AUSTIN, Texas--(BUSINESS WIRE)--Multimedia Games Holding Company, Inc. (Nasdaq: MGAM), through its wholly-owned subsidiary, Multimedia Games, Inc. (“Multimedia Games” or “the Company”), a leader in slot tournament systems, announced today the launch of TournEvent Ace™, a new iOS app and related contest that provides players nationwide with a second chance to participate in the first-ever 2013 National TournEvent of Champions® which culminates with a national final in Las Vegas on September 25, 2013. Running through September 5, 2013, TournEvent Ace features the Company’s popular Triple Cheeseburger Deluxe™ slot theme which has been converted to the iOS platform specifically for the contest in partnership with Austin-based Kalani Games.
Subject to applicable rules, players 21 years of age or older can download the specially-designed app onto their iOS-based mobile device – at www.tourneventofchampions.com or from the iTunes Store – to enter the contest after which they will have the opportunity to play each day to earn entries into the nationwide drawing. Two lucky winners will win a five-night trip to Las Vegas (including airfare and accommodations for the winning participant and a guest) and a golden ticket to compete for a share of over $250,000 in prizes at the 2013 National TournEvent of Champions final on September 25, 2013, at Lagasse’s Stadium at The Palazzo.
Patrick Ramsey, President and Chief Executive Officer of Multimedia Games, commented, “Our ongoing nationwide TournEvent of Champions debuted in March to rave reviews and is demonstrating the power of TournEvent to deliver one-of-a-kind entertainment and generate instant floor-wide buzz. Customers are seeing higher floor traffic and increased floor-wide revenue performance, and players are reveling in the chance to compete in Las Vegas later this year for a share of over $250,000 in prizes, including a $100,000 grand prize. With the recent launch of TournEvent Ace, we are now extending the TournEvent of Champions experience to all players who are looking for a second chance to join the party in Las Vegas in September. We believe this new contest will further highlight our award-winning TournEvent solution and prove to be a winner for our customers and players alike.”
The iOS version of Triple Cheeseburger Deluxe offers players a number of ways to earn entries into the TournEvent Ace drawing as they complete up to 30 spins per day. Completing a 30 spin session will earn one entry and the three highest scoring participants each day will receive 100, 50 and 25 entries into the drawing, respectively. Other ways to earn entries include receiving certain winning reel combinations during base game play, playing regularly, playing early or late in the day and building specific burgers in the burger-building bonus. On September 6, 2013, two entries will be randomly selected from all eligible entries to compete in the National TournEvent of Champions final in Las Vegas.
About TournEvent
Multimedia Games’ award-winning TournEvent slot tournament system is currently installed at 170 casinos nationwide, offering industry-leading functionality that has revolutionized the slot tournament experience. The Company’s TournEvent system was named “Best Slot Theme” in the 2012 Southern California Gaming Guide Reader’s Choice Awards and was awarded third place in the “Best Consumer Service Technology” category by Global Gaming Business in its 2012 Gaming & Technology Awards. TournEvent provides players and operators with a dynamic and interactive tournament experience unlike any other. With the TournEvent, casino operators can switch networked gaming machines from in-revenue live status to out-of-revenue tournament status at the touch of a button – eliminating the hassle of chip changes, machine moves, or separate tournament areas. TournEvent 4.0 enables operators to create unique team tournaments for the first time, offering a variety of customizable configurations based on the number of players, mechanics of team advancement, rankings, and tournament prize awards.
To find out more about the 2013 National TournEvent of Champions, to see a list of participating casinos nationwide and to learn more about TournEvent Ace, visit www.tourneventofchampions.com or follow the tournament on Facebook and Twitter. A complete list of contest rules may be found at http://www.tourneventofchampions.com/ntocrules.html.
About Kalani Games, Inc.
Kalani Games is a game studio in Austin, Texas. Founded by industry veteran, Kalani Streicher, Kalani Games develops games and pushes the boundaries of original and new game design for mobile, social and online platforms. For additional information, visit www.kalanigames.com.
About Multimedia Games Holding Company, Inc.
Through its wholly owned subsidiary, Multimedia Games Holding Company, Inc. (“Multimedia Games”) 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 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.
