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16 January 2007
Scientific Games Signs Racing
Deal
Scientific Games has
signed an 11-year contract with the Camarero Group of San
Juan, Puerto Rico to provide tote, data communications, and
simulcast satellite uplink equipment and
services.
The pact is expected to
produce revenues of approximately $2 million per
year.
The Camarero Group
operates Hipodromo Camarero (formerly known as El
Comandante), the sole thoroughbred racetrack in Puerto Rico,
and a network of 650 Off-Track Betting shops (OTBs).
Camarero also provides a television program called
"International Thoroughbred Action" which it broadcasts
throughout the island and to other countries.
"The Camarero Group is
committed to restoring Puerto Rico racing to its former
levels of attendance and handle - and then surpassing them -
and we look forward to helping them achieve those goals,"
said Lorne Weil, Chairman and CEO of Scientific
Games.
"Scientific Games has the
best suite of racing technology, and was the clear choice to
be our partner in growing the racing industry in Puerto
Rico. We will also look for new ways to grow our existing
business in Puerto Rico as well as developing our
international simulcasting opportunities," added Ervin
Rodriguez, President of the Camarero Group.
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