B Senior Notes due 2004 from 9:00 a.m., New York City time, on Aug. 24, 2000, to 9:00 a.m., New York City time, on Thursday, Aug. 31, 2000, unless further extended.

As of 5:00 p.m., New York City time, on Aug. 23, 2000 approximately $109,950,000 principal amount of Notes had been validly tendered and not withdrawn.

The Company also announced that, because the tender offer has been extended for more than three business days, the Price Determination Date (as defined in the Company's Offer to Purchase and Consent Solicitation Statement dated July 24, 2000 (the ``Statement'') will be Monday, Aug. 28, 2000, unless the tender offer is further extended by more than three business days.

The tender offer and consent solicitation are being made in connection with the proposed acquisition (the ``Scientific Games Acquisition'') by the Company of Scientific Games Holdings Corp. The tender offer and the making of the consent payments are conditioned upon, among other things, consummation of the Scientific Games Acquisition and the satisfaction of a financing condition, each as described in more detail in the Statement.

This announcement is not an offer to purchase, a solicitation of an offer to sell or a solicitation of consents with respect to the Notes. The tender offer and consent solicitation are being made solely by the Statement and the related Consent and Letter of Transmittal, as the same may be amended from time to time.

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