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Scientific Games completes acquisition of Barcrest Group

26 Sep 2011

NEW YORK -- (PRESS RELEASE) -- Scientific Games Corporation (Nasdaq: SGMS) ("Scientific Games" or the "Company") announced today the completion of its previously announced acquisition by its wholly owned subsidiary, Global Draw Limited ("Global Draw"), of Barcrest Group Limited ("Barcrest"), a leading supplier of gaming content and machines in Europe, from International Game Technology (NYSE: IGT).
Barcrest will be integrated into Scientific Games' Diversified Gaming Group that includes its server-based gaming businesses, Global Draw and Games Media. The acquisition is anticipated to enhance the Company's gaming business by adding Barcrest's expansive library of gaming titles and properties, which were compiled over the past 40 years, to Scientific Games' existing content portfolio and state-of-the-art digital delivery network. The deal will also extend the Company's U.K. presence to new betting shop and pub locations as well as complementary gaming venues, such as bingo halls and other gaming centers, along with providing access to new video lottery customers in Italy and the Czech Republic. Barcrest also provides the Company with an existing base of business in interactive gaming, where game content is currently available through internet, mobile and other digital delivery channels.
Based on preliminary, unaudited results provided to the Company, for the twelve months ended June 30, 2011, Barcrest had revenue of approximately 41.9 million pounds Sterling, which included approximately 23.2 million pounds of product sales and approximately 18.7 million pounds of recurring revenue. For the same period, Barcrest's operating income and depreciation expense were approximately 6.5 million pounds and 4.5 million pounds, respectively. Barcrest had an installed base of over 5,000 terminals as of June 30, 2011.

About Scientific Games
Scientific Games Corporation is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide. Scientific Games' integrated array of products and services includes instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming machines and associated gaming control systems.
 
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