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Multimedia Games, Inc. (MGAM)

- NASDAQ
MGAM is defunct.
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  • Sep. 8, 2014, 12:49 PM
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  • Sep. 8, 2014, 9:15 AM
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  • Jul. 30, 2014, 12:46 PM
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  • Apr. 23, 2014, 2:07 PM
    • IGT (IGT -10.4%) posted FQ2 EPS that was slightly above the guidance provided in a March 25 warning, and reiterated a forecast for FY14 (ends Sep. '14) EPS of $1-$1.10. But the company also reported gaming product sales (40% of revenue) fell 27% Y/Y to $202.6M, after having grown 4% in FQ1. Machine units recognized fell 45% to 7.9K, a reversal from FQ1's 20% growth.
    • Gaming operations revenue fell 9% Y/Y to $230.4M (-8% in FQ1), with IGT's installed base falling 6% to 53.4K and yield declining 5% to $47; weaker MegaJackpots revenue is blamed.
    • Interactive revenue rose 20% Y/Y to $79.8M (thanks to a 27% increase in social gaming revenue), but that's a slowdown from FQ1's 41%. DoubleDown's MAUs fell 1% to 6.2M after growing 26% in FQ1, but its bookings per DAU rose 16% to $0.43.
    • Peers are also lower: BYI -3.9%. MGAM -2.1%. SGMS -4.1%.
    • FQ2 results, PR, CC transcript
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  • Jan. 24, 2014, 4:19 PM
    • International Game Technology (IGT -14.7%) tumbled to within striking distance of its 52-week low ($14.75) after missing FQ1 estimates and stating it its FY14 (ends Sep. '14) EPS is now "more likely" to be at the low of its prior guidance range of $1.28-$1.38, with "potential further downside risk." The consensus is already at $1.28.
    • IGT's gaming ops (41% of revenue) remain under pressure: sales fell 8% Y/Y in FQ1 (lower North American MegaJackpots revenue is blamed) after dropping 6% in FQ4. The division's gross margin fell 200 bps to 61%, and its installed base 4% to 54.3K.
    • Product sales (45% of revenue) managed to grow 4% after being flat in FQ4. Gross margin fell 100 bps to 52%. Interactive sales remain an area of strength, growing 41% on the back of 57% social gaming growth. Gross margin rose 500 bps to 63%, and monthly active users for IGT's DoubleDown social casino gaming unit rose 26% to 6.2M.
    • IGT says it's "in the process of implementing a number of measures, including cost reductions," in response to its recent challenges.
    • Peers Bally Technologies (BYI -5.9%), Multimedia Games (MGAM -3.8%), and Scientific Games (SGMS -8%) also fell sharply on a bad day for equities.
    • IGT's CC transcript
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  • Dec. 6, 2013, 5:45 PM
    • Top Gainers, as of 5:15 p.m.: [IDIX[]] +6.7%.[UQM[]] +6.6% PFPT +5.1%. RSYS +4.6%. CBR +4.3%.
    • Top Loser, as of 5:15 p.m.: LTS -6.3%. MGAM -5.7% MFRM -5.1%. FLO -4.8%. OME -4.2%.
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  • Sep. 9, 2013, 9:40 AM
    • Expedia (EXPE +3.2%) has been upgraded to Buy by Lazard.
    • Brocade (BRCD +3.2%) has been upgraded to Outperform by RBC.
    • NetApp (NTAP +1.1%) has been upgraded to Buy by UBS.
    • Micron (MU +1%) has been upgraded to Neutral by Susquehanna.
    • LTX-Credence has been upgraded to Buy by Craig-Hallum.
    • Open Text (OTEX +1.2%) has been upgraded to Buy by Paradigm Capital.
    • Nanometrics (NANO +6.1%) has been upgraded to Overweight by Piper.
    • InterActiveCorp (IACI -0.5%) has been cut to Hold by Canaccord.
    • Multimedia Games (MGAM -2.2%) has been cut to Neutral by Janney.
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  • Apr. 30, 2013, 12:46 PM
    Midday top 10 gainers: TTHI +45%. PTIE +26%. DRRX +26%. MTOR +23%. MGAM +20%. OIS +16%. GIB +14%. HGSH +15%. ARWR +13%. TXRH +13%.
    Midday top 10 losers: DCTH -44%. AVEO -26%. NUAN -18%. AOSL -18%. PBI -16%. AEIS -13%. MSTR -10%. ANV -10%. ELTK -10%. SYN -10%.
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  • Apr. 30, 2013, 10:58 AM
    Shares of Multimedia Games (MGAM +17.4%) soar after the company beats estimates handily with its FQ2 report. Robust demand for games in emerging markets is the main impetus for a healthy lift in guidance from Multimedia Games for FY13 EPS of $0.98-$1.02, from a prior range of $0.79-$0.84.
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  • Jan. 30, 2013, 12:45 PM
    Midday top 10 gainers: MERU +40%. CWBC +21%. BIOC +19%. MGAM +17%. FSL +17%. HTCH +17%. DLHC +17%. CPNO +14%. USAK +14%. IBCP +14%.
    Midday top 10 Losers: VTUS -21%. KTCC -18%. MTOR -16%. HA -13%. ATTU -12%. CODE -12%. CEVA -12%. AUDC -11%. TRMD -10%. UPI -9%.
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  • Jan. 30, 2013, 9:10 AM
    Premarket gainers: BIOC +20%. CPNO +18%. MGAM +15%. AVY +11%. CHK +11%. AMZN +9%. UIS +8%. ISIS +8%. GEVO +5%.
    Losers: GOL -6%. WBSN -5%
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  • Jan. 30, 2013, 8:14 AM
    Shares of Multimedia Games (MGAM) race 15.8% higher in premarket trading after the company beats the FQ1 estimate of analysts by a wide margin. The casino industry supplier increased the number of new units it sold by 58% Y/Y.
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  • Feb. 1, 2012, 1:25 PM
    Casino gaming system maker Multimedia Games (MGAM +31.8%) soars to new 52-week highs after reporting FQ1 revenue of $34.8M (+22% Y/Y) and EPS of $0.21, trouncing Street estimates by $3.8M and $0.17. The company attributes the strong results to growing sales of new systems in several states. It's also lifting its FY12 EPS guidance range to $0.42-$0.45, well above a prior range of $0.23-$0.26.
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  • Nov. 17, 2011, 2:11 PM
    Multimedia Games Holding (MGAM +2%) moves up after its FQ4 results easily beat estimates as gambling-operations revenue grew 10% Y/Y. The company also raises guidance, anticipating higher revenue and net income in FY12.
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Company Description
Multimedia Games Holding Co Incand its subsidiaries designs, manufactures and supply's standalone and networked gaming systems to commercial and Native American casino operators in North America and to domestic & international lottery operators.
Sector: Services
Country: United States