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StockPreacher.com issues Technical Trading Overview for Multimedia Games Inc.

  • Press Release
  • Source: StockPreacher
  • On 6:50 am EDT, Thursday September 10, 2009

DALLAS, Sept. 10, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring gaming equipment company Multimedia Games Inc. (Nasdaq:MGAM - News). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.

Related Quotes

SymbolPriceChange
MGAM5.60+0.08
Chart for Multimedia Games, Inc.
{"s" : "mgam","k" : "c10,l10,p20,t10","o" : "","j" : ""}

The investment report on Multimedia Games Inc. (Nasdaq:MGAM - News) should be of particular interest to other gaming equipment companies: GameTech International Inc. (Nasdaq:GMTC - News), International Game Technology (NYSE:IGT - News), Scientific Games Corp. (Nasdaq:SGMS - News) and Bally Technologies Inc. (NYSE:BYI - News).

It is available at: http://www.stockpreacher.com/n/MGAM

Multimedia Games Inc. (MGAM) engages in the development and supply of comprehensive systems, content, electronic games and player terminals for the casino, charity, international bingo and video lottery markets in the United States and internationally. The Company offers interactive systems, server-based gaming systems, interactive electronic games, player terminals, stand-alone player terminals, video lottery terminals, electronic scratch ticket systems, electronic instant lottery systems, player tracking systems, casino cash management systems, slot accounting systems, slot management systems, unified currencies, and electronic and paper bingo systems.

In the report, the analyst notes:

"The Company derives the majority of its gaming revenue from participation (revenue sharing) agreements, pursuant to which it places systems, player terminals, proprietary and licensed content operated on player terminals and back-office systems and equipment (collectively referred to as gaming systems) into gaming facilities. To a lesser degree, the Company earns revenue from the sale or placement of gaming systems (e.g., the opening of a new casino, or a change in the law that allows existing casinos to increase the number of player terminals permitted under prior law) on a lease-purchase basis and from the back-office fees generated by video lottery systems ...

"In August, MGAM announced the first installation of its Class III Casino Commander(R) Tournament System at the Chickasaw Nation's WinStar World Casino in Oklahoma. The Company also announced that it secured an agreement to install the Casino Commander system at the Chumash Casino Resort in California next month, subject to licensing requirements and regulatory approvals. Chumash Casino Resort selected MGAM's slot tournament system following a review of competitive products from two other leading gaming equipment suppliers."

To read the entire report visit: http://www.stockpreacher.com/n/MGAM

See what investors are saying about these stocks at: http://www.stockhideout.com/

StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com

StockPreacher.com Disclosure

StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.

Contact:

StockPreacher.com
Jeff Bishop
(469)-252-3505
press@beaconequity.com

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