WMS Granted Nevada Interactive Gaming Licenses
WAUKEGAN, Ill. & LAS VEGAS--(BUSINESS WIRE)-- WMS Gaming Inc., a subsidiary of WMS Industries Inc. (NYS: WMS) , a global leader in the design, manufacture and distribution of games, digital gaming content and gaming machines to the worldwide gaming industry, announced today that the Nevada Gaming Commission unanimously approved WMS for both an interactive gaming manufacturer license and a service provider license in the State of Nevada. The interactive gaming licenses enable the Company to partner with Nevada casino operators to provide online poker to players.
Nevada is the first state to adopt statutes and develop a regulatory framework for online poker in the United States, and the Nevada Gaming Commission is the first regulatory agency to award statewide online gaming licenses.
"The granting of WMS' interactive gaming licenses in Nevada is an important milestone in the initiatives we've undertaken to support our casino customers' online gaming entertainment needs," said Orrin J. Edidin, President of WMS. "We can now offer casino operators in Nevada an online, real-money poker platform along with a comprehensive, industry-leading suite of white-label, casino-branded interactive play-for-fun gaming entertainment products and managed services. These products and services are fully expandable to provide a proven foundation for the eventual transition to other online real-money gaming capabilities, when it becomes legally enabled in other markets.
"Just as WMS has a legacy of developing innovative products to meet our customers' in-casino needs, we are committed to offering our customers the interactive products and services they need to provide their players a great online gaming entertainment experience, support their unique brand online and establish a strong distinctive online gaming community," Edidin added. "Nevada is a recognized leader in gaming regulation and is moving consistently forward with rules and regulations for interactive gaming enablement and we are looking forward to providing our customers in the state with industry-leading products and services in a safe and secure online environment."
WMS is advancing casino operators' iGaming efforts through a comprehensive and flexible suite of products and services that will bridge and connect in-casino, online, social, casual and mobile gaming entertainment into an integrated gaming ecosystem. At the 2012 Global Gaming Exposition (G2E®), WMS will showcase how its B2B interactive products and services create a customized gaming entertainment community based on the casino operator's brand and player strategies.
See the full range of interactive gaming products, services and end-to-end solutions along with more than 100 new casino gaming products that demonstrate WMS' commitment to "Engaging Players. Delivering Results.™" on display at G2E 2012 in Las Vegas on October 2-4 (WMS booth #1118).
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 consists of the placement of leased participation gaming machines in legal gaming venues. The Company also develops and markets digital gaming content, products, services and end-to-end solutions that address global online wagering and play-for-fun 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®.
G2E is a registered trademark of the American Gaming Association and Reed Elsevier Inc. Used with permission.
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, September 20, 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.
WMS Industries Inc.
William H. Pfund, VP Investor Relations, 847-785-3167
Joseph N. Jaffoni or Richard Land, 212-835-8500
WMS Industries Inc.
Mollie Cole, Director, Communications, 773-961-1194
KEYWORDS: United States North America Illinois Nevada
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