CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links

Gaming News

 

Autotote Enterprises and TRAXCO Complete Deal

18 January 2005

NEW YORK – (PRESS RELEASE) -- 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.

< Gaming News