CityCenter and IGT Sign Agreement for Server-Based Casino at Development's New Resort Casino
17 Abril 2008 - 9:15AM
PR Newswire (US)
Installation Will Be First of Its Kind in Industry LAS VEGAS, April
17 /PRNewswire-FirstCall/ -- CityCenter and International Game
Technology (NYSE:IGT) have signed a formal memorandum of
understanding pertaining to installing a server-based network and
related IGT sb(TM) and gaming management system products at the
development's resort casino scheduled to open in late 2009. IGT's
award-winning sb(TM) Service Window and a server-based casino floor
network will provide the basis for the first floorwide installation
of a system of this kind. The Service Window will be accessible to
players via slot machines and eventually table games to link them
to their MGM MIRAGE Players Club accounts and to various services.
Server-based technology represents an exciting evolution in the
gaming industry, and IGT and CityCenter look forward to working
closely with Nevada gaming regulators to make this advancement a
reality. CityCenter is an $8 billion mixed-use development jointly
owned by MGM MIRAGE (NYSE:MGM) and Dubai World. "We will continue
to work with MGM MIRAGE and our other test locations that have been
working with us on the development and testing of these new
products to refine the various aspects of the system and prepare
for CityCenter's floorwide deployment of IGT's sb(TM) products,"
said Steve Morro, IGT's Chief Operating Officer. "Work has already
begun with other manufacturers and suppliers on making this all
come together for the CityCenter opening." William P. McBeath,
President and Chief Operating Officer of CityCenter's casino
resort, said, "We are always exploring new innovations that will
both enhance the customer experience and set us apart in the
industry." CityCenter is a dazzling vertical city in the heart of
the Las Vegas Strip between Bellagio and Monte Carlo resorts. The
development combines into a single urban core approximately 2,650
luxury residences, two 400-room non-gaming boutique hotels (one of
which will be managed by luxury hotelier Mandarin Oriental), a
dramatic 61-story, 4,000-room resort casino, and a
500,000-square-foot retail and entertainment district. CityCenter
is a design collaboration with eight of the world's foremost
architects including Foster and Partners, Gensler, Helmut Jahn, KPF
Architects, Pelli Clarke Pelli, Rockwell Group, RV Architecture LLC
led by Rafael Vinoly, and Studio Daniel Libeskind. Risks related to
construction and development projects: The Company's plans for
future construction can be affected by a number of factors,
including time delays in obtaining necessary governmental permits
and approvals and legal challenges. The Company may make changes in
project scope, budgets and schedules for competitive, aesthetic or
other reasons, and these changes may also result from circumstances
beyond the Company's control. These circumstances include weather
interference, shortages of materials and labor, work stoppages,
labor disputes, unforeseen engineering, environmental or geological
problems, and unanticipated cost increases. Any of these
circumstances could give rise to delays or cost overruns.
International Game Technology (NYSE:IGT) is a global company
specializing in the design, development, manufacturing,
distribution and sales of computerized gaming machines and systems
products. http://www.igt.com/ Statements in this release which are
not historical facts are "forward looking" statements and "safe
harbor statements" under the Private Securities Litigation Reform
Act of 1995 that involve risks and/or uncertainties, including
risks and/or uncertainties as described in the companies' public
filings with the Securities and Exchange Commission. DATASOURCE:
International Game Technology CONTACT: Patrick Cavanaugh, Vice
President, Corporate Finance and Investor Relations,
+1-866-296-4232, or Ed Rogich, Vice President, Marketing,
+1-702-896-8690, both of International Game Technology Web site:
http://www.igt.com/
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