Beau Rivage Ready for Acres Upgrade; Biloxi, Mississippi, Resort Is Latest MGM MIRAGE Order.Business Editors & Gaming Writers LAS VEGAS--(BUSINESS WIRE)--Feb. 8, 2002 Acres Gaming Incorporated (Nasdaq:AGAM AGAM Ambiente Gas Acqua Monza SpA (Italian) ), the leader in Bonusing(TM) technology for the gaming industry, today announced that it has received a deposit for another order from 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. (NYSE NYSE See: New York Stock Exchange :MGG MGG Musik in Geschichte und Gegenwart (German: Music in History and Presence; musical encyclopedia) MGG Molecular and General Genetics (journal) MGG MGM Mirage, Inc. ). The order, for the Beau Rivage The Beau Rivage is a waterfront casino in Biloxi, Mississippi, USA. It is owned and operated by MGM Mirage. Beau Rivage was rebuilt and re-opened a year after Hurricane Katrina (see details below). The Beau Rivage hotel is currently the tallest building in Mississippi. Resort and Casino in Biloxi, Mississippi, is for an Acres Advantage(TM) system upgrade with expected revenues of approximately $1 million. This order follows previous Acres' slot system orders for six other MGM MIRAGE properties: Bellagio, 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-Las Vegas, The Mirage, New York-New York, Treasure Island, and the MGM Grand-Detroit, all of which have now been installed. Also previously announced was an order from MGM MIRAGE for a custom version of Acres' patron management application for all of its properties. This software will be a core element of the MGM MIRAGE Customer Relationship Management initiative, scheduled to commence later this year. "Beau Rivage opened with Acres Bonusing(TM) and IGT's IGS IGS - Internet Go Server. slot system in 1999," explained Reed Alewel, Acres Senior Vice President of Sales. "This upgrade, done in cooperation with IGT IGT impaired glucose tolerance. , includes Acres' newest game hardware and slot management software applications that will immediately provide the same enhanced functionality and ease of use being enjoyed by the other MGM MIRAGE properties using Acres' slot system." 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, Nevada and Corvallis, Oregon. The discussion in this press 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 and orders for additional products. 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 SEC 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, 2001. Actual results may differ materially from the forward-looking statements. |
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