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Deteriorating Economy Takes a Chunk Out of Gaming Revenue

Wed, 18 Feb 2009 19:54:00 GMT

Feb. 18--A sure bet to grow for more than a decade, Montana's gambling economy is now cooling down as the recession sets in, according to video betting taxes.
Tax reports for the fourth quarter of 2008 show bettors putting $5.4 million less into video gambling machines in October through December of last year than for the same time period in 2007.
"Frankly, I thought the last quarter drop would be greater, given what the economy is doing" said Neil Peterson, the Gaming Industry of Montana's executive director.

GameTech Names Steve Smallman as Vice President and GM of Bingo for the US and Canada

Thu, 13 Aug 2009 22:54:00 GMT

GameTech International, Inc. ') , a leading designer, developer and manufacturer of electronic bingo, gaming equipment, gaming systems, and video lottery terminals, today announced the appointment of Steve Smallman as Vice President and General Manager of bingo for the US and Canada.[More...]

GameTech and Lancaster Bingo Company Enter Into Distribution Partnership for the Kentucky Market

Wed, 22 Jul 2009 17:36:00 GMT

GameTech International, Inc. )') , a leading designer, developer and manufacturer of electronic bingo, gaming equipment, gaming systems, and video lottery terminals, announced today that it has entered into a distributor agreement with Lancaster Bingo Company, one of the leading distributors of bingo products, services and games in the Midwest. With this agreement, Lancaster Bingo Company will market, sell and support GameTech products to bingo operators specifically in the Kentucky market. This agreement expands the opportunities for both GameTech and Lancaster to provide bingo customers in Kentucky with the most innovative and compelling bingo products and solutions in the market today. 'Kentucky is a unique and exciting market for charitable bingo,' said Jay Meilstrup, GameTech President and Chief Executive Officer. "We are very happy to have the additional opportunities our partnership with Lancaster provides to further grow our business in Kentucky, and be able to reach even more customers with GameTech's products. We have seen from experience that every time we expand our market opportunities for our products, we are able to deliver real value and performance for our bingo customers. Our new Lancaster partnership will help us do just that.'GameTech International, Inc. is in the business of designing, manufacturing, and marketing computerized bingo and gaming equipment, systems, and services. Under the GameTech product brand the company provides electronic bingo systems and equipment, and is an innovator in advanced wireless gaming applications and devices. Under the Summit Gaming product brand the Company provides video lottery terminal devices, Class III gaming machines, and related software and content. GameTech International, Inc. serves customers in 43 U.S. States, Canada, Japan, Mexico, Norway, Philippines, and the United Kingdom. The company was incorporated in 1994 and is headquartered in Reno, Nevada.Statements in this press release that are not historical facts are intended to be forward-looking statements subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. GameTech cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include risks associated with doing business in a regulated industry, our ability to retain customers and secure new customers, risks associated with rapid technological change, and those disclosed in documents filed by the Company with the Securities and Exchange Commission, including the Company's most recently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. GameTech does not intend, and undertakes no obligation, to update our forward-looking statements to reflect future events or circumstances[More...]

GameTech and Goodtime Action Games Enter Into Distribution Partnership for the Texas Market

Fri, 12 Jun 2009 00:46:00 GMT

GameTech International, Inc. ") , a leading designer, developer and manufacturer of electronic bingo, gaming equipment, gaming systems, and video lottery terminals, announced today that it has entered into a distributor agreement with Goodtime Action Games, the largest distributor of bingo products, services and games in the Texas bingo market.[More...]

GameTech Announces SEC Filing of Second Quarter Fiscal Year 2009 Financial Results

Sat, 06 Jun 2009 00:03:00 GMT

GameTech International, Inc. , a leading designer, developer and marketer of electronic bingo equipment, bingo systems and video lottery terminals, has filed its second quarter results with the SEC and the Form 10-Q can be accessed via the internet Monday June 8, 2009, at approximately 8:00 a.m. Pacific time. The Quarterly Report includes information about GameTech's financial position and results of operations for the second quarter of fiscal 2009.[More...]

GameTech Announces SEC Filing of First Quarter Fiscal Year 2009 Financial Results

Fri, 06 Mar 2009 23:23:00 GMT

GameTech International, Inc. , a leading designer, developer and marketer of electronic bingo equipment, bingo systems and video lottery terminals, has filed its first quarter results with the SEC and the Form 10-Q can be accessed via the internet Friday March 6, 2009, at approximately 3:00 p.m. Pacific time. The Quarterly Report includes information about GameTech's financial position and results of operations for the first quarter of fiscal 2009.[More...]

GameTech Announces Sergio Pacini as Director of Service Operations

Mon, 23 Feb 2009 21:51:00 GMT

GameTech International, Inc. , a leading designer, developer and marketer of electronic bingo equipment, bingo systems and video lottery terminals, today announced that Sergio Pacini has been named as Director of Service Operations. Mr. Pacini has been involved in gaming for over sixteen years.[More...]

GameTech Names Ted Huff Director of Operations

Mon, 09 Feb 2009 17:07:00 GMT

GameTech International, Inc. , a leading designer, developer and marketer of electronic bingo equipment, bingo systems, and video lottery terminals, today announced that Ted Huff has been named as Director of Operations. The appointment was effective Monday, February 2, 2009. Mr. Huff brings over 20+ years of operations experience to GameTech.[More...]

GameTech Files Its Fiscal Year 2008 Form 10-K

Fri, 30 Jan 2009 23:12:00 GMT

GameTech International, Inc. , a leading designer, developer and marketer of electronic bingo equipment, bingo systems and video lottery terminals, 2008 Annual Report to the shareholders and its Form 10-K will be posted on the internet on Friday January 30, 2009, at approximately 3:00 p.m. Pacific time. The Annual Report will include the annual letter to shareholders and other information about GameTech's financial position and results of operations.[More...]

GameTech Elite(TM) Installed in the United Kingdom

Mon, 05 Jan 2009 23:10:00 GMT

GameTech International, Inc. " or "Company") , a leading designer, developer and marketer of electronic bingo and gaming equipment, systems, and video lottery terminals, announced today the most recent installation of our server-based gaming system, GameTech Elite in the UK. The system was successfully launched this past week. This particular configuration of GameTech Elite supports wireless bingo and fast action gaming for the UK Bingo market.[More...]

GameTech Receives Nevada Gaming Commission License Approval

Thu, 23 Oct 2008 22:57:00 GMT

GameTech International, Inc. , a leading designer, developer and marketer of electronic bingo equipment, bingo systems, video lottery terminals and server based gaming announced today the Nevada Gaming Commission unanimously and unconditionally awarded the Company with licenses for the manufacture and distribution of gaming devices within the State of Nevada. In addition the Company also secured unconditional licenses for the operation of Mobile Gaming Systems and operation of Interlinked Casino Systems within the State of Nevada.[More...]