Installation Will Be First of Its Kind in Industry
LAS VEGAS, April 17 /PRNewswire-FirstCall/ -- CityCenter and
International Game Technology (NYSE: IGT) have signed a formal memorandum
of understanding pertaining to installing a server-based network and
related IGT sb(TM) and gaming management system products at the
development's resort casino scheduled to open in late 2009.
IGT's award-winning sb(TM) Service Window and a server-based casino
floor network will provide the basis for the first floorwide installation
of a system of this kind. The Service Window will be accessible to players
via slot machines and eventually table games to link them to their MGM
MIRAGE Players Club accounts and to various services. Server-based
technology represents an exciting evolution in the gaming industry, and IGT
and CityCenter look forward to working closely with Nevada gaming
regulators to make this advancement a reality.
CityCenter is an $8 billion mixed-use development jointly owned by MGM
MIRAGE (NYSE: MGM) and Dubai World.
"We will continue to work with MGM MIRAGE and our other test locations
that have been working with us on the development and testing of these new
products to refine the various aspects of the system and prepare for
CityCenter's floorwide deployment of IGT's sb(TM) products," said Steve
Morro, IGT's Chief Operating Officer. "Work has already begun with other
manufacturers and suppliers on making this all come together for the
CityCenter opening."
William P. McBeath, President and Chief Operating Officer of
CityCenter's casino resort, said, "We are always exploring new innovations
that will both enhance the customer experience and set us apart in the
industry."
CityCenter is a dazzling vertical city in the heart of the Las Vegas
Strip between Bellagio and Monte Carlo resorts. The development combines
into a single urban core approximately 2,650 luxury residences, two
400-room non-gaming boutique hotels (one of which will be managed by luxury
hotelier Mandarin Oriental), a dramatic 61-story, 4,000-room resort casino,
and a 500,000-square-foot retail and entertainment district.
CityCenter is a design collaboration with eight of the world's foremost
architects including Foster and Partners, Gensler, Helmut Jahn, KPF
Architects, Pelli Clarke Pelli, Rockwell Group, RV Architecture LLC led by
Rafael Vinoly, and Studio Daniel Libeskind.
Risks related to construction and development projects:
The Company's plans for future construction can be affected by a number
of factors, including time delays in obtaining necessary governmental
permits and approvals and legal challenges. The Company may make changes in
project scope, budgets and schedules for competitive, aesthetic or other
reasons, and these changes may also result from circumstances beyond the
Company's control. These circumstances include weather interference,
shortages of materials and labor, work stoppages, labor disputes,
unforeseen engineering, environmental or geological problems, and
unanticipated cost increases. Any of these circumstances could give rise to
delays or cost overruns.
International Game Technology (NYSE: IGT) is a global company
specializing in the design, development, manufacturing, distribution and
sales of computerized gaming machines and systems products.
http://www.IGT.com
Statements in this release which are not historical facts are "forward
looking" statements and "safe harbor statements" under the Private
Securities Litigation Reform Act of 1995 that involve risks and/or
uncertainties, including risks and/or uncertainties as described in the
companies' public filings with the Securities and Exchange Commission.
SOURCE International Game Technology
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Related links:
http://www.igt.com
CONTACT:
Patrick Cavanaugh, Vice President, Corporate
Finance and Investor Relations, +1-866-296-4232, or Ed Rogich,
Vice President, Marketing, +1-702-896-8690, both of International
Game Technology
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