Printer Friendly

DION ENTERTAINMENT TEAMS UP WITH ELECTROHOME

 KITCHENER, Ontario, June 25 /PRNewswire/ - Dion Entertainment Corp. (TSE: DIO) and Electrohome Limited of Kitchener (TSE: EL.X/EL.Y) today signed a Memorandum of Understanding outlining their Strategic Alliance, to manufacture casino slot machines and video lottery terminals, designed by Bally Gaming, Inc. of Las Vegas and distributed in Canada by Dion.
 The agreement was signed at the Electrohome plant in Kitchener by company Chairman and C.E.O. John A. Pollock, and Dion President and C.E.O. E. Marshall Pollock, Q.C. (no relation).
 John Pollock of Electrohome said: "We have every confidence that our strength as an Ontario manufacturer combined with the marketing strength of Dion and the design strength of Bally will be a winning combination and an attractive supply option not only for casino slot machines but also for video lottery terminals."
 Marshall Pollock of Dion commented: "We are delighted to have a Strategic Alliance with a well respected Ontario firm like Electrohome. The timing couldn't be better for an Ontario manufacturer to get into the gaming equipment business."
 The Province of Quebec announced last week that it will be buying up to 25,000 video lottery terminals to be operated by Loto-Quebec. Recent statements by Ontario government officials indicate that an order for the first 1,000 slot machines for its interim Windsor casino could be placed within the next few weeks.
 Dion is the first Canadian publicly traded gaming company and is one of the largest providers of facilities for the operation of commercial bingo halls in Canada. Dion operates bingo halls in Saskatchewan, Alberta, and the Czech Republic. Dion is also the exclusive distributor in Canada of all gaming equipment manufactured by Bally Gaming, Inc. of Las Vegas, a wholly owned subsidiary of Bally Gaming International, Inc. (NASDAQ: BGII).
 Dion is a public company listed on the Toronto Stock Exchange under the symbol DIO.
 -0- 6/25/93
 /CONTACT: E. Marshall Pollock, Q.C., President & C.E.O., Dion Entertainment, 416-398-3996; Neil Murray-Lyon, Investor Relations Director, Dion Entertainment, 514-393-1548; John A. Pollock, Chairman & C.E.O., Electrohome, 519-744-7111/


CO: Dion Entertainment Corp.; Electrohome Limited ST: Ontario IN: CNO SU:

LG -- NY015 -- 5651 06/25/93 10:22 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 25, 1993
Words:367
Previous Article:COOPERS & LYBRAND TAX SAMPLES
Next Article:DUFF & PHELPS: BANK OF BOSTON $100 MILLION SUBORDINATED NOTES RATED 'BBB'; $70 MILLION PREFERRED STOCK RATED 'BBB-'
Topics:


Related Articles
DION ENTERTAINMENT STRIKES AGREEMENT WITH BALLY GAMING
DION ENTERTAINMENT ANNOUNCES MAJOR BINGO ACQUISITION
DION ENTERTAINMENT CORP. ANNOUNCES ACQUISITION OF INDIAN CASINO MANAGEMENT COMPANY AND $17 MILLION FINANCING
DION ENTERTAINMENT TO RAISE $45 MILLION FOR WINDSOR CASINO BID
DION ENTERTAINMENT CORP. ANNOUNCES RESULTS OF WINDSOR CASINO BID
DION ENTERTAINMENT AMENDS TERMS OF $17 MILLION FINANCING
DION ENTERTAINMENT APPOINTS NEW CEO AND COO
Dion Entertainment meets gaming regulatory standards.
Larson-Dion Productions formed to create interactive TV game shows.
Larson-Dion Productions Formed to Create Interactive TV Game Shows.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters