Multimedia Games Receives Nevada Gaming Commission Approval for New MForce™ Gaming Platform

  Multimedia Games Receives Nevada Gaming Commission Approval for New MForce™
  Gaming Platform

Business Wire

AUSTIN, Texas -- February 26, 2013

Multimedia Games Holding Company, Inc. (Nasdaq: MGAM) (“Multimedia Games” or
the “Company”) announced today that its new gaming platform, MForce^™, has
received final approval from the Nevada Gaming Commission, representing a key
milestone in the Company’s entry into Nevada, the country’s largest gaming
market. The approval of the MForce operating system and two video slot machine
titles follows two successful technical field trials at the MGM Grand Hotel
and Casino and The Orleans Hotel and Casino in Las Vegas.

With the approval from the Nevada Gaming Commission, Multimedia Games can
immediately begin performance field trials with any casino operators in Nevada
that run either the IGT Advantage or Bally ACSC slot management systems. The
Company expects to record initial unit sales and recurring revenue placements
in the second half of fiscal 2013 and plans to submit eight additional video
titles in the next several weeks for approval, which the Company expects to
receive in its fiscal third quarter.

Multimedia Games also plans to commence additional technical field trials of
its MForce platform and game titles in the state in the coming weeks. These
technical trials will be with casino operators that use the Bally SDS system
and Aristocrat Oasis system.

Patrick Ramsey, President and Chief Executive Officer of Multimedia Games,
commented, “The approval of our gaming platform and two slot titles is a
significant milestone in our efforts to dramatically expand the Company’s
total addressable market. We greatly appreciate the efforts of the Nevada
Gaming Commission, the Nevada Gaming Control Board and our field trial
partners. We believe our unique games and the entertainment experiences they
deliver to players will appeal to operators in the state and create a
long-term growth opportunity for the Company.”

About Multimedia Games Holding Company, Inc.

Through its wholly owned subsidiary, Multimedia Games Holding Company, Inc.
(“Multimedia Games”) develops and distributes gaming technology. The company
is a creator and supplier of comprehensive systems, content and electronic
gaming units for Native American gaming markets, as well as for commercial
casinos and charity and international bingo markets. Revenue is primarily
derived from gaming units in operation domestically and internationally
installed on revenue-sharing arrangements. Multimedia Games also supplies the
central determinant system for the video lottery terminals (“VLTs”) installed
at racetracks in the State of New York. The company is focused on pursuing
market expansion and new product development for Class II, Class III and VLT
markets. Additional information may be found at www.multimediagames.com.

Cautionary Language

This press release contains forward-looking statements based on Multimedia
Games' current expectations and projections, which are intended to qualify for
the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. The words "believe", "expect", "continue",
"intend", "plan", "seek", "estimate", project", "may", or the negative or
other variations thereof or comparable terminology as they relate to
Multimedia Games and its products, plans, and markets are intended to identify
such forward-looking statements. All forward-looking statements are based on
current expectations and projections of future events.

These forward-looking statements reflect the current views, models, and
assumptions of Multimedia Games, and are subject to various risks and
uncertainties that cannot be predicted or qualified and could cause actual
results in Multimedia Games' performance to differ materially from those
expressed or implied by such forward looking statements. These risks and
uncertainties include, but are not limited to, technical, contractual or
scheduling difficulties in commencing planned field trials; the ability of
Multimedia Games to maintain strategic alliances; increase its unit
placements, installations or installed-base; grow revenue; garner new market
share; secure new licenses in new jurisdictions, including in Nevada;
successfully develop or place proprietary product; comply with regulations; or
have its games or platforms approved by relevant jurisdictions, including any
approvals by the Nevada Gaming Commission. Please refer to the Company’s most
recent Form 10-K and subsequent filings with the Securities and Exchange
Commission for a further discussion of risks and uncertainties. All
forward-looking statements made herein are qualified by these cautionary
statements and there can be no assurance that the actual results, events or
developments referenced herein will occur or be realized. Readers are
cautioned that all forward-looking statements speak only to the facts and
circumstances present as of the date of this press release. Multimedia Games
expressly disclaims any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

Contact:

Multimedia Games Holding Company, Inc.
Adam Chibib, 512-334-7500
Chief Financial Officer
or
JCIR
Richard Land
James Leahy
212-835-8500
mgam@jcir.com
 
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