Scientific Games Extends Notes Offer
NEW YORK – (PRESS RELEASE) -- Scientific Games Corporation (Nasdaq: SGMS) announced today that it has extended the expiration date of its offer to exchange an aggregate principal amount of up to $200,000,000 of its new 6 1/4% Senior Subordinated Notes due 2012 for an equal amount of its old 6 1/4% Senior Subordinated Notes due 2012 (the "Old Notes"). The exchange offer, which was scheduled to expire at 5:00 p.m., New York City time, on August 25, 2005, will now expire at 5:00 p.m., New York City time, on August 30, 2005 (unless further extended), to allow holders of the outstanding Old Notes to tender in the exchange offer.
Scientific Games was advised by Wells Fargo Bank, N.A., the exchange agent for the exchange offer, that, as of 5:00 p.m., New York City Time, on August 25, 2005, a total of $197,500,000 aggregate principal amount of Old Notes were tendered pursuant to the offer, representing approximately 98.75% of the aggregate principal amount of Old Notes outstanding.
Except for the extension of the expiration date and as set forth below, all of the other terms of the exchange offer remain as set forth in the prospectus dated July 21, 2005 and the related letter of transmittal. Holders who have validly tendered Old Notes prior to 5:00 p.m., New York City time, on August 25, 2005, and any other holders of Old Notes who tender prior to the extended expiration date, will not be permitted to withdraw their Old Notes. Copies of the prospectus and the related letter of transmittal may be obtained from Wells Fargo Bank, N.A., which is serving as exchange agent for the exchange offer.
