WMS Enters into B2B Online Gaming Agreement with British Columbia Lottery Corporation (BCLC)
December 12 2012 - 10:30AM
Business Wire
WMS Gaming Inc., a wholly owned subsidiary of WMS Industries
Inc. (NYSE:WMS), today announced that the Company has entered into
a multi-year online content licensing agreement with the British
Columbia Lottery Corporation (“BCLC”). Under the terms of the
agreement, BCLC will have access to WMS’ online library of
authentic slot games on their gambling website, PlayNow.com.
BCLC’s PlayNow.com players will have the chance to play many of
WMS’ hugely popular slot games, such as THE WIZARD OF OZ™, Zeus™,
Reel ‘Em In® and Jackpot Party® games. The games will be accessible
for play through WMS’ remote game server integration capability,
obtained when Williams Interactive purchased Jadestone Group in May
2012.
PlayNow.com has offered online gaming to players in British
Columbia since 2004, and in 2010 became the first regulated
Canadian jurisdiction to offer online casino games. In addition to
an online casino PlayNow.com offers players access to Canada’s
biggest lottery games LottoMax and Lotto 6/49 as well as
multi-player bingo, player-to-player poker and a new Sportsbook
platform that launched this past summer.
Orrin J. Edidin, President of WMS Industries and President and
CEO of Williams Interactive, said, “Players at BCLC’s casinos have
loved WMS’ great gaming content for many years and we are delighted
to expand our relationship to bring this same level of excitement
and entertainment to BCLC’s online players. The key to building
player loyalty on the casino floor or online at home is to
consistently offer great gaming entertainment experiences; and our
proven content is an ideal solution to extend our customers’ gaming
entertainment beyond the casino’s four walls. The continued
expansion of our interactive relationships and activities is a
great endorsement of our content and approach to services and
solutions and terrific news for the rapidly growing universe of
online players.”
Rhonda Garvey, BCLC Vice President, eGaming said, “BCLC has
worked with WMS for more than 14 years. During this time, many WMS
slot games have become player favorites in our land-based casinos.
As another first in North America for PlayNow.com, we are delighted
to now offer our online players the opportunity to play the virtual
version of WMS’ popular slot games.”
About WMS
WMS serves the gaming industry worldwide by designing,
manufacturing and marketing games, video and mechanical
reel-spinning gaming machines, video lottery terminals and in
gaming operations, which places leased participation gaming
machines in legal gaming venues. The Company also develops and
markets digital content, products, services and end-to-end
solutions that address global online wagering and interactive
social, casual and mobile gaming opportunities. WMS is proactively
addressing the next stage of casino gaming floor evolution with its
WAGE-NET® networked gaming solution, a suite of systems
technologies and applications designed to increase customers’
revenue generating capabilities and operational efficiency. More
information on WMS can be found at www.wms.com or visit the Company
on Facebook®, Twitter® or YouTube®.
About BCLC
BCLC has been offering socially responsible gambling
entertainment for nearly 30 years. As a Crown corporation, BCLC is
accountable to the Province and citizens of British Columbia. In
2011, more than $1 billion was generated by BCLC gambling
activities that went back into health care, education and community
groups across British Columbia.
THE WIZARD OF OZ and all related characters and elements are
trademarks of and © Turner Entertainment Co.(s12)
This press release contains forward-looking statements
concerning our future business performance, strategy, outlook,
plans, products and liquidity. Forward-looking statements may be
typically identified by such words as “may,” “will,” “should,”
“expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,”
“project,” and “intend,” among others. These forward-looking
statements are subject to risks and uncertainties that could cause
our actual results to differ materially from the expectations
expressed in the forward-looking statements. Although we believe
that the expectations reflected in our forward-looking statements
are reasonable, any or all of our forward-looking statements may
prove to be incorrect. Consequently, no forward-looking statements
may be guaranteed. We undertake no obligation to update such
forward looking statements, all of which are made only as of this
date, December 12, 2012. Factors that could cause our actual
results to differ from expectations include (1) delay or refusal by
regulators to approve our new gaming platforms, cabinet designs,
game themes and related hardware and software; (2) changes in
regulations or regulatory interpretations that may adversely affect
existing product placements or future placements; (3) an inability
to introduce in a timely manner new games and gaming machines that
achieve and maintain market acceptance; (4) a decrease in the
desire of casino customers to upgrade gaming machines or allot
floor space to leased or participation games, resulting in reduced
demand for our products; (5) a reduction in capital spending or
interruption in payments by casino customers associated with
business weakness or economic uncertainty that adversely affects
our customers' ability to make purchases or pay; (6) a
greater-than-expected demand for operating leases by customers over
outright product sales or sales financing leases that shift revenue
recognition from a single period to the term of such operating
leases; (7) future costs to restructure our business and other
charges that may be higher than currently estimated, including
additional charges related to actions at a later time not presently
contemplated; (8) ability to realize in full, or part, the
anticipated savings and expense reductions from restructuring and
lower staffing; (9) adverse affects on product development,
innovation and the ability to retain and attract key personnel
following the restructuring and reorganization actions taken in
fiscal 2011 and 2012; (10) a reduction in play levels of our
participation games by casino patrons, whether due to economic
conditions or increased placements of competitive product; (11)
inability of suppliers of key components to timely meet our pricing
or promotional competitive activity that adversely affects our
average selling price or product revenues; (13) a failure to obtain
and maintain our gaming licenses and regulatory approvals; (14)
failure of customers or players to adapt to the new technologies
that we introduce in new product concepts; (15) a software anomaly
or fraudulent manipulation of our gaming machines and software;
(16) a failure to obtain the right to use or an inability to adapt
to rapid development of new technologies; (17) an infringement
claim seeking to restrict our use of material technologies; (18)
risks of doing business in international markets, including
political and economic instability, terrorist activity, changes in
importation and repatriation regulations such as currently
experienced in Argentina, and foreign currency fluctuations; and
(19) the unfavorable outcome of any legal proceedings in which we
may be requirements to fulfill customer orders; (12) increased
involved from time to time. These factors and other factors that
could cause actual results to differ from expectations are more
fully described under “Item 1. Business”, “Item 1A. Risk Factors”
and “Legal Proceedings” in our Annual Report on Form 10-K for the
year ended June 30, 2012, and our more recent reports filed with
the U.S. Securities and Exchange Commission.
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