Question-and-Answer Session
Operator
(Operator Instructions)
Our first question comes from the line of Joseph Greff with Bear Stearns.
Joseph Greff - Bear Stearns
Hi, guys, good afternoon.
Brian Gamache
Hi, Joe.
Scott Schweinfurth
Hi, Joe.
Joseph Greff - Bear Stearns
With respect to your commentary on your revised fiscal '08 outlook, you referenced the California casinos. What sort of ship share are you baking into that?
Brian Gamache
Well, right now, we believe there is going to be about 5,000 units in the neighborhood, to be delivered during our fiscal '08, which will end June 30th, and the remainder will be delivered in the fiscal '09 and '10. Today's guidance reflects these initial places primarily in the Q3, and then some trickling into Q4.
Of the four orders that we have in hand, we believe our branded market-share to be in the mid-20s, actually 23% for the four orders that we have garnered thus far.
Joseph Greff - Bear Stearns
Great, excellent. And in the quarter, you recognized the revenues from Palazzo, what was your ship share, market share there?
Brian Gamache
I believe we have a total share on that floor of 17%, which is the highest strip-market share we've ever had in an opening. We're starting to get some serious traction on mechanical products. And I think as you see our continued success, I believe we shipped actually 30% of our products in this quarter were mechanical reels. And as you see that continued success, we'll continue to evolve our market-share growth in the strip properties.
Joseph Greff - Bear Stearns
Great. And then with respect to how you view the opportunity with the [Seminole], but I think you participated in the initial order. Can you talk about how you view that?
Brian Gamache
Sure. Actually, we just had a meeting there yesterday, and we believe that we are in final stages of negotiating a sizable order, which will be shipped during our Q4. These games are a combination of participation, WAP and the traditional for-sale games, and they'll be placed on a lease basis for multiple years. These placements will have a modest impact on Q4, but will really give us a major shot in the arm heading into '09.
Joseph Greff - Bear Stearns
Great. And then my final question here: With regard to your updated guidance on the average installed base of participation games that increase relative to your prior guidance -- can you help us explain what's driving that? Are you adding more games, or is it the same amount of games that you thought you were going to add before, but it's just kind of less removals? How do you look at that?
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