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Scientific Games completes acquisition

15 Nov 2007

NEW YORK, Nevada -- (PRESS RELEASE) -- Scientific Games (Nasdaq: SGMS) announced today that it has completed the acquisition of a 50% interest in the ownership of Guard Libang, a leading provider of instant lottery ticket cooperative services in China. The final purchase price was approximately $28 million. Guard Libang is an indirect subsidiary of REXCAPITAL Financial Holdings Limited (0555.HK). Guard Libang provides automated instant ticket validation services on behalf of the China Welfare Lottery (CWL) to approximately 17 provinces and 30 of the country's wealthiest cities. Guard Libang also provides instant ticket cooperative services to multiple CWL lotteries for a percentage of sales. Guard Libang's 17 provinces cover a population of approximately 792 million with a network of approximately 48 thousand retailers. The signing of the agreements providing for the acquisition was previously announced on July 19, 2007.
 
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