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Stephen P. Ives Elected to Serve on Multimedia Games Board of Directors



  Stephen P. Ives Elected to Serve on Multimedia Games Board of Directors

Business Wire

AUSTIN, Texas -- January 30, 2014

Multimedia Games Holding Company, Inc. (Nasdaq:MGAM) (“Multimedia Games” or
the “Company”) announced today that shareholders elected Stephen P. Ives to
serve on Multimedia Games’ Board of Directors at the Company’s 2014 Annual
Meeting of Shareholders. Shareholders also re-elected the six incumbent
director nominees, Stephen J. Greathouse, Neil E. Jenkins, Michael J. Maples,
Sr., Justin A. Orlando, Patrick J. Ramsey and Robert D. Repass, at today’s
annual meeting. Multimedia Games’ Board has seven members, six of whom
(including Mr. Ives) satisfy the standards for director independence under
NASDAQ listing rules.

Stephen P. Ives has over 10 years of gaming industry experience with Betfair
Group plc. (“Betfair”), a global, publicly-traded group of affiliated,
interactive gaming businesses based in London, UK. From 2005 to 2013, he
served on the Board of Betfair’s organization for international operations and
held several senior executive roles in Betfair. Between 2011 and 2013 he was
Managing Director of Betfair Malta and Key Official with the Maltese Lotteries
and Gaming Authority. He also served as the co-Chief Product Officer of
Betfair between 2011 and 2012, and from 2006 to 2011 was the Managing Director
of Betfair Games, where he launched and managed the company’s global gaming
business lines. Mr. Ives joined Betfair in 2002 as Business Development
Director before becoming the Director of Gaming in 2004. Prior to joining
Betfair, Mr. Ives held various positions in investment banking and strategy
consulting in London before moving to Indonesia where he worked with various
online and print media businesses.

“Steve brings extensive knowledge of the interactive gaming industry, as well
as valuable international gaming experience, to our Board,” said Stephen J.
Greathouse, Chairman of the Board of Multimedia Games. “As we continue to
penetrate the domestic gaming market, we believe Steve can offer new
perspectives and expertise in these areas and we look forward to the benefit
of his knowledge and insights in support of our ongoing efforts to grow the
business.”

Shareholders also voted to approve the non-binding advisory resolution on
executive compensation and ratified the appointment of BDO USA, LLP as the
Company’s independent registered public accounting firm for fiscal 2014.

About Multimedia Games Holding Company, Inc.

Through its wholly owned subsidiary, Multimedia Games, Inc., Multimedia Games
Holding Company, Inc. (NASDAQ: MGAM) (“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
and commercial casinos. Revenue is primarily derived from gaming units in
operation on revenue-sharing arrangements. The company also offers and
generates revenue from the sale of gaming units and systems that feature
proprietary game content and game themes licensed from others. 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 commercial and tribal casinos and VLT markets. Please visit
www.multimediagames.com, twitter.com/MultimediaGames or
facebook.com/MultimediaGames, where Multimedia Games discloses important
information about the company, its sales, and its business.

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”, “should”, 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. These forward-looking statements
include, but are not limited to, expectations regarding entry into new markets
and expansion in our existing markets; opportunities for future expansion and
expected growth; management’s plans and objectives for future operations;
business prospects; and other statements that are not historical facts. 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, the ability of Multimedia Games
to expand and maintain its addressable markets; maintain strategic alliances;
grow its revenue, gaming operations or game sales businesses; garner new
market share; secure new licenses and game approvals in new and current
jurisdictions; comply with regulations; or have its games met with approval by
customers or players. 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 or James Leahy
212-835-8500
mgam@jcir.com
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