Electronic casino table game supplier Interblock DD says it has renewed a three-year deal to lease automated gaming systems to the Philippine Amusement and Gaming Corp (Pagcor).
Interblock announced on Thursday that its Philippine agent, Indepth Insights Inc, had renewed the deal with Pagcor, which is both a regulator of casinos and an operator of gaming facilities – branded Casino Filipino – in the Philippines.
Indepth first signed the “revenue-share lease deal” with Pagcor in June 2015. The deal committed Interblock to supplying, installing and maintaining 192 G5 Diamond play stations with fully automated roulette and video baccarat stadiums.
By last December the number of seats had increased to 204 G5 Diamond play stations, installed in 14 casinos operated by Pagcor in cities across the Philippines.
“The revenue generated from our first installations had increased strongly from month to month through our continuous performance appraisals,” the statement quotes Interblock Asia Pacific president Michael Hu as saying. He said the deal was “a win-win partnership combination.”
Mr Hu was named Interblock’s Asia-Pacific president in March.
The firm’s business in Asia includes more than 7,000 stations, including recent installations in Vietnam and South Korea, aside from the Philippines.
In November, Mr Hu told GGRAsia he hoped to have multi-game machines installed in Macau’s casinos soon.
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"We forecast Grand Lisboa Palace will have EBITDA of HKD2.0 billion (US$260 million) with 330 tables by 2022, and HKD3.5 billion with 380 tables by 2023"
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