CityCenter and International Game Technology (NYSE:IGT) have signed a formal memorandum of understanding pertaining to installing a server-based network and related IGT sb(TM) and gaming management system products at the development’s resort casino scheduled to open in late 2009.
IGT’s award-winning sb(TM) Service Window and a server-based casino floor network will provide the basis for the first floorwide installation of a system of this kind. The Service Window will be accessible to players via slot machines and eventually table games to link them to their MGM MIRAGE Players Club accounts and to various services. Server-based technology represents an exciting evolution in the gaming industry, and IGT and CityCenter look forward to working closely with Nevada gaming regulators to make this advancement a reality.
CityCenter is an $8 billion mixed-use development jointly owned by MGM MIRAGE (NYSE:MGM) and Dubai World. “We will continue to work with MGM MIRAGE and our other test locations that have been working with us on the development and testing of these new products to refine the various aspects of the system and prepare for CityCenter’s floorwide deployment of IGT’s sb(TM) products,” said Steve Morro, IGT’s Chief Operating Officer.
“Work has already begun with other manufacturers and suppliers on making this all come together for the CityCenter opening.” William P. McBeath, President and Chief Operating Officer of CityCenter’s casino resort, said, “We are always exploring new innovations that will both enhance the customer experience and set us apart in the industry.” CityCenter is a dazzling vertical city in the heart of the Las Vegas Strip between Bellagio and Monte Carlo resorts.
The development combines into a single urban core approximately 2,650 luxury residences, two 400-room non-gaming boutique hotels (one of which will be managed by luxury hotelier Mandarin Oriental), a dramatic 61-story, 4,000-room resort casino, and a 500,000-square-foot retail and entertainment district. CityCenter is a design collaboration with eight of the world’s foremost architects including Foster and Partners, Gensler, Helmut Jahn, KPF Architects, Pelli Clarke Pelli, Rockwell Group, RV Architecture LLC led by Rafael Vinoly, and Studio Daniel Libeskind. Risks related to construction and development projects: The Company’s plans for future construction can be affected by a number of factors, including time delays in obtaining necessary governmental permits and approvals and legal challenges.
The Company may make changes in project scope, budgets and schedules for competitive, aesthetic or other reasons, and these changes may also result from circumstances beyond the Company’s control. These circumstances include weather interference, shortages of materials and labor, work stoppages, labor disputes, unforeseen engineering, environmental or geological problems, and unanticipated cost increases. Any of these circumstances could give rise to delays or cost overruns.
International Game Technology (NYSE:IGT) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.
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