Multimedia Games Reports Q4 FY 08 Revenue of $38.4 Million
Multimedia Games, Inc. (Nasdaq: MGAM) today reported operating results for its fiscal 2008 fourth quarter and full year ended September 30,
- Published: 10 December 2008
- Written by Editor
Multimedia Games, Inc. (Nasdaq: MGAM) today reported operating results for its fiscal 2008 fourth quarter and full year ended September 30,
Exclusive deal with NextGen Gaming gives CryptoLogic access to a global online and land based distribution network and cements its position as the leader in branded content provision in the online gaming space
CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the global Internet gaming market, has signed an exclusive multi-year agreement with NextGen Gaming, the world's leading independent developer of slot games for the international gambling industry.
Under the deal, CryptoLogic will collaborate with NextGen to develop new branded slot games for the company, and in return, NextGen will provide branded games exclusively to CryptoLogic within the online gaming space.
MTR Gaming Group, Inc. (NasdaqGS: MNTG) today announced financial results for the third quarter and nine months ended September 30, 2008, and achieves its credit facility coverage ratio requirements. Current and prior year results reflect the reclassification of the Ramada Inn and Speedway Casino and Binion’s Gambling Hall & Hotel as discontinued operations. See attached tables (including Reconciliation of Non-GAAP Measures to GAAP).
For the third quarter, net revenues increased to $131.4 million, up 13% from $116 million in the same period of 2007. EBITDA from continuing operations was $22.4 million, up 31% compared to $17.1 million in the third quarter of 2007. The increase in revenues was primarily due to the addition of table gaming at Mountaineer and increased slot revenues from Presque Isle Downs. The increase in EBITDA from continuing operations is directly attributable to the improved operating performance of Mountaineer and Presque Isle Downs.