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 (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 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 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 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
For further information: Investor Relations of Scientific Games Corporation, +1-212-754-2233
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