Market Overview

Multimedia Games Wins Nevada Gaming Commission Approval for New MForce Gaming Platform

Related MGAM
Melco Crown Entertainment (MPEL) Falls: Stock Falls 5.7% - Tale of the Tape
UPDATE: Stifel Initiates Coverage On Multimedia Games

Multimedia Games Holding Company, Inc. (Nasdaq: MGAM) (“Multimedia Games” or the “Company”) announced today that its new gaming platform, MForce^™, has received final approval from the Nevada Gaming Commission, representing a key milestone in the Company's entry into Nevada, the country's largest gaming market. The approval of the MForce operating system and two video slot machine titles follows two successful technical field trials at the MGM Grand Hotel and Casino and The Orleans Hotel and Casino in Las Vegas.

With the approval from the Nevada Gaming Commission, Multimedia Games can immediately begin performance field trials with any casino operators in Nevada that run either the IGT Advantage or Bally ACSC slot management systems. The Company expects to record initial unit sales and recurring revenue placements in the second half of fiscal 2013 and plans to submit eight additional video titles in the next several weeks for approval, which the Company expects to receive in its fiscal third quarter.

Multimedia Games also plans to commence additional technical field trials of its MForce platform and game titles in the state in the coming weeks. These technical trials will be with casino operators that use the Bally SDS system and Aristocrat Oasis system.

Posted-In: News

 

Most Popular

Related Articles (MGAM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters