WMS Gaming and IGT Team Up to Place Popular Branded Entertainment
Slot Machines On IGT Wide-Area Progressive System
WAUKEGAN, Ill. & RENO, Nev. & HOLLYWOOD, Calif.
April 26th, 2001
Agreement Couples IGT's Linked Jackpot Systems with WMS' Licensing
Gaming Inc., a subsidiary of WMS Industries Inc. (NYSE: WMS),
and IGT, a subsidiary of International Game Technology (NYSE: IGT)
announced today that they have entered into an agreement whereby WMS
will develop games based on a popular entertainment brand to be placed
on IGT's wide-area progressive jackpot system.
WMS Gaming has secured the North American licensing
rights to this brand
and will announce the details of that agreement shortly. Under the
terms of the
agreement, WMS Gaming will design and market the gaming devices based
on the brand, which will be manufactured by IGT and placed on IGT's
MegaJackpots™ progressive linked jackpot system. Plans call for
submitting the game for regulatory approval within the next nine
months. All game placements are subject to receiving applicable
regulatory approvals. Profits from the games will be shared equally
WMS and IGT.
This newly themed MegaJackpots game represents the
first time that
a WMS gaming product will be placed on a wide-area progressive system.
It will utilize IGT's extended odds Telnaes patented technology which
IGT has licensed to WMS for the development of the new game.
"We believe that the combined strengths of IGT's
MegaJackpots™ technology, the acknowledged popularity of this brand
and WMS' product development talent will produce a home run in terms
of player popularity," said Tom Baker, IGT President and CEO.
"The opportunity to couple these licensing rights
with IGT's WAP
system further strengthens WMS Gaming's reputation as one of the top
suppliers of blockbuster entertainment-based participation gaming
products," commented Brian R. Gamache, President and Chief Operating
Officer of WMS Industries Inc. "We anticipate that the incredible
broad-based appeal of this property should prove to be a major
attraction for casino patrons."
Mr. Gamache continued, "Working closely with IGT
on this business
venture reinforces our commitment to focus on the kind of positive
collaboration that takes our business relationship to the next level.
By joining forces with the progressive systems market leader, we can
more quickly provide a superior product to both the casino operators
and casino patrons. Furthermore, through our close working
relationship with IGT, we have opened up entirely new avenues of
potential for this latest themed gaming product. Launching this
branded slot machine with IGT's wide-area progressive technology
creates a win-win-win situation, as this three-way business venture
offers WMS' research and design team a multitude of new game design
options, casino operators a new way to enhance their financial
results, and players the opportunity to play for larger jackpots on
immediately recognizable game. We believe this excitement,
entertainment and added visibility will translate into significant
"This popular entertainment brand provides an enormous
theme opportunities that will work great for unique bonus rounds,"
stated John Giobbi, Vice President of Product Development for WMS
Gaming. "Our creative team has already developed several exciting
design concepts, which we believe will be highly entertaining to
casino patrons. We are focused on ensuring that WMS' first wide area
progressive product is a success."
WMS Gaming Inc. is headquartered in Waukegan, IL
with its product development center in Chicago and regional offices
serving Las Vegas (702/257-7020), Atlantic City (609/569-0100),
Biloxi, MS (228/396-3711), California (877-WMS-GAME), Denver, CO
(303/216-2945), Kansas City, MO (816/413-8700), Reno, NV
(775/827-6617), Barcelona, Spain (34-93-594-8720), Sydney, Australia
(61-2-9773-0299) and Johannesburg, South Africa (27-11-700-3570).
WMS Gaming Inc., a subsidiary of WMS Industries Inc.,
manufactures and markets video and reel-spinning gaming devices and
video lottery terminals.
IGT is a world leader in the design, development
of microprocessor-based gaming products and software systems in all
jurisdictions where gaming is legal.
MegaJackpots™ is a trademark of International Game
release contains certain forward-looking statements
concerning future business
conditions and the outlook for WMS (the
Company), based on currently
available information that involve risks
and uncertainties. The Company's
actual results could differ
materially from those anticipated
in the forward-looking statements as
a result of certain risks
and uncertainties, including, without
limitation, the financial
strength of the gaming industry, the
expansion of legalized gaming
into new markets, legislation and
regulatory changes in existing
gaming markets, the development,
introduction and success
of new games and new technologies and the
ability to maintain the
scheduling of such introductions, the ability
of the Company to qualify
for and maintain gaming licenses and
approvals, and other risks
more full described under "Risk Factors" in
the Company's Annual Report
on Form 10-K and other periodic filings
with the Securities and
WMS Gaming Inc.
Molly D. Sandberg, 847/785-3122
Director, Corporate Communications
Jaffoni & Collins Incorporated
Joseph N. Jaffoni or Richard Land, 212/835-8500
Rick Sorensen, 775/448-8022
IGT Public Relations