Vol. 10 • No. 3 • January 23, 2012 - Print This Issue
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Vol. 10 • No. 3 • January 23, 2012, GOODS & SERVICES
Multimedia Extends Chickasaw Contract
Multimedia Games has extended revenue-sharing game placements of 1,709 units at the Chickasaw Nation’s two Oklahoma casinos.
Slot manufacturer Multimedia Games announced it has extended 1,709 unit placements, or 85 percent of 2,009 units currently installed on a revenue sharing basis at WinStar World and Riverwind casinos, both operated by the Chickasaw Nation of Oklahoma, for an additional 3.5 years.
The additional contract time occurs after the end dates of the current placement agreements in the second half of fiscal 2013. The remaining 300 units will be removed over a two-year period beginning April 2014.
Multimedia also extended 70 units of a total of 115 units currently installed at the Chickasaw Nation’s Black Gold Casino for an additional 3.5 years. MGAM is paying for the retention of the games. as they said they will pay the tribe unit placement fees of $13.2 million in the current quarter.
Approximately 90 percent of the current units at Chickasaw Nation facilities are now expected to remain installed through at least September 2015.
