DEQ Systems Corp.: Las Vegas Adopts DEQ's EZ Baccarat
March 10 2009 - 4:00PM
Marketwired
DEQ Systems Corp. (TSX VENTURE: DEQ) ("DEQ" or the "Company"), a
leading provider of table game bonusing, jackpot and loyalty
solutions, announces today that the MGM Grand Hotel and Casino is
the latest casino to operate EZ Baccarat(TM), the company's
award-winning non-commission version of baccarat equipped with EZ
Trak(TM), an LCD-based hand tracking system.
Two EZ Baccarats and two EZ Traks have made their debut at MGM
Grand after recent success at the Wynn and Harrah's Paris casino in
Las Vegas. This product's success story started in early 2008 in
Southern California when the Barona's Table Game Manager Mike
Patterson decided to champion the product. EZ Baccarat's adoption
has been quite rapid and widespread throughout the Golden State
with 46 installations in nine casinos in less than a year. In the
past three months alone, casinos such as the Morongo Casino Resort
and Spa, Harrah's Rincon, Sycuan Resort & Casino, Red Hawk
Casino and Viejas Casino have all started operating EZ Baccarat and
EZ Trak. As well, EZ Baccarat has made its Canadian debut with
three recent installations at Vancouver's Edgewater Casino.
DEQ reports that it has penetrated over 40% of the baccarat
market in California in less than a year and has now successfully
penetrated Las Vegas market with product in the Wynn, Harrah's and
now MGM properties. Furthermore, market penetration has begun in
Michigan and commercialization has commenced in Iowa and Indiana.
Licensing focus has now shifted to other baccarat rich
jurisdictions such as Connecticut, Florida and New Jersey where
several casinos have already expressed interest for the
products.
"We have a fantastic product combination on our hands, no doubt
about it. In these tough economic times every casino is looking for
accretive revenue that does not require capital investment or man
power. The EZ Baccarat method provides for an increase in hands per
hour and decrease in manpower needed to supervise the non
commission method as opposed to the traditional alternative are
some of the reasons why EZ Baccarat and EZ Trak are in such
demand," stated Earle G. Hall, President and CEO of DEQ. "Las Vegas
and California are no longer the only jurisdictions where those
products are available. After a successful entry into Michigan and
Canada, EZ Baccarat is now GLI approved in Iowa and in Indiana
where casinos such as Ameristar and Harrah's are among the first to
have placed orders."
ABOUT EZ BACCARAT
EZ Baccarat(TM) is revolutionary method of accelerating the
speed of baccarat by eliminating the commission. The winning hand
bank commission is replaced by "barring" one specific winning bank
hand and/or reducing the banked winning wagers. The EZ Baccarat
method bars a three card total of seven and is trademarked as the
"Dragon 7(TM)". Players can also make a side wager as to the
occurrence of the Dragon 7(TM). This side wager pays 40 to 1 and
creates an additional way for the player to win and a new revenue
source for the casino. The EZ Baccarat(TM) methodology and the
Dragon 7(TM) bet were co-created by Robin Powell and TJ Tejeda of
the Talisman Group in conjunction with DEQ. These methods and
trademarks are protected within the scope of DEQ's no commission
baccarat intellectual property portfolio that protects all
methodologies such as barred hands and reduced banked winning
wagers.
ABOUT DEQ
Founded in 1998, DEQ Systems Corp. (TSX VENTURE: DEQ) is a
leader in the table game bonusing technology field. DEQ's patents,
products and features include side bet bonusing games with
progressive and random jackpot prizes, slot machine style mystery
bonusing, multiple credit and denomination betting flexibility,
dealer hand betting, electronic credit bank, electronic rake,
baccarat hand tracking, multimedia animation and sound effects. DEQ
has an extensive patent portfolio that is recognized in more than
50 countries such as the USA, Macau, Australia and Canada. DEQ's
bonusing solutions and products are present in more than 200
casinos in over 30 countries. For further information, please visit
www.deq.com
Forward-looking statements contained in this Press Release
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance and achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by the said
forward-looking statements.
Contacts: DEQ Systems Corp. Earle G. Hall President & CEO
418-839-3012 earle.hall@deq.com DEQ Systems Corp. Francois Proulx
Chief Financial Officer 418-839-3012 francois.proulx@deq.com