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Friday, December 05, 2008

Global Draw and Elixir Gaming form Strategic Alliance for Placement of Server-Based Gaming Machines in Asia

NEW YORK, SGMS wholly-owned subsidiary, The Global Draw Ltd. ("Global Draw") and Elixir Gaming Technologies (EGT:elixir gaming technologies) announced today they have formed a strategic alliance to address new opportunities in the high-potential gaming market of Cambodia through placements of Global Draw's popular server-based gaming machines at Elixir Gaming sourced venues. Pursuant to this agreement, gaming machines from Global Draw will be placed at venues on a revenue share basis and Global Draw and Elixir Gaming will share in the net win of the machines placed into operation. It is expected that Global Draw and Elixir Gaming will enter into a similar arrangement for the Philippines in the first quarter of 2009.

The first placement of Global Draw machines under this new agreement of approximately 65 Silverball networked gaming machines will be placed in casinos and licensed gaming halls in popular visitor destinations in Cambodia, as sourced by Elixir Gaming, during the first quarter of calendar 2009. In addition to securing new locations for the placement of Global Draw products, Elixir Gaming will provide ongoing marketing and technical support of the installed units.

Global Draw first introduced server-based gaming to the British betting market in the late nineties and has over 13,000 of its popular Silverball and Nevada terminals operating worldwide.

Neil Moir, Director of International Business Development for Global Draw, said: "This new alliance with Elixir Gaming aligns us with the perfect strategic partner to immediately access the South East Asian gaming market, which is the fastest growing gaming market in the world and represents another significant milestone in Global Draw's ability to expand our presence beyond our core market in the UK. Global Draw's unique downloadable, server-based games and services are applicable to all global markets as they allow us to work closely with our customers to increase machine income by making constant changes to our content. We are very pleased to leverage the benefits of Global Draw's unique products with the expertise Elixir Gaming has quickly developed in addressing the Cambodian market through their strong market presence and expanding relationships with venue owners. We expect our exciting level of content and increasing the level of security and flexibility offered by our products will provide immediate benefits to venue owners and their players in these rapidly growing markets."

Elixir Gaming is a leading supplier of technology gaming solutions in its key markets in Asia. Through its growing installation base of over 1,200 electronic gaming machines which are leased to its customers on a participation basis, local market relationships, and operational expertise, Elixir Gaming has established a meaningful presence in the high-potential gaming markets of the Philippines and Cambodia.

Clarence Chung, Chairman and Chief Executive Officer of Elixir Gaming, said: "We are delighted to be working with a company like Scientific Games, and its subsidiary Global Draw, which share our passion for delivering excellence in terms of cutting edge games, technology, and customer service. This agreement provides us with opportunities to ramp up our installed base with value-added networked gaming machines that complement our existing operating units. Importantly, this new alliance is another indication of the progress we are making with initiatives to improve our operating performance as we believe the entertainment value of Global Draw's products will help to deliver incremental net revenues to Elixir Gaming while allowing us to preserve capital for execution on additional growth initiatives."

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 www.scientificgames.com.

Company Contact:
Investor Relations
Scientific Games
212-754-2233


About Elixir Gaming Technologies, Inc.

Elixir Gaming Technologies, Inc. is a provider of gaming technology solutions. The Company secures long-term contracts to provide comprehensive turn-key solutions to 3, 4, and 5 star hotels and other well-located venues throughout Asia that seek to offer casino gaming products. The Company retains ownership of the gaming machines and systems and receives recurring daily fees that average in excess of 20% of the net gaming win per machine and provides on-site maintenance. The Company has established a strategic presence in the Asia Pacific region with a focus on the Philippines, Cambodia, and Vietnam markets. For more information please visit www.elixirgaming.com.

Company Contact:
Traci Mangini
SVP, Corporate Finance
702-617-4741


Forward-Looking Statements

Certain statements in this press release which are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Those forward-looking statements include statements regarding the expectations for the business relationship between Global Draw and Elixir Gaming including the placement of games and recurring revenue that may develop from the relationship between the two companies. These statements, including those relating to timing of contracts, renewals or other events, business plans and performance objectives, 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: that Global Draw and Elixir Gaming may not realize the expected benefits of the game placements, risks related to Elixir Gaming's inability to place gaming machines at significant levels or at all and risks relating to Elixir Gaming's ability to place games that generate the expected amount of net-win; competition; material adverse changes in economic and industry conditions in our markets; technological change; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; seasonality; dependence on suppliers and manufacturers; factors associated with foreign operations; failure to retain, renew or perform on contracts; resolution of pending or future litigation; and other factors described from time to time in our filings with the SEC, including our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and except for our ongoing obligations under the U.S. federal securities laws, we undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

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