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June 1, 2004: Valley-Dynamo Offers June Financing; Alabama High Court Rules Against Video Gaming; Sega Board Shakeup Announced

Posted On: 6/1/2004

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VALLEY-DYNAMO OFFERS 'NO MONEY DOWN FINANCING' DURING JUNE

RICHLAND HILLS, TX - Valley-Dynamo LP and Firestone Financial have announced a no-money-down financing program for June. The promotion applies to new Valley-Dynamo pool tables, Dynamo air hockey tables, Tornado soccer tables and "Slam-N-Jam Basketball." No payments are required for the first 120 days, after which operators will have 21 consecutive monthly payments at a 7.99% interest rate. An advance application fee of $125, as well as sales tax and freight, is also required. Minimum purchase for the no-money-down plan is three units; the program ends July 1. More details may be had by contacting VDLP at tel. (800) 248-2837.

 

ALABAMA SUPREME COURT FINDS GAMING MACHINES UNCONSTITUTIONAL

MONTGOMERY, AL , Video gaming machines that rely mainly on chance violate the constitution's lottery provisions, said the Alabama Supreme Court in a 7-1 decision on May 31. Operators had held that a 1996 redemption law permitted eight liners and other casino-type video machines as long as there were no cash payouts and "some" skill was required. The ruling upheld a 2002 finding that local district attorneys have used to close adult redemption arcades statewide. The Associated Press said up to 2,000 of these locations were running at one time.

 

SAMMY VOWS SEGA SHAKEUP BEFORE MERGER

TOKYO , Prior to Sega's planned October merger with Sammy Corp., four Sega board directors will be replaced with new Sega executives, according to Internet reports. In addition, Sega's seven R&D subsidiaries will be merged into a single unit and brought back under Sega top-management control. The board of the new parent firm, Sega Sammy Holdings, will consist of three Sammy officials and one Sega executive in voting positions, as well as three non-voting members, according to an announcement on Sammy's website.


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