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Progressive Gaming Reports Product Update

LAS VEGAS -- (PRESS RELEASE) -- Progressive Gaming International Corporation (Nasdaq:PGIC) a leading provider of diversified products and services used in the gaming industry worldwide announced today progress on two key product initiatives. First, the Company believes the table management system related to the next generation high speed RFID bet recognition and player tracking is on schedule to begin commercialization in the current fiscal quarter. The Company expects one or more casino operators to have this system operating in a test lab environment sometime later this month. Second, Rapid Bet Live is currently being reviewed by certain gaming regulatory agencies, with

In addition, the Company announced that it expects to publish its full year fiscal 2005 operating results on schedule on or before March 16, 2006, and that its external auditors have recently commenced their year end audit.

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