Acres Gaming Reports Order for Another MGM MIRAGE Property; MGM Grand on the Las Vegas Strip Is Newest MGM MIRAGE order.Business Editors & Gaming Writers LAS VEGAS--(BUSINESS WIRE)--March 13, 2001 Acres Gaming Inc. (Nasdaq:AGAM AGAM Ambiente Gas Acqua Monza SpA (Italian) ) today announced that it has received a deposit of $1.6 million for an order of Acres Advantage(TM) products on which it expects revenues of $3.4 million. The order is for the MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. Grand on the Las Vegas Strip The Las Vegas Strip (also known as The Strip) is a 4 mi (6.7 km) section of Las Vegas Boulevard South, most of which has been designated an All-American Road. , and follows previous orders for Acres Advantage products for four other MGM MIRAGE MGM Mirage (NYSE: MGM) is a Las Vegas, Nevada-based business engaged in the development, ownership and operation of hotels and casinos throughout the world. The company began operations on May 31, 2000 after the completion of a merger of MGM Grand Inc. and Mirage Resorts, Inc. properties: The Mirage, Treasure Island, Bellagio and the MGM Grand in Detroit. These orders are part of the International Game Technology contract with MGM MIRAGE to install a combined IGT IGT impaired glucose tolerance. and Acres slot accounting, player tracking and bonusing system in up to 11 MGM MIRAGE properties. "We are pleased at the progress we're making with MGM MIRAGE installations. This new order is a credit to the success of the joint efforts of MGM MIRAGE, IGT and Acres' personnel. It is truly a pleasure to see people from all three companies working in concert to complete these installations in an efficient and expeditious ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex manner," stated Bud Glisson, Acres' chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Acres Gaming provides products and services to casinos worldwide, using its proprietary Acres Bonusing Technology(TM) to increase player enjoyment and casino efficiency and profitability. Detailed descriptions of the promotions made available by Acres Bonusing(TM), as well as other products offered by Acres Gaming, are available at the company's Web site, www.acresgaming.com. The company has offices in Las Vegas and Corvallis, Ore. The discussion in this news release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended). Forward-looking statements involve risks and uncertainties and various factors could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements relate to projected revenues. The following factors, among others, could cause actual results to differ from those indicated in the forward-looking statements: the company's suppliers may not be able to meet required delivery schedules for components of the products; the company may not be able to install the products on schedule; the company's products may not operate to the satisfaction of the customer; the systems may not be developed or approved by gaming regulators as planned; as well as the impact of competitive products and pricing, lack of market acceptance, changes in federal or state laws or the administration of such laws; and other risks detailed from time to time in the company's Securities and Exchange Commission reports including the report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended June 30, 2000. Actual results may differ materially from the forward-looking statements. |
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