A registration statement related to the offering has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. The shares may not be sold nor may offers to buy be accepted until the registration statement becomes effective.
Scientific Games, the parent company to Autotote, announced Friday it has filed the necessary paperwork for an offering of 12,500,000 shares of Class A common stock.The shares will be offered by an underwriting syndicate led by Bear Stearns, which also handled a $96.1 million stock offering for Penn National Gaming in February and is working on an offering of 20 million shares for Magna Entertainment.Scientific Games has granted the underwriters an option for a period of 30 days to purchase from Scientific Games up to 1,875,000 Class A common shares to cover over-allotments, if any.