Multimedia Games Reports Installed Base of Player Terminals and Product Mix at June 30, 2008

Business Wire,  July 15, 2008  

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AUSTIN, Texas -- Multimedia Games, Inc. (Nasdaq: MGAM) ("Multimedia") today reported its total player terminal installed base and product mix at June 30, 2008, and provided updates on the markets served by Multimedia.

Installed Base / Product Mix Update:

The table below sets forth Multimedia's end-of-period, installed player terminal base by product line or market for the monthly periods ended June 30, 2008 and May 31, 2008.

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(1) Includes 252 traditional electronic bingo games installed in certain international markets.

(2) "Class III Units" include 50 units installed in Rhode Island. The balance of the unit totals for both periods reflect the placement of units pursuant to the approved gaming compact between Native American tribes, racetracks and the State of Oklahoma, including Multimedia's and other vendors' stand-alone games.

The table below breaks out by product line Multimedia's end-of-period, Oklahoma installed player terminal base at June 30, 2008 and May 31, 2008. As of June 30, 2008, Multimedia had placed approximately 485 proprietary, stand-alone units at Oklahoma tribal gaming facilities.

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(1) "Other Compact Units" represents server-based games.

Multimedia expects to meaningfully increase its floor presence in Oklahoma in 2008 due in large part to the completion of a key customer's expanded facility in southern Oklahoma. Multimedia expects to add 1,400 units to its installed base at this facility with placements currently scheduled to commence late in the current quarter.

In the New York Lottery market, Multimedia provides the central determinant system for video lottery terminals ("VLTs") at racetracks in the state for which it receives 0.75% of the net gaming win for all units installed on the system. As of June 30, 2008, there were approximately 13,000 VLTs installed at in the state, consistent with the level reported at May 31, 2008.

Bank Credit Facility:

The outstanding balance of Multimedia's $150 million bank credit facility as of both June 30, 2008 and May 31, 2008 was approximately $105 million.

About the Company:

Multimedia Games is a leading developer and supplier of comprehensive systems, content, electronic games and player terminals for the Native American gaming market, as well as for the casino, charity and international bingo, video lottery, and sweepstakes markets. Multimedia's ongoing development and marketing efforts focus on gaming systems and products for use by Native American tribes throughout the United States, the commercial casino market, video lottery systems and other products for domestic and international lotteries, and products for charity and international bingo and emerging markets, including sweepstakes, promotional, amusement with prize, and coupon gaming opportunities. Additional information may be found at www.multimediagames.com.

Cautionary Language

This press release provides updated information concerning only certain aspects of our operations. In particular, the status of our efforts in Oklahoma to convert linked, standard-sequence bingo games and server based compact games to stand-alone machines; the number of installed VLTs in New York State; and the status of borrowings under our bank credit facility. Investors are cautioned, however, that our operating results are determined by a number of factors not discussed in this release, including, without limitation, the average hold per day achieved by our machines, our economic arrangements with our customers, and regulatory and other developments which may be difficult to foresee. Accordingly, the information provided in this update may not be indicative of our operating results for this quarter or future quarters.

This press release contains forward-looking statements based on Multimedia's current expectations. The word "expects" and similar words and phrases as they relate to Multimedia are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Multimedia, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These risks and uncertainties include, but are not limited to, the risks that for regulatory, competitive or other reasons Multimedia does not increase the number of placed units in Oklahoma on the schedule or in the amounts Multimedia expects and the key customer's expanded facility does not open on the anticipated schedule. Other important risks and uncertainties that may affect Multimedia's business and operations are detailed from time to time in the "Certain Risks" and "Risk Factors" sections and elsewhere in Multimedia's filings with the Securities and Exchange Commission. Multimedia disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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