China LotSynergy Holdings Limited and International Game Technology Announce Strategic Alliance in China Lottery Market

China LotSynergy Holdings Limited and International Game Technology Announce Strategic Alliance in China Lottery Market

May 03, 2007

    HONG KONG and RENO, Nev., May 3 /Xinhua-PRNewswire/ --
China LotSynergy Holdings Limited (SEHK: 8161) and
International Game Technology (NYSE: IGT) today announced
that China LotSynergy Holdings Limited ("CLS")
and International Game Technology ("IGT") have
entered into a strategic alliance through a Subscription
Agreement and a Technical Cooperation Agreement on May 1,
2007.

    Pursuant to the agreements, IGT will invest
approximately US$103 million in CLS, partly in the form of
equity and partly in the form of a convertible note.
Through the strategic alliance with CLS, IGT will be able
to gain access to the fast-growing Chinese Lottery market,
while CLS will be able to source advanced gaming technology
to support its business expansion in China.

    Ivy Lau, Chairperson of CLS said, "IGT is a global
leader in the supply of gaming technology.  This strategic
alliance will be highly beneficial to both parties. We
believe that IGT is the right strategic partner for us
given its superior manufacturing capabilities and game and
systems technology."

    TJ Matthews, Chairman of IGT said, "We are very
excited about the opportunity to participate in the
fast-growing China Lottery industry by partnering with an
established market leader who has extensive local expertise
and experience like CLS.  Our strategic investment in CLS
attests to our confidence in the future success of our
cooperation."

    Proceeds from the shares and convertible note will be
used for business expansion, potential investment
opportunities, and general working capital purposes.

    The completion of the agreements is subject to
customary closing conditions, including, but not limited
to, mutual satisfactory completion of due diligence and the
Stock Exchange of Hong Kong approval on the listing of new
shares.  The closing date is anticipated to be on or before
May 31, 2007.

    About China LotSynergy Holdings Limited

    CLS is principally engaged in investment, project
development and the provision of technologies and equipment
and consultancy services in Lottery business and related
sectors in China.

    About International Game Technology 

    IGT ( http://www.IGT.com ) is a global company
specializing in the design, development, manufacturing,
distribution and sale of computerized gaming machines and
related systems.

    Statements in this release, which are not historical
facts, are "forward looking" statements under the
Private Securities Litigation Reform Act of 1995.  Although
IGT believes that the expectations reflected in any of its
forward-looking statements are reasonable, actual results
could differ materially from those projected or assumed. 
IGT's future financial condition and results of operations,
as well as any forward-looking statements, are subject to
change and to inherent known and unknown risks and
uncertainties. IGT does not intend, and undertakes no
obligation, to update forward-looking statements to reflect
future events or circumstances.

    Information on risks and factors that could affect
IGT's business and financial results are included in our
public filings made with the Securities and Exchange
Commission.


    For more information, please contact:

     Patrick Cavanaugh, Executive Director
     Investor Relations of IGT
     Tel:  [phone]