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Aruze Gaming America Signs Purchase Agreement to Acquire True Blue Gaming

Posted on: Monday, 19 January 2009, 08:00 CST

True Blue Gaming to become wholly-owned subsidiary, global content provider for Aruze Gaming; Kent Young to head up Americas business

LAS VEGAS, Jan. 19 /PRNewswire/ -- Aruze Gaming America, Inc. announced today that it has signed an ownership interest purchase agreement to acquire the True Blue Gaming Group of companies. Under the agreement, which is expected to close in February 2009, the True Blue Gaming Group will become a wholly owned subsidiary of Aruze Gaming America. True Blue Gaming will develop gaming content for all the Aruze Gaming offices globally.

As part of the agreement, Kent Young, President and CEO of True Blue Gaming, will become General Manager of Aruze Gaming America. Scott Olive, Chief Development Officer of True Blue Gaming Group, will become President of True Blue Gaming and continue to manage the development of gaming content for the company.

Kent Young has a long history in the gaming industry, most recently serving as Global General Manager of Aristocrat Technologies, Inc. before founding True Blue Gaming. Prior to that he was the Vice President of Marketing for Aristocrat Americas, where he was responsible for the successful launching of many of its breakthrough products and building its market share in North and South America.

"We are extremely pleased to enter into this agreement with True Blue Gaming, and to acquire the talent and experience of Mr. Young and Mr. Olive in contributing to our global gaming business," commented Kazuo Okada, President of Aruze Gaming America. "Mr. Young has a wealth of experience in bringing companies into new markets and developing these companies into highly successful market leaders. His experience, combined with his passion for the gaming industry, will be instrumental in the growth and success of Aruze Gaming America.

"I am thrilled to be a part of the Aruze group and am honored to head up its efforts in the Americas," said Kent Young. "Aruze has a long tradition of quality and innovation in its businesses around the world and I look forward to building upon its success in the Americas gaming market."

As one of the key game content developers for Aristocrat Leisure Ltd, Scott Olive was responsible for the development of some of Aristocrat's most popular and innovative gaming products. Mr. Olive has contributed to over 30 patents and has developed a highly successful team and range of products under True Blue Gaming.

"We are also very excited to be incorporating the talents of Mr. Olive and the True Blue Gaming development team into the Aruze family," Mr. Okada continued. "Mr. Olive and his team have a tremendous reputation for creating the most innovating gaming content in the industry and we look forward to the contributions of this team to the Aruze gaming group."

"The True Blue Gaming development team is delighted to become a part of the Aruze Gaming group," added Scott Olive. "Aruze has already proven that it is a leader in technology innovation and the True Blue Gaming team is dedicated to building upon that by bringing forward innovative, high-performing products."

About Aruze Gaming America, Inc.

Las Vegas-based Aruze Gaming America is an affiliate of Aruze Corporation that develops and manufactures slot machines for the global casino market. Aruze Gaming America produces highly innovative gaming products, including video and stepper slot machines and multi-terminal devices.

About True Blue Gaming Group

True Blue Gaming is a developer of leading slot gaming content with offices in the US and Australia. Its focus is on developing premium content, intellectual property and building successful portfolios of products for its gaming customers.

SOURCE Aruze Gaming America, Inc.

Source: PR Newswire

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