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Okla. tribes await answer on gaming
FRIDAY, JUNE 21, 2002

Update 4 p.m. EDT: U.S. Magistrate Sam A. Joyner today recommended a federal judge issue a permanent injunction against the NIGC. Parties are allowed to file objections to Joyner's report. The judge can adopt or refuse the recommendation.

Relevant Documents:
Multimedia v. NIGC (6/21)

Three Oklahoma tribes and a gaming company didn't receive further guidance yesterday on their bid to keep operating a controversial casino machine.

Action was expected after a federal magistrate on Wednesday issued a temporary order in favor of the tribes. The Chickasaw, Choctaw and Cherokee nations filed suit against the National Indian Gaming Commission after federal regulators informed them a casino game was illegal in the state.

Despite the hold, the tribes weren't putting the disputed machine back online. Site visits by Indianz.Com confirmed that MegaNanza was out of commission.

MegaNanza is produced by Multimedia Games Inc. (NASDAQ:MGAM). of Texas. Shares were up $1.11 to $23.01 yesterday, an increase of 5 percent.

The rebound came after a 30 percent beating the company took after it informed investors of the NIGC action.

NIGC considers MegaNanza a Class III game that can only be operated with a state-tribal compact.

Discussion on Multimedia:
Yahoo! Finance Message Board

Relevant Links:
Multimedia Games - http://www.multimediagames.com
National Indian Gaming Commission - http://www.nigc.gov