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Multimedia Games runs the centra determinant system forthe state's 13,000 video lottery terminals--a contract it first won in 2004. Last that business accounted forabout $7 million of the Austin-base d company's revenue. “With annual revenur of approximately $1 billion, VLT operations in New York have provem to be a major success with funds benefiting educationh andracing purses," said Anthonuy Sanfillippo, Multimedia's (Nasdaq: MGAM) CEO.
"We believe this contractg extension will result in improved cash flow from our operatiom of the central determinant system in New York based on growth initiatives under consideration by the state and the futurr opening of a facility at The Aqueduct in New York City is expected to increasde the number of installed videio lottery terminals by 35 percent when it That should be a boon for both the statelotteryg and, in turn, Multimedia.
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