IGT Red Rock Station (Station Casinos)

22/04/2004 Markets:
Source:

New Red Rock Station to Feature 80 Percent IGT EZ Play(TM) Slots and Video Machines

04/22/2004

RENO, Nev., Apr 22, 2004 /PRNewswire-FirstCall via COMTEX/ — 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 (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

Ed Rogich, VP of Marketing, +1-702-896-8690, or Richard
Baldwin, Investor Relations, +1-866-296-4232, both of IGT
http://www.igt.com

Copyright (C) 2004 PR Newswire. All rights reserved.

News Provided by COMTEX

0 comments

E-PLAY.COM