LAS VEGAS--(BUSINESS WIRE)--Progressive Gaming International Corporation (NASDAQ: PGIC - News) (the “Company”), a leading provider of diversified technology and system solutions used in the gaming industry worldwide, announced today that Gaming Laboratories International Inc. (GLI) has approved the commercial versions of the Company’s server based World Series of Poker® “Peer to Peer” Texas Hold’em game. The Company expects to begin placing World Series of Poker “Peer to Peer” Texas Hold’em in Harrah’s casinos in certain GLI markets in which they operate prior to making the product available to customers worldwide.

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Progressive Gaming has a limited exclusive license agreement with Harrah’s Licensing Company, LLC, an affiliate of Harrah’s Entertainment, Inc. (NYSE:HET - News), whereby Progressive Gaming was granted the right to develop the World Series of Poker brand as a systems based gaming product. World Series of Poker “Peer to Peer” Texas Hold’em offers many of the popular features of “internet style” poker including cashless account-based wagering, the option to play multiple tables/tournaments at the same time and the ability for a player to view their account history, a summary of recently-played games, and even a statistical breakdown of their play. This multi-player poker system is designed to allow patrons to compete against other players over a real time secure intranet server, allowing operators to offer an unlimited number of tables and variety of configurations and limits while tracking play and delivering promotions through their existing player rewards system. Poker players will no longer need to be physically located at a poker table as they will be able to play World Series of Poker “Peer to Peer” Texas Hold’em at a variety of locations within a casino, including at bars, restaurants or lounges, against players located at the same site or across multiple properties.

Derek Harmer, Senior Vice President of Global Sports and Wireless Operations for Progressive Gaming, commented, “World Series of Poker ‘Peer to Peer’ Texas Hold’em server based gaming system provides operators with the ability to generate additional gaming revenue without the need to replace existing gaming units on their casino floors. The product re-creates the excitement of an Internet poker room within the confines of a regulated casino, and its functionality allows operators to leverage available floor space that previously was not used for gaming options.

“We are pleased to announce this key approval following our recent showcase of this product to our diverse global customer base at the ICE show in London and we plan the commercial introduction of both the wired and wireless versions of World Series of Poker ‘Peer to Peer’ Texas Hold’em in certain GLI regulated casinos throughout the balance of the year. With the global recognition of the World Series of Poker brand and the potential for this product to generate additional revenues at the more than 5,000 regulated gaming venues throughout the world, we believe that over time, World Series of Poker ‘Peer to Peer’ Texas Hold’em will generate a meaningful installed base and growing revenue contributions for Progressive.”

GLI is the gaming regulatory lab for substantially all Native American casinos, multiple states in North America, most riverboat casinos, and several gaming venues across Canada as well as a variety of international jurisdictions throughout Europe, South America, and Asia.

About Progressive Gaming International Corporation®

Progressive Gaming is a leading supplier of integrated casino and jackpot management system solutions for the gaming industry worldwide. This technology is widely used to enhance casino operations and drive greater revenues for existing products. Progressive Gaming is unique in the industry in offering casino management and progressive systems in a modular yet integrated solution. Products include multiple forms of regulated wagering solutions in wired, wireless and mobile formats. There are Progressive Gaming products in over 1,000 casinos throughout the world. For further information, visit www.progressivegaming.net

Safe Harbor Statements under The Private Securities Litigation Reform Act of 1995: This release may contain certain forward-looking statements including statements regarding the potential for World Series of Poker® “Peer to Peer” Texas Hold’em to exceed market performance expectations, the viability of World Series of Poker® “Peer to Peer” Texas Hold’em to compete in the U.S and international gaming markets, and the expected market opportunities for World Series of Poker® “Peer to Peer” Texas Hold’em. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, the risk that the rollout of World Series of Poker® “Peer to Peer” Texas Hold’em will be delayed or precluded, risks related to delays in the approval, introduction, installation and customer acceptance of the Company’s products, the status of the Company's strategic partnerships with third parties, the risk that gaming regulatory agencies may not grant approval of products in the time frames expected, the demand for the Company’s products may not reach anticipated levels, the status of rights licensed from content providers, risks related to the Company's ability to enforce and develop its intellectual property rights, including rights licensed from third parties, the risk that patents may exist of which the Company is not aware, or that existing patents may provide benefits to third parties beyond those anticipated by the Company, the Company's ability to meet its capital requirements, relationships with casino operators, the overall industry environment, customer acceptance of the Company's products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of privileged operating licenses by governmental authorities, competitive pressures, the overall industry environment and general economic conditions as well as the Company's debt service obligations. For a discussion of these and other factors which may cause actual events or results to differ from those projected, please refer to the Company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise any forward-looking statements to reflect new circumstances or anticipated or unanticipated events or circumstances as they occur.

©2008 Progressive Gaming International Corporation®. All rights reserved.

World Series of Poker® is owned by Harrah’s License Company, LLC an affiliate of Harrah’s Entertainment, Inc.

Contact:

Progressive Gaming International Corporation
Heather A. Rollo, 702-263-2583
Chief Financial Officer
or
Jaffoni & Collins Incorporated
Richard Land, Dave Jacoby
212-835-8500

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