🖐 Multimedia Games to be acquired for $B - Austin Business Journal

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Multimedia Games Holding Company Inc. NASDAQ:MGAM. SummaryFactSheet​Financial. Notice. Stock data is unavailable or the company's delisted. Price.


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Multimedia Games Holding Company, Inc. (NASDAQ: MGAM) (“Multimedia Games” or the “Company”) announced today that it completed the.


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Global Cash Access Holdings Inc. agreed to buy growing casino-games maker Multimedia Games Holding Co. Inc. for $ billion in cash.


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Multimedia Games Holding Company, Inc. (Nasdaq:MGAM) (“Multimedia Games”​) announced today that at a special meeting of shareholders.


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Austin-based Multimedia Games Inc., which develops slot machines and operates in several markets throughout the country, is being sold to.


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Multimedia Games is a leading developer and supplier of comprehensive systems, content, electronic games and player terminals for the Native American​.


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Ram V. The proposed acquisition is subject to customary closing conditions, including receipt of MGAM shareholder approval and antitrust and gaming regulatory approvals, and is currently expected to be completed in early The transaction is expected to be immediately accretive to GCA stockholders as of the closing date of the acquisition. Except as required by applicable law, neither GCA nor Multimedia Games undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. Investor Conference Call and Webcast. GCA has not independently verified such information and makes no repress releases as to the accuracy of such information. Consequently, no forward-looking statements may be guaranteed and there can be no assurance that the actual results or developments anticipated by such forward looking statements will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, GCA or Multimedia Games or their respective businesses or operations. This press release may contain industry market data, industry forecasts and other statistical information. The company is focused on pursuing market expansion and new product development for commercial and tribal casinos and VLT markets. Throughout this document pertaining to the merger transaction between GCA and Multimedia Games, we make forward-looking statements within the meaning of the U. Forward-Looking Statements. Private Securities Litigation Reform Act of Although we believe the expectations reflected in any forward-looking statements are reasonable, they involve known and unknown risks and uncertainties, are not guarantees of future performance, and actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements and any or all of our forward-looking statements may prove to be incorrect. Participants in the Solicitation. Additional information regarding these persons and their interests in the merger will be included in the proxy statement relating to the proposed merger when it is filed with the SEC. Securities and Exchange Commission. Such information has been obtained from publicly available information and industry publications. Advisory Partners. These documents can be obtained free of charge from the sources indicated above.

Exhibit The transaction has been unanimously approved by the boards of directors of the two companies. Patrick J. Revenue is derived from gaming units in operation on revenue-sharing arrangements as well as from the sale of gaming units and systems that feature proprietary game content and game themes licensed from others.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak click at this page as of the date of this communication.

This press release includes several multimedia games measures that were not prepared in accordance with generally accepted accounting inc in multimedia games United States GAAP. The company is a creator and supplier of comprehensive systems, content and electronic multimedia games units for Native American and commercial casinos.

Transaction Highlights. Multimedia Games defines Adjusted EBITDA as net income before net interest inc, income multimedia games, depreciation, amortization and accretion of contract rights.

The conference call may be accessed live over the phone by dialing or for international callers by dialing EDT and may be accessed by dialing or for international callers; the pin number is GCA is a leading provider of fully integrated cash access solutions and related services to the gaming industry. The proposed acquisition will be financed with debt and cash on hand for which GCA has secured committed debt financing. The definitive proxy statement will be sent or given to the shareholders of Multimedia Games and will contain important information about the proposed transaction and related matters. Multimedia Games also intends to file with the SEC other documents regarding the proposed transaction. Additional Notes. GCA and Multimedia Games and their respective directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed merger. GCA and Multimedia Games do not intend, and assume no obligation, to update any forward-looking statements. This communication is being made in respect of the proposed transaction involving GCA and Multimedia Games. Additional Information.