WMS Announces Multi-Year B2B Online Gaming Agreement with The Rank Group PLC
- Global Access to Premium WMS Video Slot Gaming Content Increases through Rank's Interactive Casino and Bingo Offering -
WAUKEGAN, Ill.--(BUSINESS WIRE)-- Williams Interactive LLC, a wholly owned subsidiary of WMS Industries Inc. (NYS: WMS) , announced today that the Company has entered into a multi-year online content licensing agreement with The Rank Group Plc., a leading European gaming-based entertainment company. The group's online brands, Meccabingo.com and Grosvenorcasinos.com, will have access to WMS' online library of authentic slot games including THE WIZARD OF OZ™, Zeus™, Reel 'Em In® and Jackpot Party® games.
The WMS video slot content is expected to be available on Meccabingo.com and Grosvenorcasinos.com before the second half of the year; and is made possible by the seamless integration with OpenBet's Remote Gaming Interface, an integral part of the platform used by Rank's online casino websites.
Orrin J. Edidin, President of WMS Industries Inc. and CEO and President of Williams Interactive LLC, said, "Over the course of the last 75 years, The Rank Group Plc has thrilled millions of people the world over, building iconic and much-loved entertainment brands in the process. WMS slot games will further support the continued growth of Rank and expand its entertainment offering with the launch of our classic WMS slot games.
"The alliance with The Rank Group Plc is another premier endorsement of WMS' online gaming capabilities and demonstrates our growing momentum in expanding the worldwide audience for our gaming content. I'm confident that as we bring new levels of excitement and entertainment to its online communities we will achieve great success together in the years to come."
Joe Hine, Head of Commercial at Rank Interactive comments, "We're pleased to be able to bring such new and exciting video slots content to our online players. We continuously strive to keep our product offering fresh and as a result the user experience both thrilling and entertaining and we believe that WMS games will do just that."
WMS serves the gaming industry worldwide by designing, manufacturing and marketing games, video and mechanical reel-spinning gaming machines, video lottery terminals and in gaming operations, which places leased participation gaming machines in legal gaming venues. The Company also develops and markets digital content, products, services and end-to-end solutions that address global online wagering and interactive social, casual and mobile gaming opportunities. More information on WMS and Williams Interactive can be found at www.wms.com or www.williamsinteractive.com or visit the Company on Facebook®, Twitter® or YouTube®.
About The Rank Group PLC
The Rank Group PLC is a leading European gaming-based entertainment company headquartered in Great Britain and listed on the London Stock Exchange. For three-quarters of a century, Rank's iconic 'gongman' has signiﬁed a world of entertainment. From the Company's origins in motion pictures to today's gaming and entertainment brands Rank have sought to enrich lives by ﬁlling them with thrilling experiences. Over the course of 75 years, our teams have thrilled millions of people the world over, building iconic and much-loved entertainment brands in the process.
THE WIZARD OF OZ and all related characters and elements are trademarks of and © Turner Entertainment Co. (s13)
This press release contains forward-looking statements concerning our future business performance, strategy, outlook, plans, products and liquidity. Forward-looking statements may be typically identified by such words as "may," "will," "should," "expect," "anticipate," "plan," "likely," "believe," "estimate," "continue," "project," and "intend," among others. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, any or all of our forward-looking statements may prove to be incorrect. Consequently, no forward-looking statements may be guaranteed. We undertake no obligation to update such forward looking statements, all of which are made only as of this date, March 7, 2013. Factors which could cause our actual results to differ from those projected or contemplated in any such forward-looking statements include, but are not limited to, the following factors: (1) our business may be disrupted while the acquisition by Scientific Games is pending or if the acquisition is not consummated as our ability to transact business with customers, suppliers and other business partners may be adversely affected; (2) in the event our recently announced acquisition by Scientific Games is not consummated, the price of our stock may be affected; (3) it may be difficult for us to retain and recruit employees in vital areas while the acquisition is pending or if it fails; (4) in connection with the recent implementation of our enterprise resource planning system, there is the risk of inaccurate data or reporting and significant design errors that could have a negative effect on our operating results and impact our ability to manage our business which could constitute significant deficiencies; (5) delay or refusal by regulators to approve our new gaming platforms, cabinet designs, game themes and related hardware and software; (6) changes in regulations or regulatory interpretations that may adversely affect existing product placements or future placements; (7) an inability to introduce in a timely manner new games and gaming machines that achieve and maintain market acceptance; (8) a decrease in the desire of casino customers to upgrade gaming machines or allot floor space to leased or participation games, resulting in reduced demand for our products; (9) a reduction in capital spending or interruption in payments by casino customers associated with business weakness or economic uncertainty that adversely affects our customers' ability to make purchases or pay; (10) a greater-than-expected demand for operating leases by customers over outright product sales or sales financing leases that shift revenue recognition from a single period to the term of such operating leases; (11) a reduction in play levels of our participation games by casino patrons, whether due to economic conditions or increased placements of competitive product; (12) inability of suppliers of key components to timely meet our requirements to fulfill customer orders; (13) increased pricing or promotional competitive activity that adversely affects our average selling price or product revenues; (14) a failure to obtain and maintain our gaming licenses and regulatory approvals; (15) failure of customers or players to adapt to the new technologies that we introduce in new product concepts; (16) a software anomaly or fraudulent manipulation of our gaming machines and software; (17) a failure to obtain the right to use or an inability to adapt to rapid development of new technologies; (18) an infringement claim seeking to restrict our use of material technologies; (19) risks of doing business in international markets, including political and economic instability, terrorist activity, changes in importation and repatriation regulations such as currently experienced in Argentina, and foreign currency fluctuations; and (20) the unfavorable outcome of any legal proceedings in which we may be involved from time to time. These factors and other factors that could cause actual results to differ from expectations are more fully described under "Item 1. Business", "Item 1A. Risk Factors" and "Legal Proceedings" in our Annual Report on Form 10-K for the year ended June 30, 2012, and our more recent reports filed with the U.S. Securities and Exchange Commission.
WMS Industries Inc.
William H. Pfund, 847-785-3167
VP Investor Relations
Joseph N. Jaffoni or Richard Land
WMS Industries Inc.
Mollie Cole, 773-961-1194
FOR The Rank Group PLC:
The Rank Group Plc
Amy Culora, +44 7714 837120
KEYWORDS: United States North America Illinois
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