GLI approves Progressive gaming product
Progressive Gaming has a limited exclusive license agreement with Harrah's Licensing Company, LLC, an affiliate of Harrah's Entertainment, Inc. (NYSE:HET), whereby Progressive Gaming was granted the right to develop the World Series of Poker brand as a systems based gaming product. World Series of Poker "Peer to Peer" Texas Hold'em offers many of the popular features of "internet style" poker including cashless account-based wagering, the option to play multiple tables/tournaments at the same time and the ability for a player to view their account history, a summary of recently-played games, and even a statistical breakdown of their play. This multi-player poker system is designed to allow patrons to compete against other players over a real time secure intranet server, allowing operators to offer an unlimited number of tables and variety of configurations and limits while tracking play and delivering promotions through their existing player rewards system. Poker players will no longer need to be physically located at a poker table as they will be able to play World Series of Poker "Peer to Peer" Texas Hold'em at a variety of locations within a casino, including at bars, restaurants or lounges, against players located at the same site or across multiple properties.
Derek Harmer, Senior Vice President of Global Sports and Wireless Operations for Progressive Gaming, commented, "World Series of Poker 'Peer to Peer' Texas Hold'em server based gaming system provides operators with the ability to generate additional gaming revenue without the need to replace existing gaming units on their casino floors. The product re-creates the excitement of an Internet poker room within the confines of a regulated casino, and its functionality allows operators to leverage available floor space that previously was not used for gaming options.
"We are pleased to announce this key approval following our recent showcase of this product to our diverse global customer base at the ICE show in London and we plan the commercial introduction of both the wired and wireless versions of World Series of Poker 'Peer to Peer' Texas Hold'em in certain GLI regulated casinos throughout the balance of the year. With the global recognition of the World Series of Poker brand and the potential for this product to generate additional revenues at the more than 5,000 regulated gaming venues throughout the world, we believe that over time, World Series of Poker 'Peer to Peer' Texas Hold'em will generate a meaningful installed base and growing revenue contributions for Progressive."
GLI is the gaming regulatory lab for substantially all Native American casinos, multiple states in North America, most riverboat casinos, and several gaming venues across Canada as well as a variety of international jurisdictions throughout Europe, South America, and Asia.