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Scientific Games Announces Extension Of Exchange Offer For $300 Million Of 6.250% Senior Subordinated Notes Due 2020

Stocks in this article: SGMS

NEW YORK, Jan. 30, 2013 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) (the "Company") announced today that its wholly owned subsidiary, Scientific Games International, Inc., has extended the expiration date of its offer to exchange up to $300,000,000 principal amount of its 6.250% Senior Subordinated Notes due 2020 (the "new notes") which have been registered with the United States Securities and Exchange Commission under the Securities Act of 1933 for all of its outstanding unregistered 6.250% Senior Subordinated Notes due 2020 (the "old notes").  As a result of the extension, the exchange offer is now scheduled to expire at 5:00 p.m., New York City time, on February 5, 2013, unless further extended.

The exchange offer was originally set to expire at 5:00 p.m., New York City time, on January 29, 2013.  As of January 29, 2013, notes representing approximately $298,500,000 in aggregate principal amount, or 99.5%, of the old notes had been validly tendered and not withdrawn.  Except for the extension of the expiration date, all of the other terms of the exchange offer remain as set forth in the exchange offer prospectus, dated December 28, 2012.

This press release is not an offer to exchange the new notes for the old notes or the solicitation of an offer to exchange, which we are making only through the exchange offer prospectus.

For more information, please contact the Exchange Agent, The Bank of Nova Scotia Trust Company, at:

The Bank of Nova Scotia Trust Company Attn: Pat Keane  One Liberty Plaza New York, New York 10006 Tel.: (212) 225-5427 Fax: (212) 225-5436

About Scientific Games  Scientific Games Corporation is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide. Scientific Games' integrated array of products and services includes instant lottery games, lottery gaming systems, terminals and services, and internet applications, as well as server-based interactive gaming terminals and associated gaming control systems.

Company Contact: Cindi Buckwalter, Investor Relations(212) 754-2233

Forward-Looking Statements  In this press release the Company makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "continue," "believe," "expect," "anticipate," "could," "potential," "opportunity," or similar terminology. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of future results or performance. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; material adverse changes in economic and industry conditions; technological change; retention and renewal of existing contracts and entry into new or revised contracts; availability and adequacy of cash flows to satisfy obligations and indebtedness or future needs; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; inability to identify, complete and integrate future acquisitions; inability to benefit from, and risks associated with, strategic equity investments and relationships; failure of Northstar to meet the net income targets or otherwise realize the anticipated benefits under its private management agreement with the Illinois Lottery; seasonality; inability to identify and capitalize on trends and changes in the lottery and gaming industries, including the potential expansion of regulated gaming via the internet; inability to enhance and develop successful gaming concepts; dependence on suppliers and manufacturers; liability for product defects; fluctuations in foreign currency exchange rates and other factors associated with international operations; influence of certain stockholders; dependence on key personnel; failure to perform on contracts; resolution of pending or future litigation; labor matters; and stock price volatility. Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in the Company's filings with the Securities and Exchange Commission, including under the heading "Risk Factors" in our periodic reports. Forward-looking statements speak only as of the date they are made and, except for the Company's ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE Scientific Games Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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