Scientific Games Announces Proposed Private Offering of $200 Million of Senior Subordinated...

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Mon May 18, 2009 7:52am EDT

Scientific Games Announces Proposed Private Offering of $200 Million of Senior
Subordinated Notes due 2019

NEW YORK, May 18 /PRNewswire-FirstCall/ -- Scientific Games Corporation
(Nasdaq: SGMS) announced today that its subsidiary, Scientific Games
International, Inc., intends, subject to market and other conditions, to offer
$200 million aggregate principal amount of senior subordinated notes due 2019
in a private offering to qualified institutional buyers in accordance with
Rule 144A and Regulation S under the Securities Act of 1933, as amended (the
"Securities Act"). 

Scientific Games intends to use the net proceeds from the offering for general
corporate purposes, including the repurchase of a portion of its outstanding
indebtedness.

The notes will not be registered under the Securities Act or any state
securities laws and, unless so registered, may not be offered or sold in the
United States except pursuant to an applicable exemption from the registration
requirements of the Securities Act and applicable state securities laws. 

This press release does not and will not constitute an offer to sell or the
solicitation of an offer to buy the senior subordinated notes, nor shall there
be any sale of the senior subordinated notes in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state. This press release is being
issued pursuant to and in accordance with Rule 135c under the Securities Act.

    Company Contact:
    Investor Relations
    Scientific Games
    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 projected 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 in the Company's markets; technological change; retention and
renewal of existing contracts and entry into new or amended contracts;
availability and adequacy of cash flow 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; seasonality; ability to enhance
and develop successful gaming concepts; dependence on suppliers and
manufacturers; liability for product defects; factors associated with foreign
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 the Company's most recent Annual Report on Form
10-K. 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

Investor Relations, Scientific Games, +1-212-754-2233
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