Progressive Gaming International and Harrah's Team Up to Offer New Server-Based Game: The World Series of Poker(R) "Peer to Peer" Texas Hold'em System for Both Wired and Wireless Formats in All Regulated Gaming Venues Worldwide.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Progressive Gaming International Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PGIC PGIC Pacific Gateway International College (British Columbia) ) ("PGIC"), a leading provider of diversified content and technology products and services used in the gaming industry worldwide, announced today it intends to introduce an exciting new way to play Texas Hold'em poker: the World Series of Poker The World Series of Poker is the largest set of poker tournaments in the world. It is held annually in Las Vegas, lasting just over a month. A bracelet is awarded to the winner of each of the fifty-plus events which include all the major varieties of poker. [R] "Peer to Peer" Texas Hold'em game. The World Series of Poker "Peer to Peer" Texas Hold'em gaming system will be designed to allow patrons to play poker on a wired or wireless device on a secure intranet server managed from within a casino in jurisdictions where it is legal to do so. A poker player will be able to play World Series of Poker "Peer to Peer" Texas Hold'em at a variety of locations within a casino, without the need to be physically located at a poker table A poker table is a table specifically designed for playing card games, usually poker. It is often covered with baize which is a type of felt, or speed cloth, a teflon-coated fabric that helps the cards slide easily across the surface. . Players may be able to play within the casino property at a bar, restaurant, and even poolside. The World Series of Poker "Peer to Peer" Texas Hold'em gaming system is expected to be offered on a wireless and wired hardware platform with the use of a mobile handheld device or a fixed terminal. This will help casino operators to leverage "unused gaming space," and create potential opportunities for incremental revenue growth without having to displace other products. Harrah's Licensing Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an affiliate of 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) ("Harrah's") has extended the license for the World Series of Poker brand to PGIC on a limited exclusive basis for a six year term. Upon receiving Gaming Laboratories International ("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 ") approval, PGIC has committed to place a minimum number of units which the company fully expects to meet based on early customer interest. "We are pleased to partner again with PGIC in leveraging the most powerful brand in poker worldwide, the World Series of Poker," Ken Weil, senior vice president of gaming at Harrah's commented. "Many regulated operators do not have poker rooms. The World Series of Poker "Peer to Peer" Texas Hold'em gaming system provides operators with the ability to offer their patrons the opportunity to participate in exciting Texas Hold'em poker game competitions that capture the excitement of an authentic WSOP WSOP World Series of Poker (poker championship) WSOP Worst Irredundant Sum-Of-Products WSOP Web Site Optimization experience. As a casino operator and brand licensor, we are very excited by the strategic and economic opportunity that the World Series of Poker "Peer to Peer" Texas Hold'em gaming system can provide Harrah's." Russ McMeekin, President 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. of PGIC stated, "With the success of our previously released game incorporating the World Series of Poker brand on our Texas Hold'em Bonus poker Texas Hold'em Bonus Poker is a gambling card game is owned and licensed by Mikohn Gaming/Progressive Gaming International Corporation. The game is based on traditional multi-player Texas Hold'em poker. Rules
About Progressive Gaming International Progressive Gaming International is a leading supplier of Integrated Casino Management Systems Software and Games for the gaming industry worldwide. The Company develops and distributes an expanding array of slot and table games, plus management and progressive jackpot software systems. The Company is unique in the industry in offering management, progressive systems and games as a modular yet integrated solution. There is a Progressive Gaming International product in virtually every casino in the world. For further information, visit www.progressivegaming.net. About Harrah's Entertainment, Inc. Harrah's Licensing Company, LLC, is an affiliate of Harrah's Entertainment, Inc. (NYSE: HET), the world's largest provider of branded casino entertainment through operating subsidiaries. Since its beginning in Reno, Nevada 68 years ago, Harrah's has grown through development of new properties, expansions and acquisitions. Harrah's Entertainment is focused on building loyalty and value with its customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. More information about Harrah's is available at the company's web site, www.harrahs.com. 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: This release contains forward-looking statements, including statements regarding the expected introduction of the World Series of Poker "Peer to Peer" Texas Hold'em game, expected use of the game and the potential benefits of the game for patrons and casinos, activities expected to occur in connection with the use of the World Series of Poker brand and the Company's agreement with Harrah's, estimated market statistics and anticipated demand for the World Series of Poker "Peer to Peer" Texas Hold'em game, and expectations for regulatory submissions involving the game. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, the risk that products utilizing the World Series of Poker brand may not be available when expected, or at all, or that such products will provide the benefits expected under the agreement with Harrah's, the status of rights licensed from content providers, risks related to the Company's ability to enforce and develop its intellectual property rights, including rights licensed from third parties, the risk that patents or trademarks may exist of which the company is not aware, or that existing patents may provide benefits to third parties beyond those anticipated by the Company, relationships with casino operators, the overall industry environment, customer acceptance of the Company's new products, including those containing the World Series of Poker brand, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of privileged operating licenses by governmental authorities, competitive pressures and general economic conditions, the Company's ability to meet its capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , as well as the Company's debt service obligations. For a discussion of these and other factors which may cause actual events or results to differ from those projected, please refer to the Company's most recent annual 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. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. , as well as other subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise any forward-looking statements to reflect new circumstances or anticipated or unanticipated events or circumstances as they occur. |
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