PROGRESSIVE GAMING INTERNATIONAL CORPORATION

PROGRESSIVE GAMING INTERNATIONAL CORPORATION

Previous company name
MIKOHN GAMING CORPORATION
Name change date
1/4/2005
Company Overview
Progressive Gaming International Corporation is a leading global supplier of integrated casino and jackpot management solutions for the gaming industry. Formed in May 1986 under the prior company name Mikohn Gaming, Progressive Gaming has transitioned from a manufacturer of signs and slot machines to a dynamic, innovative, systems-centric developer of casino management and progressive systems. Its headquarters is located in Las Vegas, Nevada.
The company’s products include Casino and Jackpot Management Solutions; and Table and Slot Games. Under the umbrella of Casinolink Enterprises Edition, the company offers a suite of products that when combined, consolidates the management of slot machines, table games, server-based gaming, account wagering, marketing and cage into one fully integrated system. Casinolink Enterprise Edition is comprised of Casinolink Patron Suite, which offers reception, player tracking and marketing functionality; Casinolink Intelligence Suite, which provides casinos with products to manage cage and pit operations, cashless gaming and slot accounting and security functionality; and Casinolink GamingSuite, which provides casinos with slot jackpot management tools, player bonusing and media management functionality, in addition to sports wagering and server-based gaming products.
For the Table and Slot Games, the company develops, acquires, licenses and distributes proprietary branded and non-branded table and slot games. Its table game products include specialty games such as World Series of Poker Texas Hold ‘Em Bonus; Texas Hold ‘Em Bonus; Caribbean Stud; Two-Card Joker Poker; Progressive Blackjack; Progressive Baccarat; and several other blackjack and poker derivatives.
The company aims to be the leading developer and supplier of technology-based gaming products. The company has forged strategic partnerships with best-in-class companies, such as Harrah’s, Cantor Gaming, International Game Technology, and Shuffle Master to name a few. The company is a member of the American Gaming Association (AGA), Canadian Gaming Association (CGA) and the Gaming Standards Association (GSA).
The company has offices in Colorado, Florida, Mississippi, Missouri, New Jersey, Wisconsin, and Reno, Nevada. Its international offices are located in Macau, Australia, the United Kingdom, Estonia, and the Netherlands.
Business Summary
Progressive Gaming International Corporation (Progressive) is a global supplier of integrated casino and jackpot management solutions for the gaming industry. The Company’s products include forms of regulated wagering solutions in wired, wireless and mobile formats. The Company offers a suite of products that when combined consolidates the management of slot machines, table games, server-based gaming, account wagering, marketing and cage into one fully integrated system. Table iD is a modular and fully integrated suite of software products that enables casinos to track player activity, monitor games through chip tracking and bet recognition, and provide real-time accounting for table games. Primeline is a race and sports book software system used to manage the operation of a race and sports book.
Description and history
Progressive Gaming International Corporation (Progressive), incorporated in May 1986, is a global supplier of integrated casino and jackpot management solutions for the gaming industry. The Company’s products include forms of regulated wagering solutions in wired, wireless and mobile formats. The Company offers a suite of products that when combined consolidates the management of slot machines, table games, server-based gaming, account wagering, marketing and cage into one fully integrated system. Table iD is a modular and fully integrated suite of software products that enables casinos to track player activity, monitor games through chip tracking and bet recognition, and provide real-time accounting for table games. Primeline is a race and sports book software system used to manage the operation of a race and sports book. Branded with Harrah’s Entertainment’s World Series of Poker, Peer to Peer Texas Hold’em game offers features of Internet style poker, including cashless account-based wagering, the option to play multiple tables/tournaments at the same time and the ability for a player to view their account history, a summary of recently-played games, and even a statistical breakdown of their play. In January 2009, International Game Technology acquired certain operating assets of the Company.

In September 2007, Progressive completed the sale of its Table Game Division assets to Shuffle Master for an upfront payment and fixed and variable ongoing payments through 2016. In conjunction with the sale, the Company entered into a separate Technology License Agreement, whereby it will receive recurring monthly royalty payments for the placement of the Company’s progressive systems, which include Casinolink Jackpot System (CJS), on Shuffle Master’s specialty table games.

Casino and Jackpot Management Systems

Casinolink Enterprise Edition umbrella is a modular and fully integrated suite of software products centralizes gaming management, including functions such as slots and tables monitoring, reporting and accounting across all casino properties, improving efficiency, tightening security and surveillance, and lowering costs. The Casinolink Enterprise Edition modules run on Microsoft Windows and SQL Server platform. It consists of Casinolink Patron Suite, Casinolink Intelligence Suite and Casinolink Gaming Suite. CJS is a hardware and software solution for centralizing/linking regular and mystery progressive jackpots. CJS allows casinos to create individual banks of mystery progressives or progressive themed areas of their slot floor, link games for floor-wide bonusing and link thousands of games, allowing for expanded jackpots and bonusing across multiple properties.

The Company’s Casinolink Enterprise Edition competes with Octavian, Bally Technologies, Aristocrat, Paltronics and Atronic.

Table Management Systems

The Table iD system (previously marketed as the Intelligent Table System), brings technology from Progressive Gaming, IGT and Shuffle Master, to the table games sector, providing the benefits of automated data collection and player tracking. As of December 31, 2007, the Company’s table management systems had an installed base of approximately 5,740 tables in North America, Australia, Europe, Macau and South Africa. Table Manager is the base product, upon which the Chip Manager and Card Manager product offerings are built. It employs magnetic player identification card readers and touch-screen computer displays at each gaming table or at the pit stand. Table Manager allows dealers to input a player’s time and average bets at the tables for tracking purposes after the player identification card is scanned by the magnetic card reader.

Chip Manager can be utilized in conjunction with Table Manager for a detailed view of table play. With Chip Manager, manual inputs to track wagers are eliminated by utilizing sensors located at each player position at the table that automatically scan radio frequency identification (RFID) casino chips, which are embedded with microchips that transmit radio frequency signals. The Company offers its customers next-generation 13.56 megahertz high-frequency RFID technology that utilizes thin flat antennas to increase the speed of chip recognition. Card/Game Manager utilizes Image Based Recognition for reading playing cards as they are dealt. This level of the Table iD product is provided by Shuffle Master.

With Table iD Table Manager, the Company competes with Bravo, Bally Technologies, Inc., UbiTrak and Chipco International.

Sports and Poker Management Systems

In the sports wagering market, Progressive offers two products: Primeline and Rapid Bet Live. Primeline is a software system used to manage the operation of a race and sports book. The Primeline system is installed in approximately 30 casinos in Nevada. Rapid Bet Live is a real-time sports wagering system that received Nevada Gaming approval in June 2006, and the Gaming Board for the Commonwealth of the Bahamas approval in March 2007. The Company has also developed and received approval in Nevada for a wireless version of the game, which gives patrons the flexibility of placing sports wagers on a wireless device, as well as at the betting counter. Nevada Gaming approval of the wireless version of Rapid Bet Live was received in December 2006.

Formed under the prior company name Mikohn Gaming

Business Line
Supplier of integrated casino and jackpot management solutions for the gaming industry
Subsidiary
ENDX GROUP LTD
Advisor
ERNST & YOUNG LLP
IPO date
11/1993
US SIC Code
7993
Company Address
920, Pilot Road

City province or state postal code
89119, LAS VEGAS, NV
Phone: +1 702 896 3890
Fax: +1 702 896 2461
Country address: UNITED STATES OF AMERICA
Website url: www.progressivegaming.net