CDS Receives Final Approval for Jackpot Bingo; Newest Multi-Site Progressive Link to Go Live in Nevada Casinos.Business Editors LAS VEGAS--(BUSINESS WIRE)--Aug. 9, 2000 Casino Data Systems (Nasdaq:CSDS CSDS Cluster Science Data System CSDS Center for Secure and Dependable Systems CSDS Center for the Study of Democratic Societies CSDS Cardiovascular System Dynamics Society CSDS Cache Satellite Distribution System CSDS Control Speed Drive Starter ) today announced that the Company has received formal approval from the Nevada Gaming Control Board The Nevada Gaming Control Board, also known as the State Gaming Control Board, is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Commission. It was founded in 1955 by the Nevada Legislature. for its newest 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. ) jackpot system--Jackpot Bingo(TM). This approval will allow the Company to commercialize its newest video slot progressive link in casinos throughout the state of Nevada. Jackpot Bingo is a multimedia slot machine that enables players throughout a state or gaming jurisdiction to compete for two large progressive jackpots. The game is based on CDS' popular Bandit bandit: see brigandage. (TM) Series multimedia technology and includes a high-paying bingo card Bingo cards are used to play various bingo games, including U.S. style bingo and UK style Housie. Cards are usually made of cardboard or non-reusable paper, but more and more bingo halls are beginning to use computerized cards. bonus round as well as an exciting five-reel 15-line base game that gives players more ways to win. "We are delighted by the Nevada approval of Jackpot Bingo," said Dave Lucchese, V.P. of Games and Gaming for Casino Data Systems. "Since its launch, our Bingo family of slot machines has been a favorite with players. The customer response to this product has been very enthusiastic and we are excited about the placement of Jackpot Bingo in Nevada casinos." "This is a milestone event for Casino Data Systems," said Steven A. Weiss, Chairman of the Board and Chief Executive Officer. "This is the first game offered exclusively by CDS that provides recurring revenues and utilizes our industry-leading Bandit technology. Jackpot Bingo demonstrates our Company's commitment to once again be a leader in recurring revenue gaming." Casino Data Systems is a leading designer, operator, manufacturer, and distributor of innovative, technology-driven products for the gaming industry. The Company's diversified product line reaches into virtually all facets of the casino floor including casino management systems, multi-site progressive jackpot systems, slot machines, and casino signs and display systems. For more information, visit the Company's Web site at www.csds.com Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. (statements which are not historical fact) in this release are made pursuant to the 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. provisions of 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. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including the following: changes in economic conditions, general competitive factors, the Company's ability to execute its service and product sales plans and uncertainties detailed in the company's filings with the Securities and Exchange Commission. |
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