March 07, 2013 at 16:45 PM EST
Multimedia Games Moving Beyond American Indian Market
Small-cap gaming play Multimedia Games (MGAM) is working to broaden its reach beyond its core American Indian market. Tribes in Oklahoma delivered 35% of revenue in fiscal Q1, down from 43% a year earlier. CEO Patrick Ramsey noted at the earnings call in January that "just in the last quarter, we have sold units into 17 different states and our recurring revenue footprint now spans 21 different states." Based in Austin, Texas, the company designs,
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