AUSTIN, Texas & LAS VEGAS--(BUSINESS WIRE)--Multimedia Games Holding Company, Inc. (Nasdaq: MGAM) (“Multimedia Games” or the “Company”) will bring its largest-ever, and most diverse display of new products, including 100 unique new games and three larger-than-life new cabinet designs, to the 14th annual Global Gaming Expo (G2E®) at the Sands Expo & Convention Center (Booth #1165) in Las Vegas, Nevada, from September 30-October 2, 2014. In addition to the highly anticipated debut of the fully-integrated Platinum MPX™ and The Texan HDX™ which takes the Company’s highly differentiated video gaming content to a whole new level at G2E 2014, Multimedia Games will also host the championship round of its unique 2014 National TournEvent of Champions® which will conclude on Wednesday night (October 1) at XS Nightclub at Wynn/Encore Las Vegas with players competing for a share of $500,000 in cash prizes.
“Our G2E 2014 product line-up will showcase the creative spirit of the entire Austin-based Multimedia Games team while clearly highlighting our ability to deliver our brand of differentiated gaming entertainment to our customers,” said Patrick Ramsey, Chief Executive Officer of Multimedia Games. “We are excited to show customers our most extensive lineup of new products, including 100 unique games, three new cabinet platforms and further updates to our award-winning TournEvent® slot tournament product. In particular, our new cabinets are set to grab players’ attention, bringing an all-new Multimedia Games entertainment experience to casino slot floors. The Platinum MPX is now making its initial debut on casino floors, and at G2E we will roll out exciting new game themes for this immersive gaming cabinet, including Dracula™, which we believe highlights the supreme talent and unique imagination of our design teams. The Texan HDX, our new unique for-sale or premium participation cabinet, is an eight-foot tall cabinet straight out of the heart of Texas, which we expect will take our growing library of video content to the next level thanks to its twin 42-inch widescreen LCD panels and two-person bench seating. And, our Skyline™ series of games elevates the mechanical reel gaming experience by marrying classic slot game styling with interactive lighting and an eye-catching top box.
“Importantly, we are bringing to the Sands Convention & Expo Center a suite of new products that will almost immediately be available to generate returns for our customers’ businesses. The first games on the Skyline and Platinum MPX platforms are appearing on slot floors today while The Texan HDX is expected to launch within the next quarter. In addition, 33 of the 100 new titles on display at G2E 2014 will be available in the next six months, as we have successfully ramped up our ability to create and commercialize new titles. We believe that current and potential customers will clearly see that G2E 2014 is our biggest show ever and expect to show all attendees how to PLAY LOUDER®.”
2014 National TournEvent of Champions Concludes; 2015 will Feature the Million Dollar Event
Multimedia Games’ fast-growing National TournEvent of Champions will again take center stage at G2E 2014 as the year’s nationwide search for the country’s best slot tournament player comes to a close on the evening of October 1. Thanks to the tireless efforts of the TournEvent of Champions team – led by The Money Man® – two busses crisscrossed the nation, covering 50,000 miles and visiting 103 casinos in 23 states. These stops attracted over 220,000 TournEvent players in semi-final and in-casino final events, ultimately identifying the 123 finalists who will battle at XS Nightclub at the Wynn/Encore Las Vegas Resort for a share of $500,000 in cash prizes (including a $200,000 top prize) and the title of National Champion.
The National TournEvent of Champions is powered by the Company’s award-winning TournEvent slot tournament system, deployed in over 250 casinos nationwide with over 4,000 gaming units as of June 30, 2014. Featuring overhead leaderboards and in-cabinet cameras, TournEvent ramps up the slot floor excitement, as players can see their name and face on the big screen. Multimedia Games’ TournEvent system is available with 14 tournament game titles including an array of seasonal titles that can entertain players all year long, provides one-click conversion from in-revenue operation to out-of-revenue tournaments, offers single round and multi-round events, and delivers a number of fresh and exciting interactive games. At G2E 2014, the Company will also debut a new configuration for TournEvent that is perfect for smaller locations, featuring a circular layout with accent light dividers and bases along with an eye-catching, rotating 55-inch overhead sign.
Looking forward to 2015, Multimedia Games will take its National TournEvent of Champions to the next level as it kicks off the 2015 Million Dollar Event, which will award $1.3 million in cash prizes including a $1 million grand prize. Next year’s search for the ultimate slot champion will take the 2015 National TournEvent of Champions to more casinos, more players and more states in a year-long celebration that will culminate in October 2015 with a larger competition and celebration offering more excitement for casinos and their slot players.
Platinum MPX Cabinet Now Delivering Premium Entertainment
Following recent initial placements and a strong preview showing at last year’s G2E, Platinum MPX officially debuts at G2E 2014 with a range of exciting content. The Company’s newest premium participation platform, Platinum MPX offers a completely new gaming entertainment experience thanks to a large 40-inch 1080p high definition LCD display and specifically-designed games that fully complement the capabilities of this new cabinet. The Platinum MPX cabinet offers a touchscreen, fully-customizable button panel, runway lighting integrated with the game play to complement the high quality visuals, and six custom speakers, two of which are embedded in the interactive sound chair with Earthquake Shakers™ technology.
New games on display for the Platinum MPX cabinet at G2E 2014 include:
- Dracula – Beautifully rendered artwork brings a modern take to a classic tale in Multimedia Games’ newest standout game. In the showcase three-stage Dracula Bonus, players get a number of picks per stage – including bats, wolves and coffins – with each stage ending in a spin of the wheel. Players pick an object to reveal Dracula (awarding an increased jackpot tier), a Bride of Dracula (boosting credit prizes on the wheel), or a “Spin” symbol (triggers the wheel to spin at the current level). As players enter the Vampire Hunter Free Spin bonus, they select a theme symbol which turns into a vampire wild symbol and is staked to a reel position, remaining in place until it is part of a winning combination at which point it turns to dust and disappears.
- The Valkyries™ – Based on the Norse mythological figures, The Valkyries boosts players’ winning powers through its five-tier linked progressive feature, with the top tier awarded when 14 Jackpot symbols land. The highlight Expanding Reels bonus is triggered as a Valkyrie sends lightning bolts to start the expanding reels, growing up to four additional rows with ten additional paylines per row for a total of 80 paylines. In this exciting bonus, players can win a variety of prizes including progressive jackpots or free spins.
Skyline Cabinet Amplifies the Mechanical Reel Experience
Multimedia Games’ new for-sale or premium participation Skyline series enhances the traditional look and feel of the Company’s Player Classic three-reel mechanical reel cabinet with a vintage-inspired bezel, completely reinventing the mechanical reel gaming experience and attracting players thanks to its powerful visuals. Standing nearly seven feet tall, the Skyline cabinet features unique game controlled lighting which completely surrounds a vertically-oriented 24-inch LCD display, supporting multiple tier progressive configurations and allowing for greater game flexibility.
Skyline will debut at G2E 2014 with four new games – Ultra Mega Meltdown™, Canary Diamonds™, Glitter Gulch Jackpots™ and Double Jackpot Gems™ – which represent the first in a series of games that will be released regularly and are specifically designed to take full advantage of the visually striking top box. As the latest addition to the Company’s Mega Meltdown® family of games, Ultra Mega Meltdown is an electrifying game that features ten progressive tiers and amplifies the visual excitement created by the eye-catching Skyline top box. Players’ winnings become shocking as winning combinations, including the Ultra Mega Meltdown symbol, land on the reels to award progressive prizes up to 10,000 credits. Canary Diamonds features six progressive tiers, which are awarded when four or more carats of Canary Diamonds land scattered on the reels, with nine carats awarding the top progressive prize.
The Texan HDX – Everything’s Bigger in Texas
Multimedia Games’ Austin, Texas, heritage is on full display with The Texan HDX cabinet which literally takes the Company’s portfolio of video slot content to the next level by bringing the classic look of the Player HD cabinet to a visually stunning jumbo footprint. Offering “everything’s bigger in Texas” size, The Texan HDX is the industry’s largest single slot cabinet, standing over eight feet tall and packing dual 42-inch widescreen LCD displays. The Texan HDX features two-person bench seating allowing for side-by-side game play. Available to casino operators as a premium participation cabinet or a for-sale cabinet, The Texan HDX can feature all of Multimedia Games’ video slot content and leverage its dramatic footprint to significantly expand the player experience.
Ramsey added, “Our new Platinum MPX and The Texan HDX cabinets demonstrate Multimedia Games’ PLAY LOUDER philosophy and our focus on providing a fun, unique, player-focused gaming experience. The Platinum MPX is our first fully-integrated slot cabinet and sound chair, and we believe that players will be drawn to the incredible visual and audio elements developed by our creative teams. The Texan HDX is truly unique for casino slot floors as its jumbo size and engaging game content will stand out and demand from players.”
High Rise Games Library Continues to Expand
Building on the success of the Company’s High Rise Games series of premium participation games, which are today available in over 290 casinos nationwide with more than 1,900 total units deployed (at June 30, 2014), Multimedia Games will debut six new titles at G2E 2014 to bring its current High Rise Games library to 19 titles. New games on display will include The Money Man Big Cash Spin™ and Super Jackpot Wheel™. As the star of the Company’s wildly successful TournEvent slot tournament experience, The Money Man is the main attraction in The Money Man Big Cash Spin which features a number of exciting new bonus rounds, including the Big Cash Spin Bonus which asks players to press the ‘PLAY’ button to spin the wheel and win either 25-250 credits times the current bet per line or one of the ever-growing progressive jackpot prizes. In Super Jackpot Wheel, the Company debuts its first-ever wheel feature for the High Rise cabinet, letting players take their winnings for a whirl. The Super Jackpot Wheel Bonus introduces four prize wheels – Mini, Minor, Major and Mega – with the bonus prizes increasing as player advance from wheel to wheel.
Mr. Ramsey concluded, “Our team has worked non-stop to create great games, attractive cabinets and a unique nationwide event that demonstrates our commitment to our customers and their players. Multimedia Games’ newest offerings, on display at G2E 2014, deliver on our promise of offering slot players an unmatched entertainment experience, while providing operators with an attractive return on their investment. We are bringing to G2E more games and more cabinets than ever before and are excited to offer a new variety of premium participation products that will further enhance the Company’s ongoing partnership with our customers.”
Product names mentioned in this release are trademarks of Multimedia Games and/or its wholly owned subsidiary, except for “G2E,” which is a registered trademark of the American Gaming Association and Reed Elsevier Inc.
About Multimedia Games Holding Company, Inc.
Through its wholly owned subsidiary, Multimedia Games, Inc., 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 and commercial casinos. Revenue is derived from gaming units in operation on revenue-sharing arrangements as well as from the sale of gaming units and systems that feature proprietary game content and game themes licensed from others. 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 commercial and tribal casinos and VLT markets. Please visit www.multimediagames.com, twitter.com/MultimediaGames or facebook.com/MultimediaGames, where Multimedia Games discloses important information about the company, its sales, and its business.
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”, “should”, 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. These forward-looking statements include, but are not limited to, expectations regarding our future installed base and win per day; expectations regarding our financial performance and financial flexibility; expectations regarding the success of the pending PokerTek, Inc. acquisition and its effect on company performance; expectations regarding customer’s preferences and demands for future gaming offerings; expectations regarding our product portfolio; expectations regarding shareholder value; expectations regarding market entry and expansion; expectations regarding tax rates; expectations regarding the share repurchase program; management’s plans and objectives for future operations; expectations regarding future investments; expenditures and product development; business prospects; anticipated sales performance; industry trends; market conditions; and other statements that are not historical facts. 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 increase its future installed base and win per day; improve its financial performance and financial flexibility; successfully complete the acquisition of PokerTek, Inc. and integrate the new company into the company’s existing business; successfully implement its product portfolio; increase shareholder value; successfully enter new markets and expand in current markets; grow its revenue, gaming operations or game sales businesses; garner new market share; secure new licenses and game approvals in new and current jurisdictions; successfully develop or place proprietary product such as premium games and the TournEvent slot tournament system; comply with regulations; have its games met with approval by customers or players; or repurchase shares of its common stock. 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.
