July 12th, 2000
Gaming Inc, a subsidiary of WMS Industries Inc. (NYSE: WMS),
announced today that its installed base of the MONOPOLY(R)-themed gaming
machines has surpassed 4,000 units.
The MONOPOLY-themed games are based on the world famous board game
from Hasbro, Inc. (NYSE: HAS). The Company also reported that it has
an additional 450 MONOPOLY gaming machines on order backlog for future
installations throughout North America.
"Reaching this milestone of 4,000 plus installed MONOPOLY-themed
gaming machines brings WMS significant recurring revenues, and is a
testament to the popularity, staying power and earning capabilities of
the entire line of licensed MONOPOLY gaming products," said Brian R.
Gamache, President and Chief Operating Officer of WMS Industries Inc.
"The 450 additional units on order is an endorsement of the long-term
potential for the product line. In accordance with our long-term
strategy, WMS Gaming will continue its practice of refreshing the
MONOPOLY gaming machine line twice annually in order to provide both
casinos and players products that will be the most innovative and
entertaining in the industry."
WMS Gaming continues expanding the distribution of its
MONOPOLY-themed gaming machine product line in the United States and
Canada and anticipates future installations in the newly opened
California gaming jurisdiction. In addition, the Company anticipates
introducing the MONOPOLY-themed gaming machines into the Australian
market before the end of the fiscal year.
"We were first impressed by WMS Gaming's ability to create
top-earning products that remain true to the MONOPOLY board game. Upon
reaching this milestone, we are further impressed by the Company's
ability to place the gaming machines and their continual efforts to
increase the number of units in the field," said Patricia Schmidt,
Vice President of 3-D Licensing and Promotions for Hasbro, Inc. "We
look forward to the future development of the product line and a
continued solid working relationship with WMS."
"The MONOPOLY gaming machines are some of the most popular
products available today. Our customers vote every day with their time
and their wallets and they have been voting for MONOPOLY each time new
products come to market. WMS Gaming has done a great job creating
brand extensions built on the popularity of the MONOPOLY board game,"
said Bruce Rowe, Corporate Vice President of Slot Operations for
Harrah's Entertainment. "The MONOPOLY gaming machines have added to
the profitability of Harrah's and WMS and we look forward to more
games in the future."
WMS Gaming Inc. is headquartered in Chicago (800/932-3021)
regional offices serving Las Vegas (702/257-7020), Atlantic City
(609/569-0100), Biloxi, MS (228/396-3711), California (877/967-4263),
Denver, CO (303/216-2945), Kansas City, MO (816/413-8700), Reno, NV
(702/827-6617), Canada (604/272-3935) and Barcelona, Spain
WMS Gaming Inc. is a subsidiary of WMS Industries
Inc. (WMS: NYSE)
engaged in designing, manufacturing, and selling video and reel
spinning gaming devices and video lottery terminals.
MONOPOLY(R)is a trademark of Hasbro.(R)&(c)2000 Hasbro. All rights
reserved. Used with permission.
This press release contains certain forward-looking
concerning future business conditions and the outlook for 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, the outcome of
certain legal proceedings to which the Company is a party 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
CONTACT: Molly D. Sandberg
WMS Gaming Inc.
Joseph N. Jaffoni
Jaffoni & Collins Incorporated