Alliance Gaming Announces Acquisition of MindPlay Technologies, Establishes New Table Game Product Group
February 19 2004 - 5:42PM
PR Newswire (US)
Alliance Gaming Announces Acquisition of MindPlay Technologies,
Establishes New Table Game Product Group LAS VEGAS, Feb. 19
/PRNewswire-FirstCall/ -- Alliance Gaming Corp. announced today
that its Bally Gaming and Systems business unit has reached a
definitive agreement to acquire substantially all of the assets of
MindPlay LLC, a leading developer of advanced table games
management technology designed to improve player rating accuracy,
casino security and dealer performance. Bally Gaming and Systems
previously served as the exclusive worldwide distributor and sales
and support agent of MindPlay's products, which offers real-time
player tracking on table games utilizing the patented artificial
intelligence of VisionCore(TM) embedded high-speedimage processing.
The VisionCore optical system automatically recognizes chips and
playing cards to ensure accurate accounting, player tracking and
dealer performance. Already operating at three Nevada casinos,
MindPlay's MP21(TM) blackjack product gives "real-time" information
on items such as time played at the game, actual amount wagered and
win/loss amounts, providing accurate data for rating and evaluating
players to determine the appropriate complimentary levels. The MP21
technology is designed to allow for data integration with the
SDS(R) and ACSC casino management systems product lines from Bally
Systems. "We've been very impressed by the proprietary MindPlay
technology for more than two years, and with a full-scale rollout
now in the works, we felt the time was right to move beyond a
distributorship arrangement and proceed with an acquisition," said
Robert Miodunski, President and Chief Executive Officer of Alliance
Gaming. "The operational benefits for casinos in the U.S. and in
international markets are truly revolutionary and the integration
with our existing casino management systems gives our Bally Systems
product lineup even greater depth." MindPlay's MP21 was developed
in close cooperation with the Eldorado Resort Casino in Reno, Nev.,
where the first installation of MP21 took place in 2001. "MindPlay
is a powerful suite of advanced vision-based hardware and software
technologies that brings material changes to our industry," said
Richard Soltys, CEO and President of MindPlay LLC, who will stay on
to lead Bally's MindPlay Product Group. "Under the protection of a
number of patents, we envision a series of new table game products
that will redefine the market with the advances of automation and
powerful new gaming features to attract and retain players. We
intend to lead this market with breakthrough ideas that promote the
table game experience while also providing operational cost
reductions and revenue enhancement to operators. It will be an
exciting future for this new MindPlay Product Group of Bally
Systems and I greatly look forward to its impact." "Bally is a
worldwide leader in gaming and changing the nature of our
relationship, at this point in time, makes sense for several
obvious reasons. Including material enhancements to our scale,
manufacturing capabilities, regulatory licensing and distribution,
this transaction will allow us to accelerate the development and
penetration of our products," Soltys said. Alliance Gaming is a
diversified gaming company with headquarters in Las Vegas. The
Company is engaged in the design, manufacture, operation and
distribution of advanced gaming devices and systems worldwide, and
is the nation's largest gaming machine route operator and operates
two casinos. Additional information about the Company can be found
at http://www.alliancegaming.com/. This news release may contain
"forward-looking" statements within the meaning of the Securities
Act of 1933, as amended, and is subject to the safe harbor created
thereby. Such information involves important risks and
uncertainties that could significantly affect the results in the
future and, accordingly, such results may differ from those
expressed in any forward-looking statements. Future operating
results may be adversely affected as a result of a number of risks
that are detailed from time to time in the company's filings with
the Securities and Exchange Commission. Investor and Media Contact:
Robert L. Saxton Alliance Gaming (702) 270-7600 -- ALLIANCE GAMING
CORP. -- DATASOURCE: Alliance Gaming Corp. CONTACT: Investor and
Media, Robert L. Saxton of Alliance Gaming, +1-702-270-7600 Web
site: http://www.alliancegaming.com/
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