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Stock Market & Financial Investment News

News Breaks
February 26, 2013
14:42 EDTMGAMMultimedia Games gets approval from Nevada Gaming Commission for MForce
Multimedia Games (MGAM) announced that its new gaming platform, MForce, has received final approval from the Nevada Gaming Commission, representing a key milestone in the company’s entry into Nevada. With the approval from the Nevada Gaming Commission, Multimedia Games can immediately begin performance field trials with any casino operators in Nevada that run either the IGT Advantage or Bally ACSC slot management systems. The company said it expects to record initial unit sales and recurring revenue placements in the second half of fiscal 2013 and plans to submit eight additional video titles in the next several weeks for approval, which the company expects to receive in its fiscal third quarter. Multimedia Games also said it plans to commence additional technical field trials of its MForce platform and game titles in the state in the coming weeks. These technical trials will be with casino operators that use the Bally SDS system and Aristocrat Oasis system.
News For MGAM From The Last 14 Days
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November 12, 2014
11:21 EDTMGAMMultimedia Games downgraded to Hold from Buy at Stifel
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07:06 EDTMGAMMultimedia Games reports Q4 EPS 12c, may not compare to consensus 30c
Reports Q4 revenue $50.5M, consensus $54.76M. Financial results for the three and twelve month periods ended September 30, 2014 include a pre-tax impact of $6.6 million in selling, general and administrative expenses related to acquisition costs and expenses associated with both the pending acquisition of Multimedia Games (MGAM) by GCA (GCA) and Multimedia Games’ recent acquisition of PokerTek

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