DEQ Systems Corp. (TSX VENTURE: DEQ) announced today that it has granted a national patent licence to Harrah's Operating Company, Inc., a subsidiary of Harrah's Entertainment, Inc. (NYSE: HET), the world's largest provider of branded casino entertainment through operating subsidiaries. The licence grants the right to Harrah's to integrate the G3™ and G3™ related intellectual property in more than 40 casinos in the United States.
Harrah's decision to integrate the IGWB Platinum Award-winning G3™ was preceded by a due diligence process, which included on-site visits to DEQ international clients. Harrah's has chosen the Paris® Las Vegas Hotel & Casino and Bally's® Las Vegas Hotel & Casino for the first integration, which will proceed following approval of the G3™ by the Nevada Gaming Control Board.
"The G3™ has proven its performance capability to drive new and incremental revenue growth," said Gerry Tuthill, Harrah's Vice President Table Games. "We are excited to be the sponsor for DEQ in Nevada, as well as to be the first gaming company in the United States to integrate this cutting edge product. We are eager to see the results G3™ is expected to produce for us."
Earle G. Hall, DEQ's CEO stated: "DEQ has worked many years to achieve this. Having Harrah's as a sponsor is the ideal way for DEQ to enter the United States and deploy the G3™. Our product has outperformed competition in more than 30 countries and we are eager to demonstrate the G3™'s capability to increase table game revenues in North America. Harrah's support and commitment to the G3™ have played a key role in getting us where we are today and we are very grateful to have such a prestigious sponsor on our side."
The G3™ Side Betting and Table Game Bonusing System is a system that enhances table games with revenue generating bonusing features such as linkable Progressive and Random Jackpot Prizes, Mystery Prizes, Multiple Bet side betting, and Dealer Hand side betting. As well, the G3™ features extensive reporting and performance data, electronic rake and collection fees, multimedia animation and sound effects. The G3™ can be installed on any table game such as Poker, Blackjack and Baccarat.
About DEQ Systems Corp.
DEQ is a worldwide provider of gaming technology products including multiple bet electronic side-betting systems. DEQ's products are present in 200 casinos located in more than 30 countries around the world. DEQ has developed and holds an extensive international patent portfolio that is the basis of the current product line.
Forward-looking statements contained in this Press Release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.
TSX Venture does not accept any responsibility regarding the accuracy of the information contained in this press release.
Contacts: DEQ Systems Corp. Earle G. Hall President & CEO 418-839-3012 418-839-5956 (FAX) earle.hall@deq.com info@deq.com
DEQ Systems Corp. Francois Proulx Vice President, Finance 418-839-3012 418-839-5956 (FAX) francois.proulx@deq.com www.deq.com
SOURCE: DEQ Systems Corp.
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