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Progressivew Gaming chosen by Chilean casino29 May 2008AS VEGAS, Nevada -- (PRESS RELEASE) -- Progressive Gaming International Corporation (NASDAQ:PGIC), a leading provider of diversified products and services used in the gaming industry worldwide, announced today that its Casinolink® Enterprise Edition has been selected as the exclusive slot management system at new casino developments in Chile. The initial agreement represents a total of up to approximately 1,500 slot management system installations that are expected to occur in the third and fourth quarters of 2008 and represents up to approximately $2.3 million of the $3 million backlog of Latin America contracts reported by Progressive Gaming on May 12, 2008. As part of the initial agreement, Progressive Gaming will install its Casinolink slot management system on all 800 slot machines at Casino Marina del Sol, located approximately 500 kilometers South of Santiago and adjacent to the city of Concepciòn, the second largest metropolitan area in Chile. In addition to 800 slot machines, the $90 million complex is expected to open in September 2008 with 50 table games, 120 hotel rooms, a theater and several restaurants. Marina del Sol is a joint venture between the Clairvest Group and Valmar. Michael Wagman, Managing Director of Clairvest, commented, "Deploying Casinolink on the entire slot floor of these facilities will provide us an integrated casino management solution to manage all aspects of our gaming floor. After carefully considering several different slot management systems, Clairvest and our partners chose Casinolink because it provides the most robust suite of tools to maximize our operating efficiencies and deliver an unparalleled gaming experience for our customers." Russ McMeekin, President and Chief Executive Officer of Progressive Gaming, commented, "The selection of Casinolink at these resort casino entertainment complexes in Chile is an important step for Progressive as it marks our entrée in a new Latin American market and further expands our rapidly growing footprint of casino management systems outside of the United States. Casinolink's leading-edge technology provides a customized solution to manage all aspects of their gaming floors on a highly scaleable platform, while delivering an attractive return on investment by optimizing the efficiency, security and entertainment value of their facilities. We look forward to working with our partners in Chile to enhance the gaming floors of these three exciting new resorts." Built on the Microsoft®.NET™ Framework, Casinolink is an innovative suite of proprietary gaming management system products that provide operators with all of the tools needed to analyze and mine the wealth of data collected by the various systems throughout the casino. Casinolink effectively monitors membership and player tracking to validate identification, facilitates player rewards enrollment, analyzes player performance, automates reporting and helps ensure responsible gaming. In addition to its player management features, Casinolink also offers complete cage control functionality that supports multiple currencies, seamlessly integrates with RFID Chip Inventory Systems, controls credit levels, monitors foreign exchange and enhances the player's experience by delivering a full suite of custom branded and prepackaged Jackpot and Mystery progressives. |