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Autotote Successful Bidder for Maine On-Line and Instant Ticket Lottery Contract10 November 2000NEW YORK – (Press Release) --Nov. 10, 2000--Autotote Corporation (Amex: TTE) announced that Maine State Lottery has named Scientific Games International, an Autotote subsidiary, the apparent successful bidder for a six-year contract to provide both on-line and instant ticket lottery games. Subject to negotiation, the contract is valued at approximately $45 million over six years and may also be renewed for two additional, two-year periods. Pursuant to the contract, Autotote will install its AEGIS® Central System and 910 EXTREMA® on-line, clerk-operated lottery terminals equipped with SciScan 1500(TM) keyless entry instant ticket validation modules, 525 SciScan 2000(TM) keyless instant ticket validation terminals, and 150 SciScan 3000(TM) mid-range clerk-operated lottery terminals for operation beginning in July, 2001. Throughout the term of the contract, the company will also be Maine State Lottery's principal instant ticket supplier. Lorne Weil, Chairman and CEO of Autotote, said, ``This contract clearly demonstrates the progress we are making with the integration of Scientific Games and Autotote. By working closely together and combining the best technologies from both companies we were able to provide Maine with a comprehensive package that includes the latest equipment and complete instant ticket services. The award of this $45 million contract is proof of our ability to provide an unparalleled range of products and services.'' AUTOTOTE CORPORATION is the leading integrated supplier of instant tickets, systems and services to lotteries, and the leading supplier of wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Holland and Germany and a major supplier of prepaid phone cards to telephone operators. Autotote's customers are in the United States and more than 60 other countries. |