Progressive Gaming provides update on CJS field trial and refinancing
In addition, Progressive Gaming reiterated that the company intends to refinance the us$ 30 million in 11.875% Senior Secured Notes due in August 2008 by July 2008 and is actively evaluating specific refinancing alternatives.
CJS is a comprehensive, robust and proprietary hardware and software solution for centralizing/linking regular and mystery progressive jackpots. With CJS, casino operators can centralize control of progressive and mystery jackpots for their owned slot machines and generate related media displays.
Among other things, operators can manage the frequency and size of progressive jackpots as well as the way in which “wins” are celebrated on the slot floor. CJS allows casinos to create individual banks of mystery progressives or progressive themed areas of their slot floor, link games for floor-wide bonusing and link thousands of games allowing for expanded jackpots and bonusing across multiple properties.
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