CasinoCityTimes.com

Home
Gaming Strategy
Featured Stories
News
Newsletter
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
SEARCH NEWS:
Search Our Archive of Gaming Articles 
 

Mikohn Gaming, DP Stud Sign Agreement

20 June 2003

LAS VEGAS -- (Press Release) -- Mikohn Gaming Corporation (NASDAQ: MIKN) a recognized leader in the specialty table games market today announced that it has entered into a joint development, licensing and marketing agreement with DP Stud Incorporated, the well-known exclusive licensee of the Caribbean Stud table game in Nevada.

Under the terms of the agreement, both parties will share their respective intellectual properties to develop next generation specialty table games. This first-of-its-kind partnering of intellectual properties will form the basis of a patent pool consortium to develop new game themes to bring to the worldwide table game market. The first offering resulting from this will be the Tropical Stud table game, a variation of the highly popular Caribbean Stud game.

Bob Parente, Mikohn's Executive Vice President commented, "the combination of new themes, side bet and progressive technologies will result in exciting, innovative table game offerings unlike anything the industry has seen before."

Russ McMeekin, President and Chief Executive Officer added, "We will be focusing on our unique IP and our partner's unique game innovations. By combining forces, we will be very well positioned to reset our table game growth strategies and regain our leadership position in this highly lucrative market."

"We are very pleased to have joined forces with Mikohn to bring Tropical Stud and other new titles to the specialty tables games market. The ability to partner and develop a wide area progressive for specialty tables is an extremely exciting and synergistic business model. By combining the talents and properties of both companies we will greatly reduce time to market for new titles," concluded Lou DeGregorio, Co-founder of DP Stud, Incorporated.

Mikohn is a diversified supplier to the casino gaming industry worldwide, specializing in the development of innovative products with recurring revenue potential. The company develops, manufactures and markets an expanding array of slot games, table games and advanced player tracking and accounting systems for slot machines and table games. The company is also a leader in exciting visual displays and progressive jackpot technology for casinos worldwide. There is a Mikohn product in virtually every casino in the world.

Founded in 1990, DP Stud Incorporated is the first company to lease proprietary table games, containing a progressive feature in the United States. They have since been operating successfully within the state of NV. DP Stud is best for their variety of table games utilizing the excitement of a progressive jackpot.

< Gaming News