GameTech to Acquire Summit Amusement & Distributing, Ltd.
RENO, Nevada (PRESS RELEASE) — GameTech International, Inc. (Nasdaq: GMTC), a leading developer and manufacturer of electronic bingo equipment and bingo systems, announced today that it has entered into a definitive agreement with privately-held Summit Amusement & Distributing, Ltd. to acquire substantially all of the assets of Summit.
Related Bingo News:
- GameTech International, Inc. Announces Agreement to Acquire Summit Amusement & Distributing, Ltd.
- GameTech Announces Kevin Peterson General Manager of Summit Gaming Division
- GameTech Names Marcia R. Martin as Chief Financial Officer
- Wednesday June 11, 2008 - 00:10 EST
- Summit Gaming’s New Product Line Results in Its Largest Single-Day Sales in the State of Louisiana
- GameTech Announces European Wireless Gaming
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- GameTech reports European wireless gaming deal
- GameTech Rises on Bingo Product Pact
- GameTech Successfully Defends Patent Case Appeal Against Planet Bingo
- GameTech 4Q Profit Inches Up
- GameTech finance officer resigns
Interesting gambling information:
- The most popular form of charitable gambling is bingo. In California, bingo is the only charitable game that is legal.
- Bingo as we know it today is a form of lottery and is a direct descendant of Lo Giuoco del Lotto d'Italia - the Italian National Lottery organized in 1530.
- People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
- The El Rancho Casino & Hotel in Las Vegas was known for a few firsts. It was the first casino/resort on the Strip opening in 1941 with 63 guestrooms. It was also the first to offer a buffet. The cost of the buffet was only $1.00! The El Rancho burned down in 1960 and fortunately no one was hurt.
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