RENO, Nev., May 27 /PRNewswire-FirstCall/ -- Mandalay Resort Group (NYSE:MBG) has reached an agreement with IGT, a subsidiary of International Game Technology (NYSE:IGT) , to purchase between two and three thousand new EZ Play(TM) gaming machines with ticket printers to facilitate the expansion of Ticket-In Ticket-Out functionality at its casinos.

Mandalay will also retrofit several thousand existing machines to add ticket printers as part of the expansion of TITO at its casinos. The Luxor and Mandalay Bay will be the first casinos targeted to expand the number of machines with ticket printers. The new machine purchases and retrofit program will be completed over a two-year period.

"Ticket-In Ticket-Out is a perfect complement to the other forms of cashless gaming that Mandalay Resort Group is implementing. We have seen the positive customer response and operational efficiencies that are associated with cashless and plan to expand the functionality to meet the demand," said Gregg Solomon, Sr. VP of Operations for Mandalay Resort Group.

IGT's EZ Play(TM) machines include standard reel spinning slots, video slots, poker machines and multi game machines that accept coins or currency, offer multi denomination wagering functionality and are equipped with ticket printers which dispense vouchers to players when they cash out.

At the Mandalay Bay Resort & Casino in Las Vegas, the new machines will operate in conjunction with the IGT EZ Pay(TM) One-Wire Ticketing System, which connects to the existing slot accounting system at the casino. Players can insert the dispensed tickets into other compatible machines, hold them for future play or convert them to cash via various options without the hassle of handling coins or waiting for hopper fills.

IGT is a world leader in the design, development and manufacture of microprocessor-based gaming and lottery products and software systems in all jurisdictions where gaming and lotteries are legal. For more information on International Game Technology, visit the company's website at www.igt.com.

Mandalay Resort Group owns and operates 11 properties in Nevada: Mandalay Bay, Luxor, Excalibur, Circus Circus, and Slots-A-Fun in Las Vegas; Circus Circus-Reno; Colorado Belle and Edgewater in Laughlin; Gold Strike and Nevada Landing in Jean, and Railroad Pass in Henderson. The company also owns and operates Gold Strike, a hotel/casino in Tunica County, Mississippi. The company owns a 50% interest in Silver Legacy in Reno, and owns a 50% interest in and operates Monte Carlo in Las Vegas. In addition, the company owns a 50% interest in and operates Grand Victoria, a riverboat in Elgin, Illinois, and owns a 53.5% interest in and operates MotorCity in Detroit, Michigan.

Statements in this release which are not historical facts are "forward looking" statements under the Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in any of its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed. IGT's future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent known and unknown risks and uncertainties. IGT does not intend, and undertakes no obligation, to update our forward-looking statements to reflect future events or circumstances. Information on risks and factors that could affect IGT's business and financial results are included in our public filings made with the Securities and Exchange Commission.

Source: International Game Technology