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Elixir Gaming releases update7 January 2008LAS VEGAS, Nevada -- (PRESS RELEASE) -- Elixir Gaming Technologies, Inc. (AMEX:EGT) ("Elixir Gaming" or "the Company") today announced that the Company's installed base of electronic gaming machines was 1,542 units as of December 31, 2007, exceeding previous market guidance. The units are installed across 12 venues, with 566 installed at 3 venues in the Philippines and 976 installed at 12 venues in Cambodia. As with all of the Company's agreements to date, Elixir Gaming has 100% of the gaming machine floor at each of the 12 venues noted above and receives no less than 20% of the net gaming win from the machines. Gordon Yuen, Executive Chairman and CEO of Elixir Gaming, commented, "Our 2007 year-end installed base of 1,542 gaming devices provides a solid base from which to achieve a growing stream of daily recurring revenues throughout 2008. The significant number of venues recently brought into operation proves Elixir International's execution capability. We believe that the installed base can continue to increase by an average of approximately 1,000 units on a quarterly basis throughout 2008." Joe Pisano, Senior VP of Elixir Gaming, added, "We are making solid progress towards achieving our internal target of having an installed base in excess of 2,500 gaming machines by late March/early April 2008. The contracted pipeline to place gaming machines on a participation basis continues to steadily grow - as does the average daily net win at the venues currently in operation." |