NEW YORK, May 2 /PRNewswire-FirstCall/ -- Scientific Games (Nasdaq:
SGMS) is providing an Internet wagering platform, telephone betting
technology and associated tote services for the new advance deposit
wagering service ("ADW") TwinSpires (http://www.twinspires.com), operated by
Churchill Downs Technology Initiatives Company, a wholly owned subsidiary
of Churchill Downs Incorporated (Nasdaq: CHDN).
Launched today, TwinSpires uses the Scientific Games Racing
TrackPlay(TM) wagering system, and its data will flow through the
Scientific Games Quantum Data Centers. The TrackPlay wagering system and
Scientific Games' associated technologies and services have been designed
and engineered to fully comply with all applicable laws, including laws
regarding ADW and Internet and telephone pari-mutuel wagering on horse
racing.
"With almost 90 percent of racing handle now being wagered off-track,
much of the future growth of racing lies in the application of Internet
wagering tools. I can't think of a better way to introduce the new
TwinsSpires account- wagering site than with the world's most famous race -
the Kentucky Derby," said Lorne Weil, Chairman and CEO of Scientific Games.
Churchill Downs 2007 spring racing season is highlighted by the Grade I
Kentucky Derby Presented by Yum! Brands on May 5 and the Kentucky Oaks on
May 4. Customers can get detailed information about the many services
offered and sign up for their own accounts at http://www.twinspires.com or by
calling 1-877-SPIRES1.
"We have completed the testing of the TwinSpires site and have been
delighted with results we have obtained using the Scientific Games Racing
TrackPlay and Quantum systems," said Vernon Niven, executive vice president
of technology initiatives for Churchill Downs Incorporated and president of
TwinSpires. "Scientific Games Racing was the clear choice to provide our
Internet solution, and, in cooperation with our TwinSpires team, brought
our system online in record time."
About Churchill Downs Incorporated
Churchill Downs Incorporated ("Churchill Downs"), headquartered in
Louisville, Ky., owns and operates world-renowned horse racing venues
throughout the United States. Churchill Downs' four racetracks in Florida,
Illinois, Kentucky and Louisiana host many of North America's most
prestigious races, including the Kentucky Derby and Kentucky Oaks,
Arlington Million, Princess Rooney Handicap and Louisiana Derby. Churchill
Downs racetracks have hosted seven Breeders' Cup World Championships.
Churchill Downs also owns off- track betting facilities and has interests
in various advance deposit wagering, television production,
telecommunications and racing services companies, including a 50-percent
interest in the national cable and satellite network HorseRacing TV(TM),
that support the Company's network of simulcasting and racing operations.
Churchill Downs trades on the NASDAQ Global Select Market under the symbol
CHDN and can be found on the Internet at
http://www.churchilldownsincorporated.com.
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of
instant tickets, systems and services to lotteries worldwide, a leading
supplier of fixed odds betting terminals and systems, Amusement and Skill
with Prize betting terminals, interactive sports betting terminals and
systems, and wagering systems and services to pari-mutuel operators. It is
also a licensed pari-mutuel gaming operator in Connecticut, Maine and the
Netherlands and is a leading supplier of prepaid phone cards to telephone
companies. Scientific Games' customers are in the United States and more
than 60 other countries. For more information about Scientific Games,
please visit our web site at http://www.scientificgames.com.
Company Contact:
Investor Relations
Scientific Games Corporation
212-754-2233
Forward-Looking Statements
In this press release we make "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements describe future expectations, plans, results or
strategies and can often be identified by the use of terminology such as
"may," "will," "estimate," "intend," "continue," "believe," "expect,"
"anticipate," "could," "potential," "opportunity," or similar terminology.
These statements are based upon management's current expectations,
assumptions and estimates and are not guarantees of future results or
performance. Actual outcomes may differ materially from those projected in
these statements due to a variety of risks and uncertainties and other
factors, including, among other things: competition; material adverse
changes in economic and industry conditions in our markets; technological
change; retention and renewal of existing contracts; availability and
adequacy of cash flow to satisfy obligations and indebtedness or future
needs; protection of intellectual property; security and integrity of
software and systems; laws and government regulation, including those
relating to gaming licenses, permits and operations; seasonality;
dependence on suppliers and manufacturers; factors associated with foreign
operations; dependence on key personnel; failure to perform on contracts;
resolution of pending or future litigation; labor matters; and stock price
volatility. Additional information regarding risks and uncertainties and
other factors that could cause actual results to differ materially from
those contemplated in forward-looking statements is included from time to
time in our filings with the SEC, including our most recent Annual Report
on Form 10-K. Forward-looking statements speak only as of the date they are
made, and except for our ongoing obligations under the U.S. federal
securities laws, we undertake no obligation to publicly update any
forward-looking statements whether as a result of new information, future
events or otherwise.
SOURCE Scientific Games
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