AUSTIN, Texas--(BUSINESS WIRE)--Multimedia Games Holding Company, Inc. (Nasdaq: MGAM), through its wholly-owned subsidiary, Multimedia Games, Inc. (“Multimedia Games” or “the Company”), a leader in slot tournament systems, announced today the launch of the 2013 National TournEvent® of Champions™, a first-of-its-kind nationwide slot tournament powered by the Company’s award-winning TournEvent® slot tournament system. Kicking off on March 2nd at the Eagle Mountain Casino in Porterville, California, the 2013 National TournEvent of Champions will identify America’s best slot tournament players while visiting 20 states and over 60 participating casinos. Multimedia Games’ National TournEvent of Champions events will also feature the added excitement of the “Money Man® Mobile” branded tour bus as it travels across the country.
Designated winners of each casino’s final qualifying event will receive a five-night trip to Las Vegas (including airfare and accommodations for the winning participant and a guest) to play in the national championship on September 25, 2013, which will be held in conjunction with the annual Global Gaming Expo (G2E®). At the national final, held in Lagasse’s Stadium at The Palazzo, approximately 75 participants will compete for a $100,000 grand prize, bragging rights for their home casino, and the title of Nation’s Best Slot Tournament Player.
Patrick Ramsey, President and Chief Executive Officer of Multimedia Games, commented, “Last year, over 20,000 players in California and Washington helped make their statewide TournEvent of Champions events a resounding success and we are thrilled to bring the energy and excitement to players across the country with the 2013 Nationwide TournEvent of Champions. It is clear that this nationwide slot tournament will create an entirely new experience for players and offer a unique marketing opportunity for participating casinos, and we invite those casinos who are not yet part of the event, but are interested in bringing this excitement to their gaming floor, to sign up. The team at Multimedia Games has delivered a turnkey solution that harnesses the power of our TournEvent system to generate instant floor-wide buzz and, over the course of each tournament, we are confident that this buzz will help drive higher floor traffic and increased floor-wide revenue performance at our customers’ facilities.”
The National TournEvent of Champions bus and traveling entourage will be traveling nationwide for nearly six months, visiting more than 60 casinos in six regions. Players can look for casino qualifying events in their region during the following periods:
|Region 1||CA||March 2013 - April 2013|
|Region 2||WA, ID||April 2013 - May 2013|
|Region 3||OK, KS||May 2013 - June 2013|
|Region 4||TX, LA, AL, MS, FL||June 2013 - July 2013|
|Region 5||ND, MN, WI, IA, IN, MI, OH and NY||July 2013 - August 2013|
|Region 6||AZ, NM and NV1||August 2013 - September 2013|
|(1) Nevada is included in Region 6 due to location of championship event in Las Vegas|
Mr. Ramsey added, “TournEvent has been a major success for our Company as well as for our customers, enabling them to quickly and seamlessly host slot tournaments on their gaming floors without the need to disrupt existing operations. By creating tournaments on the fly and in full view of the gaming floor, operators are leveraging the power of TournEvent to easily create excitement and further improve their floor performance with a minimal incremental investment in new gaming technology. We believe the 2013 National TournEvent of Champions is a natural evolution of the capabilities offered by TournEvent and believe that our customers are as excited as we are to kick off the nationwide event in early March.”
Linda Trinh, Marketing and Promotions Manager for Multimedia Games, who will be leading the National TournEvent of Champions entourage across the country, said, “I’m excited to spend the next seven months bringing the best of slot tournament entertainment to casinos across the country. Having witnessed the player enthusiasm and ‘holiday-weekend’ energy and play levels created by our California and Washington events last year, I can’t wait to see what a national tournament brings to our customers’ facilities. The stakes are higher, the excitement is sure to reach new levels, and our tour bus and Money Man are ready to bring TournEvent of Champions buzz to our customers and their players.”
Multimedia Games’ award-winning TournEvent slot tournament system is currently installed at 137 casinos nationwide, offering industry-leading functionality that has revolutionized the slot tournament experience. The Company’s Class III TournEvent system was named “Best Slot Theme” in the 2012 Southern California Gaming Guide Reader’s Choice Awards and was awarded third place in the “Best Consumer Service Technology” category by Global Gaming Business in its 2012 Gaming & Technology Awards. TournEvent provides players and operators with a dynamic and interactive tournament experience unlike any other. With the TournEvent system, casino operators can switch networked gaming machines from in-revenue live status to out-of-revenue tournament status at the touch of a button – eliminating the hassle of chip changes, machine moves, or separate tournament areas. TournEvent 4.0 enables operators to create unique team tournaments for the first time, offering a variety of customizable configurations based on the number of players, mechanics of team advancement, rankings, and tournament prize awards.
To find out more about the 2013 National TournEvent of Champions and to see a list of participating casinos nationwide, visit www.tourneventofchampions.com or follow the tournament on Facebook and Twitter.
About Multimedia Games Holding Company, Inc.
Through its wholly owned subsidiary, Multimedia Games Holding Company, Inc. (“Multimedia Games”) develops and distributes gaming technology. The company is a creator and supplier of comprehensive systems, content and electronic gaming units for Native American gaming markets, as well as for commercial casinos and charity and international bingo markets. Revenue is primarily derived from gaming units in operation domestically and internationally installed on revenue-sharing arrangements. Multimedia Games also supplies the central determinant system for the video lottery terminals (“VLTs”) installed at racetracks in the State of New York. The company is focused on pursuing market expansion and new product development for Class II, Class III and VLT markets. Additional information may be found at www.multimediagames.com.
This press release contains forward-looking statements based on Multimedia Games' current expectations and projections, which are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "continue", "intend", "plan", "seek", "estimate", project", "may", or the negative or other variations thereof or comparable terminology as they relate to Multimedia Games and its products, plans, and markets are intended to identify such forward-looking statements. All forward-looking statements are based on current expectations and projections of future events.
These forward-looking statements reflect the current views, models, and assumptions of Multimedia Games, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in Multimedia Games' performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, technical, contractual, licensing, scheduling or other difficulties in implementing and completing the TournEvent of Champions; player and customer response to TournEvent and other company product; the ability of Multimedia Games to maintain strategic alliances; increase its unit placements, installations or installed-base; grow revenue; garner new market share; secure new licenses in new jurisdictions; successfully develop or place proprietary product; comply with regulations; or have its games or systems, such as TournEvent, approved by relevant jurisdictions. Please refer to the Company’s most recent Form 10-K and subsequent filings with the Securities and Exchange Commission for a further discussion of risks and uncertainties. All forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. Multimedia Games expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.