Historic moment come at time of planned new growth

Monday 22nd May 2006

Microgaming’s progressive network made history (yesterday) as its payout total passed the $200m mark.

The total is further confirmation of Microgaming’s industry leading position and comes at a time when the company is gearing up for a new stage of growth, signalled through its recently announced plans to consolidate all its brands under the Microgaming name.

Powered by Microgaming, nearly 6,000 winners have celebrated wins through the progressive network during the three year period since it launched, including Amanda R from Plymouth, who only last month became one of the UK’s highest online gaming Jackpot winners, taking home a cool $1,427,369.74. In October 2005 alone, $4.9m was paid out to 100 winners.

Microgaming’s progressive network is the largest online progressive jackpot offering on the internet. Roger Raatgever, CEO, Microgaming comments: “Reaching $200m in payouts is a true landmark moment in the life of online gaming, but to reach it in three short years is remarkable. I think it’s fair to say that this serves as testament to our commitment to provide the best and most rewarding playing experiences on the web. But, it doesn’t stop there. With over 60 new games earmarked for release this year alone, we believe it won’t be long before we celebrate reaching the $300m mark.”

Microgaming’s progressive network has developed a reputation for generating overnight millionaires, creating eight to date. The $200m total equates to an average of $18,000 being paid out each day since launch. All the jackpots won through the casinos that provide the progressive games are offered in full, direct cash payments.

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Since Microgaming developed the first true online casino software over a decade ago, it has led the industry in providing innovative, reliable gaming solutions. Thanks to an unrivalled R&D programme, that averages four new releases a month and an unmatched ‘partnership’ approach to working with operators, Microgaming can be found powering many of the world’s most profitable online casino sites. Microgaming software also powers the world’s leading poker network. With over 40 card rooms and one of the most aggressive tournament schedules on the web, Microgaming’s poker network ensures players will always find an active table, as well as the hottest action.

As a founding member of eCOGRA, Microgaming is also at the forefront of an initiative focused on setting the highest standards in the gaming industry, most notably in the areas of fair gaming, responsible operator conduct and player protection.

www.microgaming.com

For further information, please contact: Stuart Hehir at Chameleon PR +44 (0) 207 6805500

Stuart@chameleonpr.com

Source: OnlineCasinoNews