CASH EXPRESS Progressive Jackpot System From Aristocrat Approved for Nevada.
LAS VEGAS--(BUSINESS WIRE)--Jan. 21, 2002
Aristocrat Technologies, Inc. announced today it has received approval from Nevada gaming regulators for its CASH EXPRESS(R) progressive jackpot A progressive jackpot is a jackpot (highest payoff) for a gaming machine (usually a slot machine or video poker machine) where the value of the jackpot increases a small amount for every game played. system. Utilizing the company's patented HYPERLINK(TM) technology, the CASH EXPRESS(R) system awards one of four progressive jackpots based on the outcome of a unique interactive second screen bonus. The regulatory approval clears the way for CASH EXPRESS(R) installations to begin in Nevada.
"We are pleased to pass this final regulatory milestone as there is quite a lot of excitement from Strip and local casinos for this innovation in progressive jackpots," said Mark Newburg, President of Aristocrat Technologies. "Recent developments not only here in Nevada but across the country demonstrate a growing acceptance and popularity that mirrors the positive response CASH EXPRESS(R) received when introduced in other global markets."
Previously, the company announced an agreement with Harrah's Entertainment Harrah's Entertainment, Inc. (NYSE: HET) is a gaming corporation that owns and operates casinos, hotels, and six golf courses under several brands. The company, based in Las Vegas, Nevada, is the largest gaming company in the world, with yearly revenues around $7.11 billion. , Inc. (NYSE NYSE
See: New York Stock Exchange :HET) to install up to 25 CASH EXPRESS(R) systems in Harrah's casinos. The system also has been approved by Gaming Laboratories International, Inc. (GLI GLI Glider
GLI Greater Louisville Inc. (Metro Chamber of Commerce in Louisville, KY)
GLI Global Imager
GLI Great Lakes Invitational (college hockey tournament)
GLI Great Lakes Water Quality Initiative ) and since has been installed in casinos accepting GLI approval, including Native American operations in Arizona and California.
The HYPERLINK(TM) technology links banks of Aristocrat video games See video game console. to a common progressive game with four levels of jackpots. A unique random trigger continuously cycles and selects individual games to enter an interactive second screen bonus. The second screen feature game technology is globally patented. The HYPERLINK(TM) technology has proven very successful in other international markets with some casinos installing the system on 30 to 40 percent of their games. Player feedback indicates that the appeal is the opportunity to win a major jackpot that is not out of the reach for the average player. Players are also drawn to the games based on the frequency of jackpots, which create interest and play.
In the CASH EXPRESS(R) version, as appropriate for its name, the common HYPERLINK(TM) progressive game and bonus round features the sights and sounds of a train theme. At the sound of a stationmaster's whistle, a lucky player is transported into the second screen bonus, complete with digital sound and 3-D graphics. The player touches a button to stop each of five reels, which reveals individual numbers. The numbers are added together to accumulate a score and the score determines which of the four levels of jackpots are won. Once in the bonus round, a player is guaranteed to win one of the four progressive jackpots. These can range from a start-up of $20 to a grand jackpot at $40,000.
Aristocrat Technologies, Inc., the U.S. subsidiary of global gaming leader Aristocrat Leisure Limited, is responsible for all North and South American operations 'South American' operation Surgical oncology A radical operation for 'frozen' pelvis, which consists of en bloc resection of the uterus and rectum. See Frozen pelvis. Cf 'All-American' and 'North American' operations. from its headquarters in Las Vegas, Nev. With its acquisition of Casino Data Systems in June 2001, Aristocrat now offers a diversified product line that reaches into virtually all facets of the casino floor. In addition to both video and stepper step·per
1. One that steps, especially in a fast or spirited manner.
2. Informal A dancer.
Noun 1. slots, the company provides casino management systems, multi-site progressive (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) systems, progressive jackpot meters and customized overhead sign packages.
From its worldwide headquarters in Sydney, Australia, Aristocrat pioneered the gaming industry move to video slot technology. Today, the company employs more than 2,200 people across the globe and draws annual revenues in excess of AUD AUD
In currencies, this is the abbreviation for the Australian Dollar.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $540 million. For further information, visit www.aristocrattechnologies.com.
CASH EXPRESS(R) and HYPERLINK(TM) are trademarks of Aristocrat Technologies, Inc.
Statements in this release which are not historical facts are "forward looking" statements and "safe harbor Safe Harbor
1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involve risks and/or uncertainties, including risks and/or uncertainties as described in the Company's public filings.