Acres Gaming (Nasdaq:AGAM - news) announced that the release of its Wizard(TM) slot accounting system has been approved by the State of Nevada Gaming Control Board. The system was developed, field tested and approved in less than one year.
Wizard is a secure automated slot floor accounting system that provides
accurate real-time accounting of cash on the casino
floor and has numerous functional features that minimize human error and facilitate streamlined labor costs. Wizard is sold
separately or as a module of Acres Advantage(TM), the casino-wide business system that integrates slot floor accounting
functions with player tracking, slot work orders, graphical analysis tools and Acres' patented Bonusing Technology(TM). Acres
Advantage provides casinos with the tools necessary to increase revenues, reduce costs and improve customer service. Wizard
and the other modules of the Acres Advantage operate on the Microsoft Windows NT® SQL Server(TM) version 7.0
Wizard has been in use at Mandalay Bay since it opened on March 2, 1999.
Acres Gaming has also received an order to install
Wizard at Mandalay Resort Group's MotorCity Casino in Detroit.
``Gaming approval is the final step in our development process,'' stated
Rich Schneider, Vice President and Chief Operating
Officer. ``Having the formal approval in Nevada will make future sales of Wizard easier in both Nevada and certain other
jurisdictions that piggy-back on Nevada approvals.''
Acres Gaming develops innovative gaming products, technologies, and
services for casinos all over the world. This includes its
propriety Acres Bonusing Technology(TM), designed to increase player enjoyment while improving casino operations and
Acres Gaming has headquarters in Las Vegas and has offices in Corvallis,
Ore. Detailed information about Acres products and
promotions is available at www.acresgaming.com.
The discussion in this news release contains forward-looking statements
(as defined in Section 27A of the Securities Act of
1993, as amended.) Forward-looking statements involve risks and uncertainties and various factors could cause actual results
to differ materially from those in the forward-looking statements. Forward-looking statements relate to future sales of the
company's systems in Nevada and other jurisdictions and the ability of the company's products to increase revenues, reduce
costs and improve customer service. The following factors, among others, could cause actual results to differ from those
indicated in the forward-looking statements: market acceptance of the company's products, the possibility that development,
regulatory approval and installations of new software products may not be completed or may not be completed as scheduled,
changes in federal or state laws or the administration of such laws, the expense and unpredictability of patent and other litigation
and other risks detailed from time to time in the company's SEC reports including the report on Form 10-K for the year ended
June 30, 1999. Actual results may differ materially from the forward-looking statements.
Acres Gaming, Las Vegas
Vince Manfredi, 702/914-5504
Reed M. Alewel, 702/914-5502