CASINO DATA SYSTEMS ANNOUNCES THREE NEW CONTRACTS WITH CIRCUS CIRCUS ENTERPRISES INC.
LAS VEGAS, April 14 /PRNewswire/ -- Casino Data Systems (NASDAQ-NMS: CSDS), which develops, manufactures, distributes and markets casino accounting and player tracking information systems to the casino industry, today announced that Circus Circus Enterprises Inc. has agreed to install the company's Oasis(TM) II slot information systems in the Luxor Casino, which is scheduled to open in Las Vegas in late 1993, and the Colorado Belle Hotel and Casino and the Edgewater Hotel and Casino, each located in Laughlin, Nev. The three purchase orders relate to a total of approximately 5,400 slot machines and have an aggregate system price of approximately $3,000,000. Delivery of the Oasis(TM) II systems to the Colorado Belle Hotel and Casino and Edgewater Hotel will begin within 45 days, and delivery to the Luxor will begin later in 1993. The company's chief executive, Lowell Hansen, said, "While the announcement of these orders with Circus Circus is very positive for the company, I do not believe that this news is responsible for the recent activity in the company's common stock. As I stated earlier in the week, I believe this activity probably reflects investor interest in gambling-related stocks generally." The company also announced today that it completed its initial public offering of 975,000 shares of common stock at $5.00 per share, which was underwritten by Equity Securities Trading Co. Inc., Minneapolis. Casino Data Systems develops, manufactures, distributes and markets casino accounting and player tracking information systems to the casino industry. The company's common stock is traded on the NASDAQ National Market System under the symbol CSDS. -0- 4/14/93 /CONTACT: Russell C. Mix, VP-administration and general counsel of Casino Data Systems, 702-891-8925/ (CSDS)
CO: Casino Data Systems; Circus Circus Enterprises Inc. ST: Nevada IN: CNO SU: CON
JL-LS -- SD003 -- 5788 04/14/93 14:06 EDT
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|Date:||Apr 14, 1993|
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