TournEvent® Of Champions™, First-Ever Statewide Slot Tournament, Launched At 11 California Casinos

Multimedia Games, Inc. (“Multimedia Games”), a leading provider of slot tournament systems, has launched TournEvent® of Champions™, a first-of-its-kind statewide slot tournament at 11 casinos in California. The competition will bring together slot players from participating casino properties across California and is powered by Multimedia Games’ award-winning TournEvent® slot tournament system. Final qualifying rounds at the participating casinos (see full list below) are scheduled between March 3 and April 14, with 13 players moving on to the final championship round. The contest will culminate with a championship round on May 27, 2012 on board Celebrity Cruises’ Millennium Wine Tour Cruise.

The final qualifying rounds follow multiple pre-qualifying rounds at the participating casinos, which began in January and whittled down thousands of contestants to the approximately 300 top contenders at each property. The 13 championship round participants will be awarded a 5-night cruise on board Celebrity’s Millennium Wine Tour Cruise from San Diego to Vancouver, departing May 27, 2012, including associated accommodations, roundtrip airfare and a $200 on-ship casino credit for themselves and one guest. Aboard the ship, one winner will be crowned champion during the TournEvent of Champions championship round. The grand prize winner will walk away with statewide bragging rights and $20,000. A second place prize of $3,000 and third place prize of $2,000 will also be awarded during the championship round.

“Through unprecedented collaboration between Multimedia Games, participating casino properties and Celebrity Cruises, we are creating an entirely new experience for slot players,” said Patrick Ramsey, Multimedia Games’ President and Chief Executive Officer. “We believe the universal enthusiasm and excitement demonstrated by the thousands of early round players is indicative of the response TournEvent of Champions competitions can generate in other regions. Given the broad geographic range of our TournEvent system installations to date, and our expectations for continued growth in the number of casinos featuring TournEvent, we are very excited about the potential for future state-wide and larger scale tournaments.”

Participating Casinos and Final Qualifying Event Dates:
   
Thunder Valley Casino Resort       3/3      
Colusa Casino Resort 3/10 2-7PM
Jackson Rancheria Casino & Hotel 3/10 & 3/11 11AM-3PM & 1-6PM
Spa Resort Casino 3/16 & 3/17 4PM-11PM & 10AM-8PM
Eagle Mountain Casino 3/17 10AM-3PM
Agua Caliente Casino Resort 3/23 & 3/24 4PM-9PM & 9AM-11PM
Rolling Hills Casino 3/25 2-7PM
Tachi Palace Hotel & Casino 3/28 5-9PM
Valley View Casino & Hotel 3/31 5-9PM
Quechan Casino Resort 4/1 10AM-3PM
Sycuan Casino 4/14 9AM-5PM
 

The first of the final qualifying rounds in the state was recently held at the Thunder Valley Casino Resort. Commenting on the excitement at Thunder Valley Casino Resort, Jay Duarte, Vice President of Slot Operations, said, “The air of anticipation leading up to our qualifying event, the players’ excitement during play and the celebration for the winner created an entirely new and unique experience for a slot tournament compared to similar events we have held before. Leveraging the ease of use and the entertainment value of the TournEvent system across a statewide competition is a win/win solution for Thunder Valley Casino and our loyal guests as well as for slot players across California.”

About TournEvent

Multimedia Games’ award-winning TournEvent slot tournament system is currently installed at 62 casinos across the country, offering industry-leading functionality that has helped revolutionize slot tournaments. Named one of Casino Enterprise Management’s “Top Slot Floor Technology Products” in 2010 and 2011 and recognized by Global Gaming Business as a “Best Consumer Technology” in 2010 (3 rd place) and 2011 (Honorable Mention), TournEvent provides players and operators with a dynamic and interactive tournament experience unlike any other. With the TournEvent system, casino operators can switch networked slot 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 3.0 enhances the player's tournament experience and gives operators more options to facilitate and personalize their tournaments with a variety of options including a player dashboard that displays real-time picture-in-picture video of the top five players, the player’s name and position in the tournament and the time remaining; the interactive Pop-N-Win™ feature; and, an automated emcee, The Money Man®.

To find out more about TournEvent of Champions and the participating California casino properties, visit www.tourneventofchampions.com or follow the tournament on Facebook and Twitter.

About Multimedia Games Holding Company, Inc.

Through its wholly owned subsidiaries, Multimedia Games Holding Company, Inc. (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", "will", "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, unit placements or installations, 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. Other important risks and uncertainties that may affect the Company's business are detailed from time to time in the "Certain Risks" and "Risk Factors" sections of Multimedia Games' Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and elsewhere in Multimedia Games' filings with the Securities and Exchange Commission. 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.

Copyright Business Wire 2010

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