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Pollard
Banknote announces acquistition of American Games, Inc.
January 8, 2002
Winnipeg,
Canada – Pollard Banknote Limited (Pollard Banknote)
is pleased to announce that we have completed an agreement
to purchase the assets of American Games, Inc. (AGI), effective
January 1, 2002.
Based
in Council Bluffs, Iowa, American Games is a major manufacturer
of pull tab tickets, pull tab ticket vending machines and
instant ticket vending machines (ITVMs), bingo paper and
bingo consoles. The company was founded in 1985 and currently
has approximately 225 employees to service clients across
the United States. American Games will continue to operate
in Council Bluffs.
The
acquisition provides several significant advantages for
Pollard Banknote, including:
• extending its product line to offer pull tab ticket
vending machines and instant ticket vending machines and
bingo products;
•¯ expanding its market for pull tabs to include
numerous fundraising and charitable organizations across
the United States.
For American Games, being part of the Pollard Banknote family
will offer access to an extensive network of contacts in
the international lottery industry.
"From a strategic perspective, the expertise in pull
tab and ITVM production that American Games brings to Pollard
Banknote is a logical enhancement of our current services,"said
Gordon Pollard, Co-CEO. "This is an important step
in the continuing growth of our company."
Established
in 1907, Pollard Banknote is one of the world's leading
full-service lottery suppliers, providing tickets and related
services to more than 45 lotteries, including some of the
largest and most respected operators in the United States,
Canada, Europe, Asia, Australia, and Central and South America.
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