Progressive Gaming wants to buy VirtGame

January 28

Progressive Gaming, a Las Vegas gaming equipment supplier, wants to make its bid to be a major player in next-generation casino games be known. By purchasing VirtGame Corp., they hope to make there stand.

Formerly operating as Mikohn Gaming Corp., Progressive Gaming International Corp. announced  that it has begun negotiations to buy the San Diego based company in a stock deal valued at $20 million.

Executives with Progressive Gaming said they anticipate that the company will incorporate VirtGame's technology into their CasinoLink gaming systems.

VirtGame, has created gaming software spotlighting the delivery of central server-based games. The company has even pitched the city of Las Vegas with a deal on an Internet casino in the past.

Server-based games are said to be part of the casino of the future because several games can be downloaded from a central server for use on multiple machines. Many companies are now creating their own server-based systems for consideration by regulators.

Nevada regulators have not yet given an approval for server-based games.

At this time, Progressive runs some 45,000 slot machines and 1,500 table games around the world.

Company officials have said that they believe an agreement will be made in the next 10 days. The deal also would require regulatory approvals.