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.
