Key Developments For Multimedia Games, Inc.
Multimedia Games, Inc. (MGAM.O) (Nasdaq)
Multimedia Games Inc. Extends Class III Product Rollout Success With New Player Terminals And Currency System Placement at Northern Quest Resort & Casino in Spokane, WA
Multimedia Games Inc. announced that it has sold to the Kalispel Tribe of Indians in Washington State 200 electronic Class III player terminals for placement at the tribe`s Northern Quest Resort & Casino (Northern Quest Casino) in Spokane, WA and that its Class III Unified Currency System (UCS) recently went live at the property. Multimedia Games recently installed 126 new player terminals at the Northern Quest Casino and plans to install an additional 74 units in early calendar 2010. The new player terminals installed at Northern Quest feature a broad mix of Multimedia Games` market-proven Class III titles including Jambalaya Jackpot, Meltdown Core Reaction, Meltdown Accelerator and Queen of the Desert, all in the Company`s increasingly popular Player HD gaming cabinet.
Multimedia Games Inc. Extends Class III Expansion Success With Casino Commander Tournament System Placements
Multimedia Games Inc. announced that it has secured an agreement to install the Casino Commander system at the Chumash Casino Resort in California next month. Chumash Casino Resort selected Multimedia's slot tournament system following a review of competitive products from two other gaming equipment suppliers.
Multimedia Games Inc. Announces Seven Year Contract Extension From New York Lottery
Multimedia Games Inc. announced that the New York Lottery (the Lottery) has awarded the Company a seven year contract extension (through December 31, 2017) for the operation of the central determinant system for video lottery terminals (VLTs) throughout the state.
Multimedia Games Inc. Announces Reduction In Headcount
Multimedia Games Inc. announced a re-alignment of its organizational structure through a headcount reduction and the establishment of new game development studios. In total, the Company reduced full-time employee staffing by approximately 16%, positioning the Company to exceed target of reducing annual general and administrative expenses by $5 million while aggressively moving forward with our plans for market expansion and gaming equipment sales. By right-sizing the organization and putting in place a more efficient game and system development organizational structure centered around four specifically tasked studios focused on quality product development.
Multimedia Games Inc. Names Adam Chibib As Chief Financial Officer
Multimedia Games Inc. announced that Adam D. Chibib, has been named Chief Financial Officer, effective February 10, subject to required regulatory approvals.
