HAMDEN, Conn., July 10, 2008 (PRIME NEWSWIRE) -- TransAct Technologies Incorporated (Nasdaq:TACT), a global leader in market-specific printers for transaction based industries, today announced that its Epic 950(r) printer has been installed in all 1,500 slot games at the new MGM Grand at Foxwoods(r) casino in Connecticut. The MGM Grand at Foxwoods(r) includes an 825-room hotel, 4,000-seat grand theater, a convention center and ballroom, nightclubs, and 1,500 more slot machines.
"We are extremely pleased to again be chosen as the printer of choice by the Foxwoods Resort," said Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies. "When the transition to TITO technology began some years ago, Foxwoods chose our thermal slot machine printers exclusively for the 6,500 slot games on their casino floor. We are very pleased with Foxwoods' confidence in TransAct's printer technology and their decision to once again choose our Epic 950(r) slot machine printer as the sole printing solution for this latest multi-million dollar expansion."
Dennis Cavanaugh, Director of Gaming Operations at MGM Foxwoods, said, "Patrons at Foxwoods expect a premier-class gaming experience. We want to ensure that we continue to deliver the best that the industry has to offer. Key to achieving this goal is offering the latest games with the most advanced technology. TransAct's Epic 950(r) was a clear choice for us. Its innovative technology and proven performance deliver benefits to both our players and our staff."
About TransAct Technologies Incorporated
TransAct Technologies Incorporated (Nasdaq:TACT) is a leader in developing and manufacturing market-specific printers for transaction-based industries. These industries include casino, gaming, lottery, point-of-sale, kiosk and banking. Each individual market has distinct, critical requirements for printing and the transaction is not complete until the receipt and/or ticket is produced. TransAct printers are designed from the ground up based on market specific requirements and are sold under the Ithaca(r) and Epic product brands. TransAct distributes its products through OEMs, value-added resellers, selected distributors, and direct to end-users. TransAct has over two million printers installed around the world. TransAct also has a strong focus on the after-market side of the business, with a high commitment to printer service, supplies and spare parts. TransAct is headquartered in Hamden, CT. For more information on TransAct, visit www.transact-tech.com or call 203.859.6800.
About Foxwoods
North America's largest casino, Foxwoods Resort Casino(r) is located in the rolling hills of southeastern Connecticut and is easily accessible from Boston, New York, Hartford and Providence. Owned by the Mashantucket Pequot Tribal Nation, Foxwoods features six casinos with more than 7,200 slots, 380 table games, the only WPT World Poker Room(TM) in New England, High Stakes Bingo and Ultimate Race Book. There are 1,416 guest rooms and suites in three hotels, more than 30 restaurants, a luxurious spa, more than 50,000 square feet of premium meeting and event space, 24 retail shops and five entertainment venues, including the 1,400-seat Fox Theatre. Conveniently located adjacent to Foxwoods is Lake of Isles(TM), featuring two, 18-hole championship golf courses designed by Rees Jones and a state-of-the-art Golf Academy. In May 2008, the $700 million MGM Grand at Foxwoods(r) debuted, adding 825 luxurious guest rooms, 115,000 square feet of meeting space, a 4,000-seat MGM Grand Theater, 21,000-square-foot spa as well as more dining, retail and gaming facilities, bolstering Foxwoods' preeminence as the East Coast's ultimate casino resort destination. Foxwoods supports responsible gaming, and plays a leadership role in the Connecticut Council of Problem Gambling, of which it was a founding entity. For more information, call 1-800-FOXWOODS or visit http://www.foxwoods.com
Forward-Looking Statements:
Certain statements in this press release include forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "project" or "continue" or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but are not limited to, customer acceptance and market share gains, both domestically and internationally, in the face of substantial competition from competitors that have broader lines of products and greater financial resources; introduction of new products into the marketplace by competitors; successful product development; dependence on significant customers; dependence on significant vendors; the ability to recruit and retain quality employees as the Company grows; dependence on third parties for sales outside the United States, including Australia, New Zealand, Europe, Latin America and Asia; economic and political conditions in the United States, Australia, New Zealand, Europe, Latin America and Asia; marketplace acceptance of new products; risks associated with foreign operations; availability of third-party components at reasonable prices; price wars or other significant pricing pressures affecting the Company's products in the United States or abroad; and risks associated with potential future acquisitions. Actual results may differ materially from those discussed in, or implied by, the forward-looking statements. The forward-looking statements speak only as of the date of this release and the Company assumes no duty to update them to reflect new, changing or unanticipated events or circumstances.