Las Vegas, Nevada April 19, Next Gaming announced today that it has acquired and closed on substantially all the Las Vegas assets of former slot manufacture Atlantic City Coin and Slot Service Company (ACS).
The asset purchase agreement enables Next Gaming to continue to produce the “Axcess” branded slot devices and service the Native American tribal market that was left in limbo when ACS suddenly closed its doors last January.
Next Gaming has also acquired the leasehold on ACS’s 29,000 square foot North Las Vegas manufacturing facility and intends to hire several of ACS’s former employees that were displaced when ACS ceased operations.
“Our Next Gaming management team was able to, in a matter of days, lead us to successfully acquire significant existing inventory, a nationally recognized and branded slot machine line (the “Axcess”), tribal customers nationally, industry know-how, a turn-key manufacturing plant and some great employees” stated Terry Caudill, Next Gaming’s owner. “Now the task at hand is to rebuild the valued components of what ACS had and offer the industry some of the best slot devices available anywhere.” According to industry sources, ACS distributed approximately 1,000 of the “Axcess” slot machines nationally in 2012. Mike Darley, CEO of Next Gaming added, “Our entire team is excited about this recent acquisition. We are confident that our enhancements and new content for the “Axcess” line of slot machines will certainly benefit the tribal casinos that have been negatively impacted by the sudden closure of ACS. We will work diligently to foster mutually beneficial relationships and work together in unison to maximize the revenue potential of their current “Axcess” product line.”
Next Gaming is a licensed manufacturer and distributor in Nevada and California and is pending its application approval status in a number of tribal markets with the intention of having a national presence.