Scientific Games Acquires Remainder of Scientific Games Latin America

NEW YORK -- (PRESS RELEASE)-- Scientific Games Corporation (Nasdaq: SGMS) announced that it has acquired the 35% of Scientific Games Latin America S.A. (SGLA) that it did not already own for $19.6 million.

Scientific Games had originally acquired 65% of the company, originally known as Serigrafica Chilena S.A., in June of 2002.

"This transaction is the result of our continuing conviction that Latin America presents an enormous opportunity for both our lottery and mobile phone card businesses," said Lorne Weil, chairman and CEO of Scientific Games Corporation. After 2-1/2 years of working with the SGLA team, we believe that the time has come to cement our commitment to the region through the completion of this acquisition and by making additional investments in personnel and equipment. This additional expansion will facilitate our ability to significantly increase our revenues from customers in Latin America over time."