|WMS Gaming and 888 Holdings Form Strategic Alliance to Provide Online Poker Solutions for U.S. Casino Operators|
- WMS Expands Online Gaming Presence with Agreement to Market and Distribute to Domestic Casino Customers 888's Online Poker Platform for Optimal Player Liquidity Along with WMS' Capabilities for a
Through the agreement, WMS will offer domestic customers access to 888's robust poker platform and applications, which feature a comprehensive suite of capabilities, including back office functionality and associated administrative, transaction, compliance, operational and other related support services. WMS will serve as the exclusive provider of 888's online poker solution to casino operators in
Earlier this year, both 888 and WMS submitted applications to Nevada's
"By deploying our joint online poker solution, casino operators in
Mr. Edidin added, "For more than half a century, WMS has been a leading consumer-focused game content developer across a wide variety of distribution channels. As we grow our interactive and online gaming business and develop new and innovative solutions to meet customer needs, we are combining WMS' proven gaming content and experience with best-in-class capabilities to expand our portfolio so that we can provide our customers with the optimal online gaming experiences - whether for online wagering or interactive play-for-fun social, casual and mobile gaming - that allow them to optimize their benefit from new channels of connections with their customers. Our alliance with 888 is another exciting step that furthers our capabilities as we build a comprehensive suite of gaming solutions to enable our customers to stay connected to their players, wherever and whenever players find it most convenient to seek out gaming entertainment today and in the future."
888 websites provide an enjoyable customer experience in a safe and secure environment. 888 remains a leader in responsible gaming, with specialist websites dedicated to both corporate responsibility and responsible gaming. 888 is licensed and regulated by the Government of
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's online iGaming business develops and markets digital content, products, services and end-to-end solutions that address global online wagering, 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 http://www.wms.com or visit the Company on Facebook, Twitter or YouTube.
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. Factors which 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 relating to our planned restructuring 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; (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 requirements to fulfill customer orders; (12) increased 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 and foreign currency fluctuations; and (19) the unfavorable outcome of any legal proceedings in which we may be 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