AUTOTOTE CORPORATION AND SUBSIDIARIES
                    CONSOLIDATED STATEMENTS OF OPERATIONS

                 Two Months Ended December 31, 1999 and 2000
             (Unaudited, in thousands, except per share amounts)

                                                        1999           2000
    Operating revenues:
      Services                                       $22,159         57,584
      Sales                                            8,083          9,007
                                                      30,242         66,591
    Operating expenses (exclusive of depreciation
     and amortization shown below):
      Services                                        15,660         39,592
      Sales                                            5,220          5,547
                                                      20,880         45,139
        Total gross profit                             9,362         21,452
    Selling, general and administrative expenses       4,213          9,902
    Depreciation and amortization                      3,560          8,598
        Operating income                               1,589          2,952
    Other deductions:
      Interest expense                                 2,697          8,790
      Other income                                      (19)          (247)
                                                       2,678          8,543
      Loss before income tax expense (benefit)       (1,089)        (5,591)
    Income tax expense (benefit)                          30          (677)
      Net loss                                       (1,119)        (4,914)
    Convertible preferred stock dividend                  --          1,143
    Net loss available to common stockholders       $(1,119)        (6,057)

    Basic and diluted loss per share:
    Net loss                                         $(0.03)         (0.12)
    Net loss available to common stockholders        $(0.03)         (0.15)

    Weighted average number of shares used in per share calculations:
      Basic shares                                    36,362         40,025
      Diluted shares                                  36,362         40,025