Progressive Gaming International Corporation (NASDAQ:PGIC)
Industry: Consumer Goods
Progressive Gaming International Corporation (Progressive), incorporated in May 1986, develops, acquires and markets branded slot machine and table games, electronic player tracking, game monitoring/accounting and progressive jackpot and mystery systems for slot and table game operations. The Company's customers include casinos, other gaming suppliers, operators of wide-area gaming networks and lottery authorities. Progressive's gaming products are found in almost every major gaming jurisdiction worldwide. The Company's worldwide operations are concentrated in two principal business segments: slot and table games, and systems. In addition, Progressive provides the XpertX Keno system, TableMAX, a table game in video format, and a number of accessory products. On November 28, 2005, the Company acquired EndX, a global gaming management systems software company. During the year ended December 31, 2005, Progressive completed the sale of its interior signage division. Table and Slot Games Progressive develops, acquires, licenses and distributes branded and non-branded table and slot games. The Company's table game products include Caribbean Stud, Texas Hold'Em Bonus poker (also available with World Series of Poker branding through agreement with Harrah's), Two-Card Joker poker, Progressive Blackjack, Progressive Baccarat and several other blackjack and poker derivatives. Progressive's slot game content library includes licensed branded game offerings based upon brands, such as Ripley's Believe It or Not!, Clue, Dick Clark Rock, Roll and Remember, Trivial Pursuit, Garfield, KISS, the Beach Boys, Celia Cruz, Tito Puente, Ed McMahon, and Wink Martindale. In addition, the Company offers other non-branded games and mystery concepts, such as Flip It, Graveyard Bash, Office Daze, Kazoingo and Liberty Ball. Systems Under the umbrella of CasinoLink Enterprise Edition, Progressive offers a suite of software products that enables casinos to track the wagers placed by both table and slot players, as well as accurately account for the performance of each table and slot game. With CasinoLink Enterprise Edition, gaming operators can also implement their own progressive jackpots and bonusing to increase the appeal of games through the opportunity to win larger prizes to provide real time marketing at each game station. The various CasinoLink Enterprise Edition modules are Table Management Modules, Casino Management Modules, Central Server-Based Gaming modules, CasinoLink Jackpot Station (CJS) Module and WagerLink Cashless Module. The Intelligent Table System is available in three tiers: Table Manager, Chip Manager and Card Manager. As of December 31, 2005, Progressive's table management systems were installed in over 47 casinos in North America, Australia, Europe and South Africa, with an installed base of approximately 1,980 tables, of which approximately 24% use RFID technology to track and measure wagers. The Company's Slot Management modules incorporate its existing CasinoLink Player Tracking and CasinoLink Slot Management modules. As of December 31, 2005, Progressive's CasinoLink Slot Management modules had been installed in more than 187 gaming sites worldwide, monitoring approximately 49,700 gaming machines. The Company has a number of gaming system installations in Canada, including in the multi-site, provincial lottery corporations of Alberta, British Columbia, Ontario and Saskatchewan. In the European market, Progressive has standalone installations in the United Kingdom, Switzerland, Ukraine, Finland, Greece and Italy, as well as multi-site installations in Estonia, Lithuania, Latvia, The Netherlands, The Slovak Republic, Slovenia and Sweden. In the Asia Pacific market, CasinoLink is installed in Macau and Australia. Progressive is developing a suite of centrally managed server-based gaming modules that include CasinoLink Game Station and the CasinoLink? Sports Station modules of PrimeLine and Rapid Bet Live. CJS allows gaming operators to bring a multi-site, multi-level bonusing and jackpot system in-house an
As Of: 10/07 00:00 ET
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