oday’s action by the Mississippi Gaming Commission is the first stage in the process to allow Multimedia Games to sell slot machines to, or place them on a revenue share basis in, commercial casinos in the State of Mississippi. The license is Multimedia Games’ first ever for a major commercial casino market and reflects the progress the company is making in expanding its licensed gaming jurisdictions.
The license allows Multimedia Games to submit its Class III units to the Mississippi Gaming Commission Laboratory for evaluation and approval. The company expects to submit several high-performing video reel titles to the Mississippi Gaming Commission Laboratory for evaluation in calendar 2010. Subject to approval of its Class III units by the Mississippi Gaming Commission Laboratory, Multimedia Games expects to offer its first for sale slot machines in the State in mid-calendar 2010.
Anthony Sanfilippo, President and CEO of Multimedia Games, commented, “We are grateful to the Mississippi Gaming Commission and its staff for the timely diligence in processing our license application. Securing this license represents a significant milestone in our efforts to expand the market presence of Multimedia Games. Over the last 18 months we have implemented key changes to the organization, including a centralized approach to new licensing efforts. Including the Mississippi license, Multimedia Games has now been granted 19 new licenses since implementing our new market licensing initiatives, representing an increase of over 40% in the number of licenses held by the Company since we began this effort. With an additional 11 licenses currently under review by regulatory agencies, the pipeline of markets where we can conduct business is poised to grow significantly over the next few years.”
He then added: “Concurrent with our efforts to be licensed in commercial casino markets, Multimedia Games has made significant advances in our game development process and the Class III titles we plan to submit to the Mississippi Gaming Commission Laboratory next year for review – including Meltdown Core Reaction, Jambalaya Jackpot, Queen of the Desert, Ernestine's Ringy Dingy Reels and Sport of Kings – reflect the progress we have made in growing our portfolio of slot products with intuitive play features that offer high levels of entertainment and which generate an emotional connection with players.”
“In addition, our sales and marketing teams now include several gaming industry executives with broad industry relationships. Given the processes and team we have built, the Mississippi license represents important progress toward our goal of placing Class III games in commercial casinos. We are confident that our games will deliver high levels of entertainment and excitement for players and high performance for casino operators,” he concluded.