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Multimedia Games Holding Company, Inc.
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.
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