<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): September 27, 1996
VIDEO LOTTERY TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-19322 81-0470853
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
115 Perimeter Center Place, Suite 911, Atlanta, GA 30346
(Address of principal executive offices and zip code)
(770) 481-1800
(Registrant's telephone number, including area code)
<PAGE> 2
ITEM 5. OTHER EVENTS
On September 27, 1996, the Company announced that the Company's
subsidiary, Automated Wagering International, Inc. ("AWI") had withdrawn its
on-line lottery system proposal to the Kentucky Lottery Corporation. Due to
ongoing divestiture and subcontracting considerations affecting AWI and state
law prohibition, the contract could not be concluded in the time period that
AWI's proposal remains in effect. A copy of the press release announcing the
event is attached as Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit 99.1 Press Release by Video Lottery Technologies,
Inc., dated September 27, 1996.
2
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
VIDEO LOTTERY TECHNOLOGIES, INC.
Date: October 8, 1996 /s/ Janet M. Bjork
-------------------------------------------
Janet M. Bjork
Assistant Secretary
(authorized to sign on behalf of Registrant)
3
<PAGE> 4
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Page
Number Description Number
- ------ ----------- ------
<S> <C> <C>
99.1 Press Release dated September 27, 1996 5
</TABLE>
4
<PAGE> 1
Exhibit 99.1
FROM: VIDEO LOTTERY TECHNOLOGIES, INC.
115 Perimeter Center
Atlanta, GA 30346
AUTOMATED WAGERING INTERNATIONAL, INC.
411 Hackensack Ave.
Hackensack, NJ 07601
MWW/Strategic Communications, Inc.
(201) 507-9500
Contact: Laurie Terry - Email: [email protected]
Bob Sommer - Email: [email protected]
- -------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE
AUTOMATED WAGERING INTERNATIONAL WITHDRAWS KENTUCKY
ON-LINE LOTTERY SYSTEM PROPOSAL
OFFICIALS AT AUTOMATED WAGERING AND THE KENTUCKY LOTTERY CORPORATION
AGREE THEY ARE UNABLE TO CONCLUDE CONTRACT NEGOTIATIONS
ATLANTA, September 27, 1996 -- Video Lottery Technologies, Inc.
(Nasdaq National Market: VLTS) announced today that the company's subsidiary,
Automated Wagering International, Inc. (AWI) has withdrawn its on-line lottery
system proposal to the Kentucky Lottery Corporation.
The company stated that due to ongoing divestiture and
subcontracting considerations affecting AWI, the contract can not be concluded
in the time period that AWI's proposal remains in effect. State law prohibits
the Kentucky Lottery from finalizing the contract negotiations while these
issues are still pending.
"It is unfortunate that these circumstances, which are beyond the
control of both parties, have impeded our efforts to successfully finalize a
contract," said Video Lottery Technologies President Richard Haddrill. "AWI
sincerely appreciates the efforts put forth by the Kentucky Lottery during the
negotiation process and hopes we will have the opportunity to work with the
Lottery in the near future."
Video Lottery Technologies, Inc., through its subsidiaries --
Automated Wagering International, Inc., Video Lottery Consultants, Inc., and
United Tote -- is one of the leading suppliers of system software, equipment,
and related services for on-line lotteries, video lotteries and pari-mutuel
systems throughout the world. Presently, the subsidiaries' equipment and
systems are in operation in the United States, Canada, Australia, Europe, Asia,
South America and the Caribbean.
