Hong Kong-listed Japanese pachinko operator Dynam Japan Holdings Co Ltd plans to continue investing in the development of electronic gaming machines, a new business segment the company entered recently. That is according to Dynam Japan’s chairman and chief executive Kohei Sato.
“Apart from the dedication in exceling in our pachinko business, we will also strive to expand our new businesses by purchasing more aircrafts as well as developing new casino machines,” Mr Sato stated. Aside from its investment in video slot machine development, Dynam Japan has also engaged recently in aircraft leasing.
Mr Sato’s comments were included in a company press release published on Thursday covering Dynam Japan’s financial results for the six months ended September 30.
Dynam Japan runs a number of pachinko parlours in Japan, a vertical pinball game very popular among Japanese. The company has also shown interest in taking part in Japan’s nascent casino industry. Only a maximum of three casino resort licences will be permitted in the first phase of casino liberalisation in that country, with the first property likely to open in 2025 at the earliest.
Mr Sato added in his Thursday comments that Dynam Japan so far had “developed three types of video-slot machines that were approved to launch” – he did not mention for which jurisdictions. The company senior executive said the products being developed by Dynam Japan incorporated “pachinko gaming elements”.
Mr Sato noted that Dynam Japan had in place a partnership with Singapore-based casino equipment supplier Weike Gaming Technology (S) Pte Ltd for the development of casino gaming products. According to him, one game co-developed by the two firms – “Fortune Frogs” – had already been installed in casinoa in Macau. “The operations of the machines are expected to start upon the approval from Macau Gaming Inspection and Coordination Bureau,” the city’s casino regulator, he added.
Dynam Japan said on Thursday it had recorded revenue of JPY73.97 billion (US$682.6 million) in the six months ended September 30. Net profit after taxation recorded a growth of 4.5 percent to JPY8.70 billion.
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