Scientific Games acquires Games Media
NEW YORK – (PRESS RELEASE) -- Scientific Games (Nasdaq: SGMS) announced today that it has completed the acquisition of Games Media Ltd. and related companies. Games Media is a UK based company developing, publishing and selling "Amusement With Prizes" (AWP) machines, "Skill With Prizes" (SWP) machines and related content for the UK public house market. The acquisition is expected to be neutral to 2007 earnings.
The UK public house market comprises approximately 60,000 pubs which have an estimated total of 120,000 AWPs and 30,000 SWPs. It is anticipated that the industry will undergo a digital replacement cycle of the current analog machines starting in 2007. For more on Games Media, please see the intention to complete this transaction previously announced on November 27, 2006.
