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Stern Pinball Disparages Deposits On Speculative Game Titles

Posted On: 5/30/2013

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TAGS: pinball sales, pinball machine speculation, Stern Pinball Inc., Stern deposit policy, pinball distributor, pinball machine dealer, amusement machine, coin machine, coin-op, Gary Stern

MELROSE PARK, IL -- Stern Pinball Inc. has issued a policy statement that clarifies its position on prepayments for its games not in production. The leading manufacturer of pinball machines says it does not support the practice, in which some dealers are allegedly engaged, of taking deposits for SPI games that have not been officially announced.

"It has come to our attention that some of our best customers may have made deposits with middlemen for games that our company has not announced and that we may never produce," said SPI chairman and chief executive Gary Stern. "We think it's important to inform our customers that Stern Pinball does not support this speculative practice."

The pinball chief cautioned that potential buyers might erroneously assume that Stern will produce a particular title -- "but presumed titles may never be built."

Stern explained that SPI accepts deposits from its authorized distributors and dealers for confirmed orders of games that are approved for production." We have never and will not accept deposits for games we have not announced," he said.