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DEQ Systems Corporation Las Vegas Adopts EZ Baccarat
LEVIS, QUEBEC--(MARKET WIRE)--Mar 10, 2009 -- DEQ Systems Corp. (CDNX:DEQ.V - News) ("DEQ" or the "Company"), a leading provider of table game bonusing, jackpot and loyalty solutions, announces today that the MGM Grand Hotel and Casino is the latest casino to operate EZ Baccarat(TM), the company's award-winning non-commission version of baccarat equipped with EZ Trak(TM), an LCD-based hand tracking system.
Two EZ Baccarats and two EZ Traks have made their debut at MGM Grand after recent success at the Wynn and Harrah's Paris casino in Las Vegas. This product's success story started in early 2008 in Southern California when the Barona's Table Game Manager Mike Patterson decided to champion the product. EZ Baccarat's adoption has been quite rapid and widespread throughout the Golden State with 46 installations in nine casinos in less than a year. In the past three months alone, casinos such as the Morongo Casino Resort and Spa, Harrah's Rincon, Sycuan Resort & Casino, Red Hawk Casino and Viejas Casino have all started operating EZ Baccarat and EZ Trak. As well, EZ Baccarat has made its Canadian debut with three recent installations at Vancouver's Edgewater Casino.
DEQ reports that it has penetrated over 40% of the baccarat market in California in less than a year and has now successfully penetrated Las Vegas market with product in the Wynn, Harrah's and now MGM properties. Furthermore, market penetration has begun in Michigan and commercialization has commenced in Iowa and Indiana. Licensing focus has now shifted to other baccarat rich jurisdictions such as Connecticut, Florida and New Jersey where several casinos have already expressed interest for the products.
"We have a fantastic product combination on our hands, no doubt about it. In these tough economic times every casino is looking for accretive revenue that does not require capital investment or man power. The EZ Baccarat method provides for an increase in hands per hour and decrease in manpower needed to supervise the non commission method as opposed to the traditional alternative are some of the reasons why EZ Baccarat and EZ Trak are in such demand," stated Earle G. Hall, President and CEO of DEQ. "Las Vegas and California are no longer the only jurisdictions where those products are available. After a successful entry into Michigan and Canada, EZ Baccarat is now GLI approved in Iowa and in Indiana where casinos such as Ameristar and Harrah's are among the first to have placed orders."
ABOUT EZ BACCARAT
EZ Baccarat(TM) is revolutionary method of accelerating the speed of baccarat by eliminating the commission. The winning hand bank commission is replaced by "barring" one specific winning bank hand and/or reducing the banked winning wagers. The EZ Baccarat method bars a three card total of seven and is trademarked as the "Dragon 7(TM)". Players can also make a side wager as to the occurrence of the Dragon 7(TM). This side wager pays 40 to 1 and creates an additional way for the player to win and a new revenue source for the casino. The EZ Baccarat(TM) methodology and the Dragon 7(TM) bet were co-created by Robin Powell and TJ Tejeda of the Talisman Group in conjunction with DEQ. These methods and trademarks are protected within the scope of DEQ's no commission baccarat intellectual property portfolio that protects all methodologies such as barred hands and reduced banked winning wagers.
Founded in 1998, DEQ Systems Corp. (CDNX:DEQ.V - News) is a leader in the table game bonusing technology field. DEQ's patents, products and features include side bet bonusing games with progressive and random jackpot prizes, slot machine style mystery bonusing, multiple credit and denomination betting flexibility, dealer hand betting, electronic credit bank, electronic rake, baccarat hand tracking, multimedia animation and sound effects. DEQ has an extensive patent portfolio that is recognized in more than 50 countries such as the USA, Macau, Australia and Canada. DEQ's bonusing solutions and products are present in more than 200 casinos in over 30 countries. For further information, please visit www.deq.com
Forward-looking statements contained in this Press Release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.
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DEQ Systems Corporation Las Vegas Adopts EZ Baccarat
LEVIS, QUEBEC--(MARKET WIRE)--Mar 10, 2009 -- DEQ Systems Corp. (CDNX:DEQ.V - News) ("DEQ" or the "Company"), a leading provider of table game bonusing, jackpot and