WMS Announces Multi-Year B2B Online Gaming Agreement with The Rank Group PLC
March 07 2013 - 2:00AM
Business Wire
Williams Interactive LLC, a wholly owned subsidiary of WMS
Industries Inc. (NYSE:WMS), announced today that the Company has
entered into a multi-year online content licensing agreement with
The Rank Group Plc., a leading European gaming-based entertainment
company. The group’s online brands, Meccabingo.com and
Grosvenorcasinos.com, will have access to WMS’ online library of
authentic slot games including THE WIZARD OF OZ™, Zeus™, Reel 'Em
In® and Jackpot Party® games.
The WMS video slot content is expected to be available on
Meccabingo.com and Grosvenorcasinos.com before the second half of
the year; and is made possible by the seamless integration with
OpenBet’s Remote Gaming Interface, an integral part of the platform
used by Rank’s online casino websites.
Orrin J. Edidin, President of WMS Industries Inc. and CEO and
President of Williams Interactive LLC, said, "Over the course of
the last 75 years, The Rank Group Plc has thrilled millions of
people the world over, building iconic and much-loved entertainment
brands in the process. WMS slot games will further support the
continued growth of Rank and expand its entertainment offering with
the launch of our classic WMS slot games.
“The alliance with The Rank Group Plc is another premier
endorsement of WMS’ online gaming capabilities and demonstrates our
growing momentum in expanding the worldwide audience for our gaming
content. I’m confident that as we bring new levels of excitement
and entertainment to its online communities we will achieve great
success together in the years to come.”
Joe Hine, Head of Commercial at Rank Interactive comments,
“We’re pleased to be able to bring such new and exciting video
slots content to our online players. We continuously strive to keep
our product offering fresh and as a result the user experience both
thrilling and entertaining and we believe that WMS games will do
just that.”
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. More information on
WMS and Williams Interactive can be found at www.wms.com or
www.williamsinteractive.com or visit the Company on Facebook®,
Twitter® or YouTube®.
About The Rank Group PLC
The Rank Group PLC is a leading European gaming-based
entertainment company headquartered in Great Britain and listed on
the London Stock Exchange. For three-quarters of a century, Rank’s
iconic ‘gongman’ has signified a world of entertainment. From the
Company’s origins in motion pictures to today’s gaming and
entertainment brands Rank have sought to enrich lives by filling
them with thrilling experiences. Over the course of 75 years, our
teams have thrilled millions of people the world over, building
iconic and much-loved entertainment brands in the process.
THE WIZARD OF OZ and all related characters and elements are
trademarks of and © Turner Entertainment Co. (s13)
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,”
“continue,” “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, March 7, 2013. Factors which could
cause our actual results to differ from those projected or
contemplated in any such forward-looking statements include, but
are not limited to, the following factors: (1) our business may be
disrupted while the acquisition by Scientific Games is pending or
if the acquisition is not consummated as our ability to transact
business with customers, suppliers and other business partners may
be adversely affected; (2) in the event our recently announced
acquisition by Scientific Games is not consummated, the price of
our stock may be affected; (3) it may be difficult for us to retain
and recruit employees in vital areas while the acquisition is
pending or if it fails; (4) in connection with the recent
implementation of our enterprise resource planning system, there is
the risk of inaccurate data or reporting and significant design
errors that could have a negative effect on our operating results
and impact our ability to manage our business which could
constitute significant deficiencies; (5) delay or refusal by
regulators to approve our new gaming platforms, cabinet designs,
game themes and related hardware and software; (6) changes in
regulations or regulatory interpretations that may adversely affect
existing product placements or future placements; (7) an inability
to introduce in a timely manner new games and gaming machines that
achieve and maintain market acceptance; (8) 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; (9) 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; (10) 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; (11) a reduction in play levels of our participation games
by casino patrons, whether due to economic conditions or increased
placements of competitive product; (12) inability of suppliers of
key components to timely meet our requirements to fulfill customer
orders; (13) increased pricing or promotional competitive activity
that adversely affects our average selling price or product
revenues; (14) a failure to obtain and maintain our gaming licenses
and regulatory approvals; (15) failure of customers or players to
adapt to the new technologies that we introduce in new product
concepts; (16) a software anomaly or fraudulent manipulation of our
gaming machines and software; (17) a failure to obtain the right to
use or an inability to adapt to rapid development of new
technologies; (18) an infringement claim seeking to restrict our
use of material technologies; (19) 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 (20) the
unfavorable outcome of any legal proceedings in which we may be
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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