Multimedia Games Downloadable Gaming System Receives GLI Approval
Multimedia Games, Inc. (Nasdaq: MGAM - News) announced today that the downloadable and configurable module of its Casino Commander(TM) game management system has received approval by Gaming Laboratories International Inc. ("GLI"), which has certified that the system meets the current GLI-21 national standard for server-based, downloadable gaming systems, the one now used by many of the tribes and racetracks in the Oklahoma jurisdiction.
Multimedia Games ("Multimedia") will demonstrate the GLI-approved Casino Commander technology, including Tournament Service capabilities and other Intelligent Casino(TM) features, at the fifth annual Global Gaming Expo ("G2E") to be held September 13-15 in Las Vegas (Las Vegas Convention Center: Booth #2356).
Clifton Lind, Multimedia Games President and Chief Executive Officer, commented, "GLIs approval of the downloadable and configurable module of the Casino Commander gaming platform represents a significant milestone in our efforts to bring the next generation of casino management tools to operators as soon as possible. One of Casino Commanders innovative game management tools allows casino operators to configure gaming terminals, either on the fly or automatically, according to predetermined parameters. We believe GLIs approval allows us to maintain our time-to-market lead for these advanced gaming solutions. We expect that Casino Commander, with its initial feature set, will be available for customer delivery in the fourth calendar quarter of 2005, subject to regulatory approval in various jurisdictions.
"At last years G2E, we introduced Casino Commanders downloadable and configurable features. This year, we are excited to be able to preview new Casino Commander features, including the tournament service that allows for in revenue game units to be converted to a slot tournament mode and then seamlessly integrated back into standard revenue play. Our system and game engineers continue to develop what we believe is already the industrys most advanced solution for downloadable gaming management tools, and we believe that current features and those being developed will emerge as the industrys most advanced and capable yield management tools."
About Casino Commander and Tournament Service:
Casino Commander provides casino operators a flexible game platform that dramatically increases an operators control of game selection and configuration, game titles, denominations, payouts, promotions, and other management and marketing features. As with other Multimedia offerings, these technology solutions allow games to be downloaded from a server-based system controlled from a variety of locations, including a wireless tablet PC on the gaming floor.
The Tournament Service feature of Casino Commander is a dynamic revenue tool for operators. In the past, they have had to either dedicate certain machines to slot tournament play and leave them "dark" and out of revenue play when there was no tournament in progress, or manually reconfigure each machine before and after a slot tournament. This Intelligent Casino feature allows operators to keep more games earning revenue during peak periods of operation, but also enables them to fully utilize the powerful marketing advantages of slot tournament offerings during slower or other selected periods on the slot floor. During a tournament, Casino Commander Tournament Service configures "in revenue" machines for the tournament, signs up players, monitors the tournaments progress, and gives real time, interactive feedback to players. At its conclusion, the gaming machines are automatically or manually reconfigured to reflect the desired slot floor profile, and returned to revenue service.
About the Company
Multimedia Games is a leading supplier of interactive systems, electronic games, and player terminals for the Native American gaming market, as well as for the growing racino, charity bingo and video lottery markets. Multimedia designs and develops networks, software and content that provide its customers with comprehensive gaming systems delivered through a telecommunications network that links its player terminals with one another both within and among gaming facilities. The Companys ongoing development and marketing efforts focus on Class II and Class III gaming systems and products for use by Native American tribes throughout the United States, video lottery systems and other products for domestic and international lotteries, and products for charity bingo opportunities. Additional information may be found at www.multimediagames.com.
Forward-Looking Statements
This press release contains forward-looking statements about Multimedia that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as "will," "would," "could," "expect," "plan," "hope," and words of a similar nature that convey future meaning. Examples of such forward-looking statements include: Multimedias efforts to bring the next generation of casino management tools and deliver gaming platform modules to operators as soon as possible or on a predicted timeline; the ability of casino operators to configure gaming machines manually or automatically, our believed lead in time to market for advanced gaming solutions and our ability to maintain that lead; the ability to convert game units to a slot-tournament mode and then seamlessly integrate them back into revenue play; the evolution and advancement of our solutions and the emergence of our features as the industrys most advanced and capable yield management tools; and the ability of operators to keep more games earning revenue during peak periods of operation, while also being able to utilize advantages of slot tournament during slower or other selected periods. Future events involve risks and uncertainties that may cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to: (i) the risk that Multimedias technology, which is relatively new and continually evolving, is unable to serve the needs of its customers, or to scale and expand as anticipated; (ii) the risk that Multimedias ability to deliver its systems may be adversely affected by legal and regulatory developments, technological hurdles, competitive pressures, or other factors that could result in Multimedias games and terminals not being placed into operation or not performing as anticipated; (iii) the risks resulting from the difficulty of successfully and cost-effectively entering new markets, particularly markets in which Multimedia has not previously operated; (iv) the risks associated with the difficulty of developing and introducing to new and existing markets new and enhanced game content and systems that will be widely accepted both by customers and end users; (v) the risk of continuing legal and regulatory activities and enforcement actions related thereto; (vi) the risk that products offered by Multimedias competitors, some of which have greater resources and market presence than Multimedia, gain significant market acceptance at the expense of Multimedias products; (vii) the risks of technological or system failures or disruptions, or the inability of Multimedias technology or systems to scale and expand, including risks associated with the difficulty of installing and maintaining terminals and systems at existing or new facilities; (viii) the risks associated with creating the organization and expertise necessary to deploy and maintain new games and systems; and (ix) the risk that Multimedia fails to correctly estimate its customers requirements and player preferences as it makes complex technological and marketing decisions related to the development of Casino Commander. Other important risks and uncertainties that may affect Multimedias business are detailed from time to time in the "Certain Risks" and "Risk Factors" sections and elsewhere in Multimedias filings with the Securities and Exchange Commission. Multimedia undertakes no obligation to update information in this filing except as required by law.
2005-09-12
