UNITED STATES
                         SECURITIES EXCHANGE COMMISSION
                             Washington, D.C. 20549

------------------------------------------------------------------------------


                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                                (Amendment No. )*

                             MULTIMEDIA GAMES, INC.
                             ----------------------
                                (Name of Issuer)


                     Common Stock, $0.01 par value per share
                     ---------------------------------------
                         (Title of Class of Securities)


                                   625453105
                                   ---------
                                 (CUSIP Number)


                               December 31, 2007
                               -----------------
            (Date of Event which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                              [ X ] Rule 13d-1(b)

                              [   ] Rule 13d-1(c)

                              [   ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's
initial  filing on this form with respect to the subject  class of  securities,
and for any subsequent amendment  containing  information which would alter the
disclosures provided in a prior cover page.

The  information  required  in the  remainder  of this  cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the  Securities  Exchange
Act of 1934 ("Act") or otherwise  subject to the liabilities of that section of
the Act but shall be subject to all other  provisions of the Act (however,  see
the Notes).


                          Continued on following pages
                               Page 1 of 11 Pages
                             Exhibit Index: Page 10



                                  SCHEDULE 13G

CUSIP No.:  625453105                                        Page 2 of 11 Pages
................................................................................

1.     Names of Reporting Persons.

       I.R.S. Identification Nos. of above persons (entities only).


       MAGNETAR CAPITAL PARTNERS LP
................................................................................
2.     Check the Appropriate Box if a Member of a Group

       (a) [ ]
       (b) [ ]
................................................................................
3.     SEC Use Only
................................................................................
4.     Citizenship or Place of Organization

       Delaware
................................................................................
Number of            5.  Sole Voting Power              None
Shares              ...........................................................
Beneficially         6.  Shared Voting Power            1,690,537
Owned by Each       ...........................................................
Reporting            7.  Sole Dispositive Power         None
Person With         ...........................................................
                     8.  Shared Dispositive Power       1,690,537
................................................................................
9.     Aggregate Amount Beneficially Owned by Each Reporting Person

        1,690,537
................................................................................
10.    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
       Instructions)

       [  ]
................................................................................
11.    Percent of Class Represented by Amount in Row (9)

       6.44% based on 26,268,697 shares outstanding as of December 5, 2007.
................................................................................
12.    Type of Reporting Person:

       HC; OO



                                  SCHEDULE 13G

CUSIP No.:  625453105                                        Page 3 of 11 Pages
................................................................................

1.     Names of Reporting Persons.

       I.R.S. Identification Nos. of above persons (entities only).


       SUPERNOVA MANAGEMENT LLC
................................................................................
2.     Check the Appropriate Box if a Member of a Group

       (a) [ ]
       (b) [ ]
................................................................................
3.     SEC Use Only
................................................................................
4.     Citizenship or Place of Organization

       Delaware
................................................................................
Number of            5.  Sole Voting Power              None
Shares              ...........................................................
Beneficially         6.  Shared Voting Power            1,690,537
Owned by Each       ...........................................................
Reporting            7.  Sole Dispositive Power         None
Person With         ...........................................................
                     8.  Shared Dispositive Power       1,690,537
................................................................................
9.     Aggregate Amount Beneficially Owned by Each Reporting Person

       1,690,537
................................................................................
10.    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
       Instructions)

       [  ]
................................................................................
11.    Percent of Class Represented by Amount in Row (9)

       6.44% based on 26,268,697 shares outstanding as of December 5, 2007.
................................................................................
12.    Type of Reporting Person:

       HC; OO



                                  SCHEDULE 13G

CUSIP No.:  625453105                                        Page 4 of 11 Pages
................................................................................

1.     Names of Reporting Persons.

       I.R.S. Identification Nos. of above persons (entities only).


       ALEC N. LITOWITZ
................................................................................
2.     Check the Appropriate Box if a Member of a Group

       (a) [ ]
       (b) [ ]
................................................................................
3.     SEC Use Only
................................................................................
4.     Citizenship or Place of Organization

       United States of America
................................................................................
Number of            5.  Sole Voting Power              None
Shares              ...........................................................
Beneficially         6.  Shared Voting Power            1,690,537
Owned by Each       ...........................................................
Reporting            7.  Sole Dispositive Power         None
Person With         ...........................................................
                     8.  Shared Dispositive Power       1,690,537
................................................................................
9.     Aggregate Amount Beneficially Owned by Each Reporting Person

       1,690,537
................................................................................
10.    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
       Instructions)

       [  ]
................................................................................
11.    Percent of Class Represented by Amount in Row (9)

       6.44% based on 26,268,697 shares outstanding as of December 5, 2007.
................................................................................
12.    Type of Reporting Person:

       HC



                                                             Page 5 of 11 Pages

Item 1(a).  Name of Issuer:

            Multimedia Games, Inc. (the "Issuer)

Item 1(b).  Address of Issuer's Principal Executive Offices:

            206 Wild Basin Road, Building B, Fourth Floor, Austin, TX 78746.

Item 2(a).  Name of Person Filing

                     This  Statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):

            i)  Magnetar Capital Partners LP ("Magnetar Capital Partners");

            ii)  Supernova Management LLC ("Supernova Management"); and

            iii)  Alec N. Litowitz ("Mr. Litowitz").

            This  Statement  relates to Shares (as defined  herein) held for the
accounts of Magnetar Capital Master Fund, Ltd, a Cayman Islands exempted company
("Magnetar  Capital  Master  Fund"),  certain  Managed  Accounts  (the  "Managed
Accounts"),  Magnetar SGR Fund, Ltd. and Magnetar SGR Fund, LP. Magnetar Capital
Partners  serves as the sole  member and  parent  holding  company  of  Magnetar
Financial LLC, a Delaware limited liability company ("Magnetar Financial"),  and
Magnetar  Investment  Management,  LLC  a  Delaware  limited  liability  company
("Magnetar  Investment  Management").  Each of Magnetar  Financial  and Magnetar
Investment  Management are registered  investment  advisers under Section 203 of
the Investment  Advisers Act of 1940, as amended.  Magnetar  Financial serves as
investment  adviser to Magnetar Capital Master Fund. In such capacity,  Magnetar
Financial  exercises  voting and  investment  power over the Shares held for the
account of Magnetar Capital Master Fund. Magnetar  Investment  Management serves
as  investment  adviser to the Managed  Accounts,  Magnetar  SGR Fund,  Ltd. and
Magnetar  SGR  Fund,  LP.  In  such  capacity,  Magnetar  Investment  Management
exercises  voting and investment  power over the Shares held for the accounts of
the Managed  Accounts,  Magnetar  SGR Fund,  Ltd.  and  Magnetar  SGR Fund,  LP.
Supernova  Management is the general partner of Magnetar Capital  Partners.  The
manager of Supernova Management is Mr. Litowitz.

Item 2(b).  Address of Principal Business Office or, if None, Residence

            The  address of the  principal  business  office of each of Magnetar
Capital  Partners,  Supernova  Management,  and Mr.  Litowitz is 1603  Orrington
Avenue, 13th Floor, Evanston, Illinois 60201.

Item 2(c).  Citizenship

            i)    Magnetar Capital Partners is a Delaware limitied partnership;

            ii)   Supernova  Management is a Delaware limited liability company;
                  and

            iii)  Mr. Litowitz is a citizen of the United States of America.



                                                             Page 6 of 11 Pages

Item 2(d).  Title of Class of Securities:

            Common Stock, $0.01 par value per share (the "Shares")

Item 2(e).  CUSIP Number:

            625453105

Item 3.     If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
            240.13d-2(b) or (c), Check Whether the Person Filing is a:


            (a) [ ]  Broker  or  dealer  registered  under  Section  15  of  the
                     Exchange Act.
            (b) [ ]  Bank as defined in Section 3(a)(6) of the Exchange Act.
            (c) [ ]  Insurance  company as defined  in Section  3(a)(19)  of the
                     Exchange Act.
            (d) [ ]  Investment  company  registered  under  Section  8  of  the
                     Investment Company Act.
            (e) [X]  An   investment    adviser   in   accordance    with   Rule
                     13d-1(b)(1)(ii)(E);
            (f) [ ]  An employee  benefit plan or endowment  fund in  accordance
                     with Rule 13d-1(b)(1)(ii)(F).
            (g) [ ]  A parent  holding  company or control  person in accordance
                     with Rule 13d-1(b)(1)(ii)(G).
            (h) [ ]  A savings  association  as defined  in Section  3(b) of the
                     Federal Deposit Insurance Act.
            (i) [ ]  A church plan that is excluded  from the  definition  of an
                     investment company under Section 3(c)(14) of the Investment
                     Company Act.

Item 4.     Ownership:

Item 4(a)   Amount Beneficially Owned:

            As of December 31,  2007,  each of Magnetar  Capital  Partners,
Supernova  Management and Mr. Litowitz may be deemed to be the beneficial owner
of 1,690,537 Shares. This amount consists of: (A) 1,215,922 Shares held for the
account of Magnetar  Capital Master Fund; (B) 2,205 Shares held for the account
of Magnetar SGR Fund Ltd.;  (C) 53,265  Shares held for the account of Magnetar
SGR  Fund  LP and (D)  419,145  Shares  held  for the  account  of the  Managed
Accounts.

Item 4(b)   Percent of Class:

            The  number of Shares of which each of  Magnetar  Capital  Partners,
Supernova  Management and Mr. Litowitz may be deemed to be the beneficial  owner
constitutes approximately 6.44% of the total number of Shares outstanding (based
upon  information  provided by the Issuer in its most recent filed  registration
statement on Form 10-K, there were  approximately  26,268,697 shares outstanding
as of December 5, 2007).



                                                             Page 7 of 11 Pages

Item 4(c)   Number of Shares of which such person has:

Magnetar Capital Partners, Supernova Management, and Mr. Litowitz:
------------------------------------------------------------------
(i) Sole power to vote or direct the vote:                                    0
(ii) Shared power to vote or direct the vote:                         1,690,537
(iii) Sole power to dispose or direct the disposition of:                     0
(iv) Shared power to dispose or direct the disposition of:            1,690,537

Item 5.     Ownership of Five Percent or Less of a Class:

            This Item 5 is not applicable.

Item 6.     Ownership of More than Five Percent on Behalf of Another Person:

            This Item 6 is not applicable.

Item 7.     Identification and Classification of the Subsidiary Which Acquired
            the Security Being Reported on By the Parent Holding Company:

            See disclosure in Item 2 hereof.

Item 8.     Identification and Classification of Members of the Group:

            This Item 8 is not applicable.

Item 9.     Notice of Dissolution of Group:

            This Item 9 is not applicable.

Item 10.    Certification:

            By signing below each of the Reporting  Persons  certifies  that, to
the best of their  knowledge and belief,  the securities  referred to above were
not  acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not



                                                             Page 8 of 11 Pages

acquired  and  are not  held in  connection  with  or as a  participant  in any
transaction having that purpose or effect.





                                                             Page 9 of 11 Pages


                                   SIGNATURE

      After  reasonable  inquiry and to the best of my knowledge and belief,  I
certify that the information set forth in this statement is true,  complete and
correct.

Date: February 13, 2008              MAGNETAR CAPITAL PARTNERS LP


                                     By: /s/ Alec N. Litowitz
                                         -----------------------------
                                     Name:  Alec N. Litowitz
                                     Title: Manager of Supernova Management LLC,
                                            as General Partner of Magnetar
                                            Capital Partners LP

Date: February 13, 2008              SUPERNOVA MANAGEMENT LLC


                                     By:  /s/ Alec N. Litowitz
                                          ----------------------------
                                     Name:  Alec N. Litowitz
                                     Title: Manager

Date: February 13, 2008              ALEC N. LITOWITZ

                                     /s/ Alec N. Litowitz
                                     --------------------





                                                            Page 10 of 11 Pages


                                 EXHIBIT INDEX


Ex.                                                                    Page No.
---                                                                    --------

A.    Joint Filing Agreement, dated February 13, 2008 by and among
      Magnetar Capital Partners LP,  Supernova Management LLC, and
      Alec N. Litowitz............................................        11




                                                             Page 11 of 11 Pages


                                   EXHIBIT A

                             JOINT FILING AGREEMENT

      The  undersigned  hereby  agree  that the  statement  on Schedule 13G with
respect to the Common Stock of Multimedia  Games,  Inc. dated as of February 13,
2008 is, and any  amendments  thereto  (including  amendments  on Schedule  13D)
signed  by each of the  undersigned  shall  be,  filed on  behalf  of each of us
pursuant to and in accordance  with the  provisions  of Rule 13d-1(k)  under the
Securities Exchange Act of 1934, as amended.


Date: February 13, 2008              MAGNETAR CAPITAL PARTNERS LP


                                     By:  /s/ Alec N. Litowitz
                                          -------------------------------
                                     Name:  Alec N. Litowitz
                                     Title: Manager of Supernova Management LLC,
                                            as General Partner of Magnetar
                                            Capital Partners LP

Date: February 13, 2008              SUPERNOVA MANAGEMENT LLC


                                     By:  /s/ Alec N. Litowitz
                                          -------------------------------
                                     Name: Alec N. Litowitz
                                     Title: Manager

Date: February 13, 2008              ALEC N. LITOWITZ

                                     /s/ Alec N. Litowitz
                                     --------------------