WMS GAMING AND KONAMI GAMING TO BRING FULL SYSTEM AND PRODUCT INTEROPERABILITY TO CASINOS WITH AGREEMENT FOR INTEGRATION OF KEY NETWORKED GAMING SOLUTIONS
Las Vegas, NV, February 3, 2011 -
Mutual Infrastructure and System Support will Drive Fully Integrated Solution of Enhanced Casino Enterprise and Player Entertainment Technologies.
Waukegan, Illinois and Las Vegas, Nevada – November 16, 2010 – WMS Gaming Inc., a subsidiary of WMS Industries Inc. (NYSE:WMS), and Konami Gaming, Inc., a subsidiary of KONAMI CORPORATION, today announced an agreement that will deliver integrated networked gaming capabilities that will create new value for casino operators and new entertainment experiences for slot players. This joint initiative highlights WMS' and KONAMI's ongoing commitment to support full product and system interoperability in the gaming industry, and is believed to be the industry’s most expansive and cooperative plan to foster open and interoperable networked gaming solutions.
By integrating KONAMI products and systems with WMS' WAGE-NET® networked gaming system, KONAMI and WMS will provide casino operators with the ability to utilize all of the features, functionalities and robustness of networked gaming applications. As part of the integration initiative, WMS' WAGE-NET system will support the full array of remote configuration and download functionality on both WMS and KONAMI gaming machines through a single system and user interface. Importantly, by utilizing WMS' FreedomPort Player User Interface windowing platform, WMS and KONAMI will allow each other access to deploy gaming and non-gaming applications across their respective gaming machines. These FreedomPort enabled products include WMS' Portal application suite and KONAMI's Player Tracking and Advanced Incentives® applications. The full range of integrated solutions will operate on both KONAMI's gaming machines and Konami Casino Management System® (“KCMS”), and will be co-branded with WMS' WAGE-NET networked gaming system.
Orrin J. Edidin, President of WMS, commented, “Across the technology industry landscape, it is widely acknowledged that open standards promote the rapid development of advanced solutions that benefit businesses and their customers. Given the accelerating adoption cycle of networked gaming technologies, KONAMI and WMS are at the forefront of the casino slot floor's evolution with our new collaborative efforts to create a fully integrated solution that drives value for operators and offers new, differentiated entertainment experiences for slot players. WMS and KONAMI can provide best of breed products and applications that increase coin-in and drive differentiated entertainment experiences while delivering a range of efficiencies for our casino customers.”
Steve Sutherland, Chief Operating Officer of Konami Gaming, Inc., commented, “This agreement provides our respective companies the ability to execute a shared vision of interoperable networked gaming and system solutions for our customers. We are pleased to be working with WMS to offer an integrated solution that will provide the casino operator with the technology to optimize his or her casino floor and also enhance the player gaming experience.”
WMS' Edidin added, “We are delighted to be working with KONAMI on this expansive integration of our respective networked gaming solutions, and our alliance demonstrates each company's strong commitment to, and development of, a fully interoperable set of networked gaming solutions for our customers. KONAMI and WMS are strong advocates for the benefits that arise from an ‘Open Standards’ environment in the gaming industry and we invite all developers to join our efforts.”
WMS is engaged in serving 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. 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 Facenook, Twitter or Youtube.
About Konami Gaming, Inc.
Konami Gaming, Inc. is a Las Vegas-based subsidiary of KONAMI CORPORATION (NYSE: KNM). The company is a leading designer and manufacturer of slot machines and casino management systems for the global gaming market. For more information about Konami Gaming, Inc., please visit http://www.konamigaming.com
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) a failure to obtain and maintain our gaming licenses and regulatory approvals; (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 reduction in play levels of our participation games by casino patrons, whether due to economic conditions or increased placements of competitive product; (7) inability of suppliers of key components to timely meet our requirements to fulfill customer orders; (8) failure of customers or players to adapt to the new technologies that we introduce in new product concepts; (9) a software anomaly or fraudulent manipulation of our gaming machines and software; (10) a failure to obtain the right to use, or an inability to adapt to rapid development of new technologies; (11) an infringement claim seeking to restrict our use of material technologies; and (12) 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-Risk Factors” and “Legal Proceedings” in our Annual Report on Form 10-K for the year ended June 30, 2010 and our more recent reports filed with the Securities and Exchange Commission.
Candace Lucas, Executive Director of Marketing Operations
WMS Industries Inc.
Dan Klores Communications
Bill Pfund, Vice President, Investor Relations>
WMS Industries Inc.
Joseph Jaffoni or Richard Land
Jaffoni & Collins Incorporated
Konami Gaming, Inc. Contacts
Ross O’Hanley, Senior Director of Sales and Marketing
Konami Gaming, Inc.
Stephen Sutherland, Chief Operating Officer/Executive Vice President
Konami Gaming, Inc.