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Scientific Games Introduces New Game23 November 2005
NEW YORK – (PRESS RELEASE) -- Scientific Games (Nasdaq: SGMS) will introduce Racetrax(TM) as the latest addition to its entertainment mix. The animated game will join the Monitor Games portfolio of the Maryland Lottery, which recently signed a new five-year contract worth $81 million with Scientific Games.
Racetrax, developed and operated by Tabcorp International, is an animated game, which allows people to bet on car, thoroughbred, greyhound or harness races. Racetrax will be launched in July 2006, and will allow players to bet on animated thoroughbred races. Racetrax will be sold via Scientific Games' lottery terminals, and shown on television monitors along with the current keno game. The animations will be distributed via satellite television to all eligible retail locations. It is expected that Racetrax will be seen in about 2000 venues, including bars, clubs and convenience stores.
Racetrax was successfully field tested earlier this year in Maryland, gaining an enthusiastic reception from players in all venues. The game has already been a hit in Denmark, the United Kingdom, Croatia, and Canada and is also available through Tabcorp wagering venues in Victoria, Australia.
"It is always a plus when we can add extra entertainment value to our wide array of gaming products," said Lorne Weil, Chairman and CEO of Scientific Games. "The fact that Racetrax is part of the Maryland Lottery, makes this news even better, since Maryland is a known leader in the industry and a long-time partner of Scientific Games."
"We are pleased to be entering the American gaming market with Racetrax," said Paul Gulbenkian, Tabcorp International's Executive General Manager. "Racetrax is not only innovative, but technologically advanced. Through our partnership with Scientific Games we look forward to delivering high quality virtual racing games to the Maryland Lottery and an entertaining experience to their customers."
The Maryland Lottery produced record sales of $1.486 billion in fiscal 2005, of which almost a third, over $477 million, went into the State's general fund to support such services and programs as education, public health, human resources, public safety and more, to the benefit of the people of the State.