Scientific Games Holdings Corp., the Atlanta-based provider of lottery products and services, earlier this month announced the purchase of Tele Control, an Austria-based subsidiary of New York’s Autotote Corp. for $25 million.
Tele Control, an on-line lottery and transaction reporting company, reported 1996 revenues of approximately $27 million.
William G. Malloy, president and CEO of Scientific Games, said, “The purchase of Tele Control marks our re-entry into the on-line lottery business and continues our long-term growth strategy of expansion into international markets.”
The company acquired its first overseas holding in October, 1996, with the purchase of Great Britain-based Opax International Ltd., now known as Scientific Games International Ltd.
Scientific Games reported 1996 revenues of $146.6 million, and employs more than 1,000 people at its facilities in Georgia, California and Minnesota.
For more information call Scientific Games’ Cliff Bickell, vice president and chief financial officer, or Jim Culver, vice president of sales and marketing, at (770) 664-3700, or access the company’s Web page at http://www.scigames.com.