AUSTIN, Texas--(BUSINESS WIRE)--Austin may not be the obvious choice for a casino gaming company’s home base, but the city’s people make it a great fit for Multimedia Games Holding Company, Inc. (the “Company” or “Multimedia Games”). An emphasis on its employees is not only engrained in the Company culture, but is a major reason behind the Company’s success. Multimedia Games’ investment in its employees can be seen most recently as the Company was named in the Austin American-Statesman’s list of Top Workplaces for 2012.
“Being in Austin helps us draw creative and technology talent that is critical to developing casino games that stand out from our competition,” said Patrick Ramsey, President and CEO of Multimedia Games. “These employees, who are core to everything we do, are a true competitive advantage for us. That is why focusing on our culture and embracing Austin is so critical.”
Founded in 1991, Multimedia Games currently employs 274 Austinites and over 431 people nationwide, having added 74 new employees in 2012. With the Company’s position as an innovator and one of the leading providers of interactive gaming systems, Multimedia Games expects to continue its local growth trend in the year ahead.
Community engagement, and working towards benefiting the Austin community, is also a critical part of Multimedia Games’ culture. Since 2010, Multimedia Games has partnered with local charities to raise awareness for those charities at the Company’s annual picnic for employees and their families. All proceeds from the sale of raffle tickets, t-shirts and concession stand items, along with donations, benefit these charities. For its 2012 annual picnic, the Company and its employees raised more than $5,000 for the Town Lake Animal Shelter and Caritas of Austin, a provider of food, classes and other items for the homeless, the working poor and documented refugees in Travis County. Employees are encouraged to donate their time by volunteering at the Community Kitchen at Caritas of Austin and the Company has supported the Capital Area Food Bank by organizing food drives during the holiday season. Multimedia Games also sponsored the 21st and 22nd Annual Thundercloud Subs Turkey Trot in 2011 and 2012, respectively, with over $265,000 raised in 2011 for Caritas of Austin.
Nominations submitted to the Austin American-Statesman for Top Workplace are compiled by an independent research group, WorkplaceDynamics. The outside firm conducted anonymous surveys on each of the nominee companies, asking employees to rate their employers on matters such as leadership and direction, ethics and values, and how well employees are treated. Following the analysis of the results, WorkplaceDynamics grouped the top employers in categories based on the number of employees.
Mr. Ramsey concluded, “Developing a top workplace is a key priority for everyone at Multimedia Games and we realize it is a continuous process that we have to focus on each and every day. Not only does participation in this process give us recognition for our hard work, it also helps us focus on what we need to do to improve our employee environment and achieve our workplace goals.”
About Multimedia Games Holding Company, Inc.
Through its wholly owned subsidiary, Multimedia Games Holding Company, Inc. (“Multimedia Games”) (Nasdaq: MGAM) develops and distributes gaming technology. The company is a creator and supplier of comprehensive systems, content and electronic gaming units for Native American gaming markets, as well as for commercial casinos and charity and international bingo markets. Revenue is primarily derived from gaming units in operation domestically and internationally installed on revenue-sharing arrangements. Multimedia Games also supplies the central determinant system for the video lottery terminals (“VLTs”) installed at racetracks in the State of New York. The company is focused on pursuing market expansion and new product development for Class II, Class III and VLT markets. Additional information may be found at www.multimediagames.com.
Cautionary Language
This press release contains forward-looking statements based on Multimedia Games' current expectations and projections, which are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "continue", "intend", "plan", "seek", "estimate", project", "may", or the negative or other variations thereof or comparable terminology as they relate to Multimedia Games and its products, plans, and markets are intended to identify such forward-looking statements. All forward-looking statements are based on current expectations and projections of future events.
These forward-looking statements reflect the current views, models, and assumptions of Multimedia Games, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in Multimedia Games' performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of Multimedia Games to maintain strategic alliances; increase its unit placements, installations or installed-base; grow revenue; garner new market share; secure new licenses in new jurisdictions; successfully develop or place proprietary product; comply with regulations; or have its games approved by relevant jurisdictions. Please refer to the Company's most recent Form 10-K and subsequent filings with the Securities and Exchange Commission for a further discussion of risks and uncertainties. All forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. Multimedia Games expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.