Monday August 7, 2:32 pm Eastern Time
Press Release
SOURCE: Anchor Gaming
Anchor Gaming's AWI On-Line Lottery Systems Subsidiary Awarded Five-Year Contract Extension for Maryland Lottery
LAS VEGAS, Aug. 7 /PRNewswire/ -- Anchor Gaming (Nasdaq: SLOT - news) today announced that its Automated Wagering International, Inc. (AWI) on-line lottery systems subsidiary has been granted a five-year contract extension by the Maryland Board of Public Works to provide on-line and instant ticket gaming systems and services to the Maryland Lottery through June 2006.
The five-year extension was the maximum allowed under the original contract that AWI signed with the State of Maryland in 1995. AWI provides the Maryland Lottery its MasterLink(TM) Advanced Gaming System software and 4,100 on-line retail terminals, of which 1,800 are Keno retailers.
Lottery sales in Maryland have increased every year during the AWI contract. In the Lottery's fiscal year 2000, which ended June 30, 2000, AWI's proprietary game Keno Bonus (patent pending) produced $70 million in new sales alone. The Maryland Lottery produced record sales and profits during its 2000 fiscal year, with sales reaching nearly $1.2 billion, an increase of $93 million from the previous record set in fiscal year 1999.
Maryland Lottery Director Buddy Roogow said, ``AWI's performance and innovative product enhancements have propelled our growth. We have worked hard in Maryland at innovation and our partnership with AWI has enabled us to deliver new products to the marketplace, such as Keno Bonus. The Maryland Lottery has had a record year and we intend to parlay our success.''
``The Maryland Lottery has proven to be a pioneering partner,'' AWI President John Beach said. ``Our relationship has expanded every year since we were initially awarded the contract. We are excited to continue that relationship and are grateful for the recognition of our efforts in Maryland.''
Anchor Gaming's AWI subsidiary provides on-line lottery systems, retail terminals, system operation, and related services for the states of Delaware, Florida, Indiana, Maryland, Minnesota, Pennsylvania, South Dakota, and West Virginia. The Company also holds lottery system contracts in Chile, China, Norway, Switzerland, Vietnam, and the West Indies. Visit AWI's website at awii.com for more information.
Anchor Gaming is a diversified technology company serving states, municipalities, and gaming programs worldwide. The Anchor Gaming companies develop, manufacture, and distribute unique proprietary games and gaming devices for casinos, operate two casinos in Colorado and one racetrack-casino in New Mexico, and manage gaming-machine routes in Nevada and Montana. Through its operating subsidiaries, Anchor Gaming also supplies system software, equipment, and related services to on-line lotteries, video lotteries, casinos, and pari-mutuel organizations throughout the world. The Company's equipment and systems are in operation in the United States, Canada, Australia, Asia, Europe, South America, South Africa, and the West Indies. For more information, please visit our website at anchorgaming.com .
This press release contains certain forward-looking statements within the meaning of section 21e of the Securities Exchange Act of 1934, as amended, and other applicable securities laws. All statements other than statements of historical fact are ``forward-looking statements'' for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements. Although the Company believes that the expectations reflected in any of its forward-looking statements will prove to be correct, actual results could differ materially from those projected or assumed in the Company's forward-looking statements. These risks and uncertainties include, but are not limited to factors described from time to time in the Company's reports filed with the Securities and Exchange Commission, including Anchor Gaming's Form 10-K for the year ended June 30, 1999 and Form 10-Qs for the quarters ended September 30, 1999, December 31, 1999, and March 31, 2000. These reports may be obtained free of charge at the website of the Securities and Exchange Commission at sec.gov .
SOURCE: Anchor Gaming
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