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 14 th 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.
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.