Multimedia Games Reports Installed Base of Player Terminals and Product Mix at June 30, 2008

AUSTIN, Texas–(EMWNews)–Multimedia Games, Inc. (Nasdaq: MGAM) (“Multimedia”)

today reported its total player terminal installed base and product mix

at June 30, 2008, and provided updates on the markets served by

Multimedia.

Installed Base / Product Mix Update:

The table below sets forth Multimedia’s

end-of-period, installed player terminal base by product line or market

for the monthly periods ended June 30, 2008 and May 31, 2008.

(1) Includes 252 traditional electronic bingo games installed in certain

international markets.

(2) “Class III Units”

include 50 units installed in Rhode Island. The balance of the unit

totals for both periods reflect the placement of units pursuant to the

approved gaming compact between Native American tribes, racetracks and

the State of Oklahoma, including Multimedia’s

and other vendors’ stand-alone games.

The table below breaks out by product line Multimedia’s

end-of-period, Oklahoma installed player terminal base at June 30, 2008

and May 31, 2008. As of June 30, 2008, Multimedia had placed

approximately 485 proprietary, stand-alone units at Oklahoma tribal

gaming facilities.

(1) “Other Compact Units”

represents server-based games.

Multimedia expects to meaningfully increase its floor presence in

Oklahoma in 2008 due in large part to the completion of a key customer’s

expanded facility in southern Oklahoma. Multimedia expects to add 1,400

units to its installed base at this facility with placements currently

scheduled to commence late in the current quarter.

In the New York Lottery market, Multimedia provides the central

determinant system for video lottery terminals (“VLTs”)

at racetracks in the state for which it receives 0.75% of the net gaming

win for all units installed on the system. As of June 30, 2008, there

were approximately 13,000 VLTs installed at in the state, consistent

with the level reported at May 31, 2008.

Bank Credit Facility:

The outstanding balance of Multimedia’s

$150 million bank credit facility as of both June 30, 2008 and

May 31, 2008 was approximately $105 million.

About the Company:

Multimedia Games is a leading developer and supplier of comprehensive

systems, content, electronic games and player terminals for the Native

American gaming market, as well as for the casino, charity and

international bingo, video lottery, and sweepstakes markets.

Multimedia’s ongoing development and marketing efforts focus on gaming

systems and products for use by Native American tribes throughout the

United States, the commercial casino market, video lottery systems and

other products for domestic and international lotteries, and products

for charity and international bingo and emerging markets, including

sweepstakes, promotional, amusement with prize, and coupon gaming

opportunities. Additional information may be found at www.multimediagames.com.

Cautionary Language

This press release provides updated information concerning only certain

aspects of our operations. In particular, the status of our efforts in

Oklahoma to convert linked, standard-sequence bingo games and server

based compact games to stand-alone machines; the number of installed

VLTs in New York State; and the status of borrowings under our bank

credit facility. Investors are cautioned, however, that our operating

results are determined by a number of factors not discussed in this

release, including, without limitation, the average hold per day

achieved by our machines, our economic arrangements with our customers,

and regulatory and other developments which may be difficult to foresee.

Accordingly, the information provided in this update may not be

indicative of our operating results for this quarter or future quarters.

This press release contains forward-looking statements based on

Multimedia’s current expectations. The word “expects” and similar words

and phrases as they relate to Multimedia are intended to identify such

forward-looking statements. These forward-looking statements reflect the

current views and assumptions of Multimedia, and are subject to various

risks and uncertainties that could cause actual results to differ

materially from expectations. These risks and uncertainties include, but

are not limited to, the risks that for regulatory, competitive or other

reasons Multimedia does not increase the number of placed units in

Oklahoma on the schedule or in the amounts Multimedia expects and the

key customer’s expanded facility does not

open on the anticipated schedule. Other important risks and

uncertainties that may affect Multimedia’s business and operations are

detailed from time to time in the “Certain Risks” and “Risk Factors”

sections and elsewhere in Multimedia’s filings with the Securities and

Exchange Commission. Multimedia disclaims any intention or obligation to

update or revise any forward-looking statements, whether as a result of

new information, future events or otherwise.

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions