Multimedia Games 4Q Profit Sinks
Video lottery and bingo terminal maker Multimedia Games Inc. said Thursday its profit fell 96 percent in the fourth quarter, weighed down in part by a slow migration to newer machines.
Related Bingo News:
- Multimedia Games 1Q Profit Tumbles
- Multimedia Games 2Q Profit Falls
- Multimedia Games 4Q Profit Plunges
- Multimedia Games CFO Resigns
- Multimedia Games Seeks CFO
- Multimedia Games Downgraded by Merriman
- Multimedia Games Shares Drop on 3Q Miss
- Multimedia Games to supply Mexican bingo halls
- Multimedia Games: A Bull Turns Bear
- Multimedia Games Plans Tender Offer
- Multimedia Games Awarded Contract to Develop Bingo System for Ontario Lottery and Gaming Corporation
- Multimedia Tender Offer Totals 2M Shares
Gambling history facts:
- French mathematicians Pierre de Fermat and Blaise Pascal explored the mathematics of gambling, leading to the formulation of Pascal's theory of probability in 1654.
- The MGM Grand, situated on the a Las Vegas strip has come up with a brand new slogan to promote the casino, "Think of all the New Year's resolutions you'll break." Some say it might even rival the famous Las Vegas catchphrase, "What happens here, stays here."
- Charles Fey invented the first slot machine way back in 1895. He went on to perfect his initial innovation in 1907, when he teamed with Mills Novelty Company who manufactured the "Mills Liberty Bell".
- Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
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