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American Gaming Systems Granted Illinois Video Gaming Terminal (VGT) and Riverboat Licenses(January 23, 2012)
LAS VEGAS, NV -- (Marketwire) -- 01/23/12 -- American Gaming Systems (AGS), a leading designer, manufacturer and operator of gaming machines with more than 7,300 installed gaming machines, announced today that:
- On Thursday, January 19th, 2012, it was granted a license to manufacture and distribute Video Gaming Terminals in the state of Illinois.
- It has also been granted an Illinois Riverboat License and, effective immediately, can sell gaming devices to Riverboat casinos throughout the state.
"The issuance of both the VGT and Riverboat licenses in Illinois is another critical milestone in our plan to move AGS into the forefront of the gaming industry. We are extremely excited about entering this new market with our state-of-the-art Roadrunner platform," stated Bob Miodunski, AGS' President and CEO. "Dr. Olaf Vancura and his game development team have worked tirelessly to build and refine an amazing product that will offer Illinois operators an incredibly flexible and profitable solution."
Upon receiving all the appropriate regulatory approvals, AGS' Video Gaming Terminals will be powered by its revolutionary new Roadrunner platform. With its proprietary 3-D graphics engine, that features an accelerated video frame refresh rate, Roadrunner produces crystal-clear graphics and superior game-play features for all players. Additionally, with Roadrunner's multi-game capability, offering up to 24 multi-line video, video poker and specialty games per terminal, combined with its proprietary Route Management System (RMS), dynamic bonusing features and unique peripheral equipment, AGS offers Illinois operators a one-of-a-kind solution.
With roots in the gaming industry dating back to 1996, AGS' current portfolio of products includes Class III and Class II machines, Class III and Class II server-based gaming and wide-area progressives. Privately held, AGS is a leading designer and manufacturer of Class II gaming machines for the Native American gaming market with an emerging presence in a broad range of commercial markets in the United States. AGS has sales, service, development or management locations in Nevada, Illinois, Oklahoma and Canada.
To learn more about AGS, please visit us at www.americangamingsystems.com.
This press release contains forward-looking statements based on management's current expectations and projections, which are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. The words "believe," "will," "expect," "continue," "intend," "plan," "seek," "estimate," project," "may," or the negative or other variations thereof or comparable terminology as they relate to AGS and its products, plans, and markets are intended to identify such forward-looking statements. All forward-looking statements are based on current expectations and projections of future events.
These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS' performance to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, or have its games approved by relevant jurisdictions. All forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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