WMS Gaming Inc., a subsidiary of WMS Industries Inc. (NYSE:WMS), announced today that its Gamefield xD gaming machine, equipped with the newest and most powerful WMS operating system, was recently approved by Gaming Laboratories International ( GLI) for use in markets supported by GLI, including Native American tribal casinos and various Midwestern riverboat casino markets. The Gamefield xD gaming machine engages slot players in a manner never before experienced on the casino floor through a unique field of view driven by spectacular high-definition graphics and enhanced performance characteristics enabled by the Company’s robust new third-generation CPU-NXT®3 operating platform. The Gamefield xD gaming machine will be introduced with two all-new premium participation games in the popular THE WIZARD OF OZ series during the March 2013 quarter.
The Gamefield xD cabinet’s ground-breaking design with dual 32-inch high-definition screens, including a vertical screen and full horizontal touch screen that forms the primary play field, creates a stunning game sightline never before offered on a casino floor. This innovative cabinet, designed specifically for participation games, creates an entirely new form factor with a visual perspective that grabs players’ attention before and during play and delivers new game play options that enrich the gaming entertainment experience.
“Our product development focus is aimed at creating unique, entertaining experiences for slot players and high value products for casino operators. Through a combination of visually immersive field of play, imaginative gaming content and differentiated gaming features, the advanced Gamefield xD gaming machine is expected to deliver on all levels,” said Ken Lochiatto, President and Chief Operating Officer of WMS Gaming. “Casino operators have expressed tremendous enthusiasm and interest in this new participation product and we expect the introduction of the new Gamefield xD platform, featuring two new games from one of our most popular slot series, will add momentum to our installed participation footprint expansion and help drive additional revenue growth in this important category.”
THE WIZARD OF OZ Haunted Forest™ and THE WIZARD OF OZ Emerald City™ on the Gamefield xD cabinet are the next-generation games in the player popular THE WIZARD OF OZ series. Both themes take full advantage of the more robust gaming characteristics enabled by the CPU-NXT3 operating platform and the visual exhilaration of the Gamefield xD cabinet, with thrilling wheel-based bonus selections and unique Glinda the Good Witch™ and Winged Monkey™ features unlike anything players can find elsewhere on a slot floor.About WMS WMS serves the gaming industry worldwide by designing, manufacturing and marketing games, video and mechanical reel-spinning gaming machines, video lottery terminals and in gaming operations, which consists of the placement of leased participation gaming machines in legal gaming venues. The Company also develops and markets digital gaming content, products, services and end-to-end solutions that address global online wagering and play-for-fun social, casual and mobile gaming opportunities. WMS is proactively addressing the next stage of casino gaming floor evolution with its WAGE-NET® networked gaming solution, a suite of systems technologies and applications designed to increase customers’ revenue generating capabilities and operational efficiency. More information on WMS can be found at www.wms.com or visit the Company on Facebook®, Twitter® or YouTube®. About Gaming Laboratories International For nearly 25 years, Gaming Laboratories International, LLC has been the world leader in providing independent testing, inspection and certification services to the gaming, wagering and lottery industry. GLI also offers independent network and information security assessments to its regulatory, lottery and supplier clients. With 20 laboratory locations located across Africa, Asia, Australia, the Caribbean, Europe, North America and South America, GLI is the only global organization of its kind to hold U.S. and international accreditations for compliance with ISO/IEC 17025, 17020 and guide 65 standards for technical competence in the gaming, wagering and lottery industries. For more information, visit www.gaminglabs.com. THE WIZARD OF OZ and all related characters and elements are trademarks of and © Turner Entertainment Co.(s12) This press release contains forward-looking statements concerning our future business performance, strategy, outlook, plans, products and liquidity. Forward-looking statements may be typically identified by such words as “may,” “will,” “should,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” and “intend,” among others. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, any or all of our forward-looking statements may prove to be incorrect. Consequently, no forward-looking statements may be guaranteed. We undertake no obligation to update such forward looking statements, all of which are made only as of this date, November 29, 2012. Factors that could cause our actual results to differ from expectations include (1) delay or refusal by regulators to approve our new gaming platforms, cabinet designs, game themes and related hardware and software; (2) changes in regulations or regulatory interpretations that may adversely affect existing product placements or future placements; (3) an inability to introduce in a timely manner new games and gaming machines that achieve and maintain market acceptance; (4) a decrease in the desire of casino customers to upgrade gaming machines or allot floor space to leased or participation games, resulting in reduced demand for our products; (5) a reduction in capital spending or interruption in payments by casino customers associated with business weakness or economic uncertainty that adversely affects our customers' ability to make purchases or pay; (6) a greater-than-expected demand for operating leases by customers over outright product sales or sales financing leases that shift revenue recognition from a single period to the term of such operating leases; (7) future costs to restructure our business and other charges that may be higher than currently estimated, including additional charges related to actions at a later time not presently contemplated; (8) ability to realize in full, or part, the anticipated savings and expense reductions from restructuring and lower staffing; (9) adverse affects on product development, innovation and the ability to retain and attract key personnel following the restructuring and reorganization actions taken in fiscal 2011 and 2012; (10) a reduction in play levels of our participation games by casino patrons, whether due to economic conditions or increased placements of competitive product; (11) inability of suppliers of key components to timely meet our requirements to fulfill customer orders; (12) increased pricing or promotional competitive activity that adversely affects our average selling price or product revenues; (13) a failure to obtain and maintain our gaming licenses and regulatory approvals; (14) failure of customers or players to adapt to the new technologies that we introduce in new product concepts; (15) a software anomaly or fraudulent manipulation of our gaming machines and software; (16) a failure to obtain the right to use or an inability to adapt to rapid development of new technologies; (17) an infringement claim seeking to restrict our use of material technologies; (18) risks of doing business in international markets, including political and economic instability, terrorist activity, changes in importation and repatriation regulations such as currently experienced in Argentina, and foreign currency fluctuations; and (19) the unfavorable outcome of any legal proceedings in which we may be involved from time to time. These factors and other factors that could cause actual results to differ from expectations are more fully described under “Item 1. Business”, “Item 1A. Risk Factors” and “Legal Proceedings” in our Annual Report on Form 10-K for the year ended June 30, 2012, and our more recent reports filed with the U.S. Securities and Exchange Commission.
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