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Autotote Corporation Extends Tender Offer for Its 10 7/8% Series B Senior Notes Due 20041 September 2000NEW YORK--(Press Release)--Sept. 1, 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 (the ``Notes'') from 9:00 a.m., New York City time, on August 31, 2000, to 9:00 a.m., New York City time, on Friday, September 1, 2000, unless further extended. As of 5:00 p.m., New York City time, on August 31, 2000 all $110 million of the outstanding principal amount of Notes had been validly tendered and not withdrawn. 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. T he 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 Company's Offer to Purchase and Consent Solicitation Statement dated July 24, 2000 (the ``Statement''). Autotote Corporation Extends Tender Offer for Its 10 7/8% Series B Senior Notes Due 2004 The tender offer and consent solicitation are being made in connection with the proposed acquisition by the Company of Scientific Games Holdings Corp. NEW YORK--(Press Release)--Sept. 1, 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 (the ``Notes'') from 9:00 a.m., New York City time, on August 31, 2000, to 9:00 a.m., New York City time, on Friday, September 1, 2000, unless further extended. As of 5:00 p.m., New York City time, on August 31, 2000 all $110 million of the outstanding principal amount of Notes had been validly tendered and not withdrawn. 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. T he 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 Company's Offer to Purchase and Consent Solicitation Statement dated July 24, 2000 (the ``Statement''). |