Update
Edition
Vo l. 6, No . 24
Dec . 31 , 1980
Staff
Publisher and Editor:
Ralph C. Lally II
Editorial Director:
David Pierson
Manag ing Edit o r:
Ray E. Tilley
Adm in istrati ve A ssistant :
Valerie Cognevich
Art Directo r:
Ka te y Sc hwark
Circulatio n Man ager:
Re n ee' C. Pierson
Te chnical Edit o rs:
lac Oliver
Rand y Fromm
Jim Calore
Corresponde nts:
Roger C. Sharpe
Pat Matthews
Dick Welu
Mary Clair Blakeman
Tony Licata
Steve Kirk
Classified Advertising:
Valerie Cognevi c h
Advert isin g Man ager:
David Pierson
Europ ean Re presentative :
Esmay Leslie
PLAY METER , D ece mber 31 , 1980.
Volume 6, o. 24. Co pyright 1980 by
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Ring out the old,
ring in the new-Update
PLAY MET ER UPDATE will go into a larger format with the ne xt issue,
Volume 7, Number 2, which is scheduled to be mailed to our subscribers
on December 22, 1980. T he size of tha t publication will resemble a
newspaper tabloid and will represent twice the amount of printed space of
the present UPDATE, beginning with that issue.
The resemblance to a newspaper will be more than just coincidental.
The expansion of UPDATE will allow the Play Meter staff to bring all of our
coin industry news together in one place- one monthly publication that
supplements PLAY METER. In addition to the news, cu rre nt new
product information will be found here, as well as the technical a nd music
programming columns .
Play Meter Publisher and Editor Ralph C . Lally II explained that "t his
move will advance our aim of printing news of the industry that is as up-to·
date as the press schedule will allow. Meanwhile, the feat ures of Play
Meter Magazine in its regular monthly format will continue to embrace
business advice , industry interviews, more technical data, and readable
articles- all the things that have made PLAY METER the leader in
publishing for the coin-operated amusement industry."
News of a " har.d ," factual , or timely nature will be presented in the new
UPDATE , under deadlines that will send the supplement to PLAY
METER on its way to its readers as quickly as possible , on a regular basis.
PLAY METER UPDATE is mailed only to subscribers of this
magazine .
:j:
Xcor cash results improve
OAK BROOK, 111. - Xcor Inter·
national , Inc. reported that for the
nine months ended September 30,
1980, its revenues were $118,367,000
and net income was $4 ,523 ,000, or
$1.5 7 per share . These results
compare with revenues of $106,472,·
000, and a net loss of $326,000, or 6
cents per share for the first nine
months of 1979.
For its third quarter, ended
September 30, 1980, revenues were
$29,685 ,000 and net income was
$606,000, or 22 cents per share.
These results compare with reven ·
ues of $31 ,936,000 and a net loss of
$4 ,858 ,000 , or $1.61 per share in the
same period of 1979.
Income in the third quarter of 1980
included a $2 ,250,000 net settlement
of the Choice Vend , Inc. business
interruption insurance claim . The
claim was based on the shutdown of
the Choice Vend facility in Windsor
Loc ks , Connecticut from October 3
throgh January 14, 1980 as a result of
tornado damage. In the third quarter
of 1979, Xcor had established a $4 .9
million provision (net of tax credit)
for losses against its investment in
The Seeburg Corporation.
In commenting on the results ,
Xcor Chairman Louis J. Nicastro
said, "The company showed opera!·
ing profits in all areas of its business
for the first nine months of the year,
with the exception of its Choice
Vend subsidiary which manufac -
tures bottle and can vending
machines. Choice Vend continued
to suffer from a general softening of
the vending machine market."
He explained further that "during
the first nine months of the year ,
Williams Electronics, Inc . continued
to strengthen its position as the
leading ma nufac turer of pinball
games, and King Musical lnstru·
me nts , Inc. showed strong earnings
ga ins ."
Seeburg slots named G.D.I.
John Nicastro , general manager of
Williams Electronics Slot Division
(Seeburg Slots) announced in late
Octobe r tha t fi nal arrangements
were being made for installation of
546 Seeburg slo t ma chines a t the
Jockey Club in Las Vegas.
Nicastro pointed out that the
Jockey Club will purchase 100
per c e nt of its s lots from his
company-" whic h will give us a
premiere showcase for our product
in the heart of the world's gambling
ca pital. "
The G.D.I. logo will soon be
repla c ing that of Seeburg on
Williams' slot machines, to mark the
introduction of "a new generation of
microprocessor-controlled slot
machines," said Nicastro.