Acres Gaming Inc. revenue drops

Thursday, Nov. 2, 2000 | 10:53 a.m.

Revenues plunged from $6.2 million to $2.7 million.

"This quarter's results do not reflect the strength of our business," said Chairman and Chief Executive Bud Glisson. "New orders have been exceptionally strong, but completed installations have lagged. Our backlog for Acres Advantage systems sales is now a record $17.9 million, and actually exceeds last year's total sales. We expect our momentum on new orders to continue and expect revenue from completed installations to dramatically improve in the second quarter and for the balance of the fiscal year."

Acres Advantage systems are casino management products that include slot accounting and player tracking systems.

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