Autotote signs contracts with 10 tracks to provide wagering systems and services.NEW YORK--(BUSINESS WIRE)--May 3, 1996--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 ) today announced that it has signed contracts to provide wagering systems and services to 10 pari-mutuel operators in seven states since the beginning of the year. The contracts, which represent new relationships as well as extensions of existing relationships, in aggregate total approximately $16 million in projected revenues over the next seven years. A. Lorne Weil, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "These contracts reflect Autotote's position as the leading provider of wagering systems to the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. pari-mutuel industry. We are particularly pleased that six existing customers, ranging from one of the largest jai alai jai alai (hī`lī'), handball-like game of Spanish Basque origin. It is also called pelota. Jai alai is played on a three-walled court with a hard rubber ball that must be hurled against the front wall with the cesta, frontons in Florida to leading race tracks in Delaware, West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. , Michigan and Washington, have decided to extend their contracts with us. We are equally pleased that four new customers, including the country's newest track, Emerald Downs in Auburn, Washington, have also expressed confidence in our ability to meet their needs for reliable, state-of-the-art tote systems." New customers that have signed contracts with Autotote include: Emerald Downs, a horse racing track in Auburn, Wash.; Colonial Downs, a horse racing track in Providence Forge, Va., including off-track betting facilities in Virginia; Waterloo, a dog racing track in Waterloo, Iowa; and Muskegon, a horse racing track in Fruitport, Mich. Existing customers that have signed extensions or renewals with Autotote include: Delaware Park, a horse racing track in Wilmington, Del.; Mountaineer Park, a horse racing track in Chester, W. Va.; Tampa Jai Alai, in Tampa, Fla.; Playfair, a horse racing track in Spokane, Wash.; Yakima, a horse racing track in Yakima, Wash.; and Sports Creek, a horse racing track in Swartz Creek, Mich. -0- AUTOTOTE CORPORATION designs and manufactures computerized wagering equipment and provides facilities management for use in off-track wagering, lotteries and legalized sports betting facilities. Autotote's systems are in use in the United States, Europe, Central and South America, Canada, Mexico, 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. CONTACT: The Miller Company Gregory W. Miller, 914/834-1868 (F) 914/834-6782 e-mail: millercol@aol.com |
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