Scientific Games Racing signs exclusive licence agreement with 123racing™
Scientific Games Racing, LLC (SGR), a wholly-owned subsidiary of Scientific Games [NASDAQ:SGMS] has signed an exclusive licensing and distribution agreement with Racingworld Technology Limited (RWT) to develop and offer the 123racing™ bet through its BetJet™ terminals and Trackplay Internet wagering websites in North
The 123racing bet type was developed by Racingworld Technology, initially as a racetrack promotional game. To play 123racing, the bettor simply picks a horse in each of a set number of races and scores points based on the win, place and show returns. Players follow their progress on the 123racing leaderboard and those with the most points at the end of the set number of races share in the 123racing pari-mutuel pool.
Racingworld Technology has already deployed the 123racing bet type in North America as a free play handicapping contest which is currently available through the Monmouth Park, Meadowlands and Woodbine Entertainment websites.
SGR will introduce the first pay-to-play, racetrack-based 123racing handicapping contest at Emerald Downs for a limited time only, July 24th through the 26th. Participants will pay $25 to enter the 123racing handicapping contest and will compete for a share of the
123Racing pool on six consecutive Emerald Downs races.
Beginning in the first part of 2009, 123racing will be available at participating SGR customer racetracks with BetJet terminals and online through SGR’s Trackplay™ Internet wagering platform as a pure pari-mutuel wagering pool with a $2 bet minimum.
"123racing is a new and exciting opportunity and we were enthusiastic to work with RWT to bring the bet to North America,” stated Brooks Pierce, President of Scientific Games Racing. “It is simple to play, has an interesting hook, and has been a proven success in free-play versions, both in North America and abroad. The simplicity of the bet is a key attraction – it is essentially fantasy football for horse racing.”
Robert Earle, CEO of Racingworld Technology stated, "We are very excited about the opportunity to work with Scientific Games Racing to launch a new bet type in North America that will help stimulate wagering to a new audience. The 123racing game has been operating as a free play game in New Zealand for more than two years and we
have statistics to show that it has stimulated growth in track handle throughout New Zealand.”
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive
sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone
companies. Scientific Games’ customers are in the United States and more than 60 other countries.
For more information about Scientific Games, please visit our web site at www.scientificgames.com.
Scientific Games Corporation
About Racingworld Technology Limited
Racingworld Technology Limited, the winner of the 2007 eGaming Review Start-up Operator of the Year, specializes in the development and operation of leading-edge interactive skill gaming technology focusing on horse racing. The Company has developed and owns exclusively the multi award-winning website www.123racing.com.
Robert Earle, Chief Executive,
Racingworld Technology +44 7785 223355
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