RENO, Nev., April 22 /PRNewswire-FirstCall/ -- IGT (NYSE: IGT) today
announced an agreement reached with Station Casinos (NYSE: STN) for the
purchase of 2,100 new machines for Red Rock Station, currently scheduled to
open in late 2005 or early 2006.
In October 2003, IGT and Station Casinos announced a commitment for 5,000
new EZ Play(TM) gaming machines to finalize the transition to ticket-in,
ticket-out at existing locations in the 2004-2005 timeframe, which came on the
heels of another major purchase for the Station Casinos' Thunder Valley
casino. The Red Rock Station machines are in addition to those machines.
The new order represents 80 percent of Station's intended machine
purchases for the new Red Rock Casino and for all machine purchases through
2005.
"Our players are very happy with the IGT game themes including their new
low-denomination video slots and their strong lineup of video poker
favorites," said Dan Roy, Vice President of Slot Operations. "The addition of
ticket payouts at all locations has also been a plus with players and has
allowed us to improve our customer service."
The two newest Station Casinos operated properties, Green Valley Ranch
Resort in Henderson, Nev., and Thunder Valley Casino in Auburn, Calif.,
currently offer tickets on 100 percent of their machines. All Red Rock
Station machines will also be equipped with ticket technology.
IGT's EZ Play(TM) machines include standard reel spinning slots, video
slots, poker machines and multi game machines that accept coins or currency,
offer multi denomination wagering, and are equipped with ticket printers which
dispense vouchers to players when they cash out.
The new machines at Station Casinos' Nevada casinos and at California's
Thunder Valley Casino utilize the IGT IVS(TM) Ticketing System combined with
the Acres Wizard(TM) Slot Accounting and Bonusing System. Players can insert
the dispensed tickets into other compatible machines, hold them for future
play, or convert them to cash via various options without handling coins or
waiting for hopper fills.
IGT (http://www.IGT.com) is a world leader in the design, development and
manufacture of microprocessor-based gaming and lottery products and software
systems in all jurisdictions where gaming and lotteries are legal.
Statements in this release, which are not historical facts, are "forward
looking" statements under the Private Securities Litigation Reform Act of
1995. Although IGT believes that the expectations reflected in any of its
forward-looking statements are reasonable, actual results could differ
materially from those projected or assumed. IGT's future financial condition
and results of operations, as well as any forward-looking statements, are
subject to change and to inherent known and unknown risks and uncertainties.
IGT does not intend, and undertakes no obligation, to update forward-looking
statements to reflect future events or circumstances.
Information on risks and factors that could affect IGT's business and
financial results are included in our public filings made with the Securities
and Exchange Commission.
SOURCE IGT
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Related links: http://www.igt.com
CONTACT: Ed Rogich, VP of Marketing, +1-702-896-8690, or Richard Baldwin, Investor Relations, +1-866-296-4232, both of IGT
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