he Technology Division’s approval of CJS was one of the first central server based system approvals in the State pursuant to NGCB Regulation 14.040 and the Technical Standards for Gaming Devices, which include the rules governing server based gaming devices.
The field trial for CJS is scheduled to be hosted by two major Las Vegas casino operators over a 60 day period and will include a total of 40 slot machines. Upon successful completion of the field trial and final approval, the Company will be able to immediately commercialize CJS in the state. The CJS technology has been successfully deployed in casinos throughout the world.
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 "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.
"CasinoLink Jackpot Station puts customers in control with a platform-agnostic system solution through which they can link multiple slot machines and self-manage their own progressive jackpot offerings and promotions," said Russel McMeekin, President and CEO of Progressive Gaming International Corporation.
"CJS was initially deployed in North American casinos in the second half of 2006 and since that time has consistently demonstrated its effectiveness in generating increased play on casino-owned slot machines thereby driving higher returns and an improved return on investment for operators that have deployed this exciting technology.
"As a system solution, CJS has an attractive revenue model for Progressive Gaming as for every placement we generate both a one-time installation fee and a recurring daily revenue stream related to hardware and software maintenance. As of March 31, 2007 we had more than 5,500 placements of CJS with a presence in every domestic gaming market in North America outside of Nevada. We expect that commercialization of CJS in the second half of this year in Nevada, the largest slot machine market in the world, will be an important driver in our 2008 sales growth," McMeekin concluded.