Autotote and Scientific Games in Discussions.Business Editors NEW YORK--(BUSINESS WIRE)--May 16, 2000 AUTOTOTE CORPORATION (AMEX AMEX See: American Stock Exchange :TTE TTE Telecommunications Terminal Equipment TTE Transthoracic Echocardiography TTE Transthoracic Echocardiogram TTE Trustee TTE TCL-Thomson Electronics TTE To the Extreme (band) TTE The Tourism Expert ) confirmed that it has been in discussions with Scientific Games Holdings Corp. (NYSE NYSE See: New York Stock Exchange :SG) regarding a possible business combination. There can be no assurance that any such business combination will occur. AUTOTOTE CORPORATION provides computerized wagering equipment, computer software, management and satellite broadcast services for on-track, off-track and inter-track wagering, lotteries and legalized sports betting facilities. Autotote's systems are in use in the United States, Europe, Canada, Mexico, Latin America, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and the Far East. This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This information involves risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. For certain information regarding these risks and uncertainties, reference is made to Autotote's Annual Report on Form 10-K for the year ended October 31, 1999 and Scientific Games Annual Report and Form 10-K for the year ended December 31, 1999. |
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