ATLANTIC CITY, N.J., Oct. 13, 2016 /PRNewswire/ -- GameCo, Inc., creator of the world's first skill-based video game gambling machines (VGM™), has received approval from the Division of Gaming Enforcement (DGE) in New Jersey to debut its product exclusively at Caesars Entertainment resorts in Atlantic City. As previously announced, Caesars, Harrah's Resort and Bally's Wild Wild West, will be the first to feature the VGM, which could be on casino floors as early as next week.
"We are thrilled to be the market leader in a global industry effort to attract the next generation of players to the casino floor," said Blaine Graboyes, CEO and co-founder of GameCo. "With this approval from the DGE, the VGM is officially the first skill-based video game gambling product approved by any U.S. gaming jurisdiction regulator," he added.
GameCo's historic debut of the VGM provides gamers with the opportunity to gamble playing video games at the casino for the first time ever. The VGM's premier game, titled "Danger Arena" is a first-person action video game in which player skill determines the payout. Caesars Entertainment will feature 21 gaming positions in high traffic, prominent locations in all three properties, with three triple-unit carousels at Caesars, two at Harrah's Resort, and two at Bally's Wild Wild West. The VGM's launch will be celebrated with both consumer and media events planned for November.
"The New Jersey Division of Gaming Enforcement was excited to have the opportunity to review and approve this game through our New Jersey First program," said David Rebuck, Director of the New Jersey Division of Gaming Enforcement. "We have been at the forefront of encouraging innovation and are pleased that the efforts of GameCo and Division staff have culminated in this skill-based video game becoming available in Atlantic City before any other jurisdiction in the United States."
GameCo committed to New Jersey as the first market to launch its VGM, and plans to be in a number of additional gaming jurisdictions within the next six months.
About GameCo's VGM™
GameCo's VGM is an arcade-style video game cabinet and controller. Each VGM features a single-player game, generally 45-90 seconds to play, adapted from top console, PC and mobile developers. The patented VGM gambling platform allows a player's skill in popular video games to determine the payout and winnings, while maintaining the same casino economics as slot machines. Game genres such as action, adventure, sports, racing, fighting, platformer and casual games will soon be prominent as casinos adapt to Millennial, GenX and Boomer gamers who grew up playing video games.
About GameCo, Inc.:
GameCo, Inc. (gco.gg) is a pioneering new company that is uniting video games with casino floor gaming. GameCo is the creator of the world's first skill-based video game gambling machines (VGM™), arcade-style cabinets that balance player skill with patented game design, while maintaining the same return to players as traditional slot machines.
GameCo's VGM won the Silver Medal in the Best Slot Product category of the 16th Annual Global Gaming Business Gaming & Technology Awards. Founded by video game, casino gaming, technology, and live event veterans, GameCo brings together executives from Scientific Games, IGT, and AGS along with award-winning producers for game publishers such as Blizzard Entertainment, WarGaming, Ubisoft, DreamWorks, and The World Series Of Video Games.
GameCo is privately held and headquartered in New York City, New York, with additional offices in Las Vegas, Nevada. For the latest GameCo news, visit gco.gg and follow the company on Twitter at twitter.com/GameCoInc.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gameco-inc-receives-gaming-regulatory-approval-for-first-skill-based-video-game-gambling-machines-vgm-300344129.html
SOURCE GameCo, Inc.