Electronic gaming machine maker Paradise Entertainment Ltd said it has installed 63 Live Multi Game (LMG) terminals at casino hotel Lan Kwai Fong (pictured) in Macau. The new electronic gaming area inside the casino opened on Tuesday, offering six baccarat games and Paradise Entertainment’s side-bet progressive jackpot system, the firm said in a press release.
The 63 LMG machines – featuring a live dealer but electronic betting and bet settlement – were installed at casino Lan Kwai Fong under a leasing agreement, the company added.
“Paradise is committed to meeting the needs of its customers,” Jay Chun, chairman of Paradise Entertainment, said in a statement.
“We welcome the opportunity to work together with casino Lan Kwai Fong to provide [a] electronic gaming solution that is befitting the current casino landscape. We are confident that our solution will deliver incremental growth to the casino floor yield,” Mr Chun added.
Paradise Entertainment develops, supplies and operates electronic gaming products and systems in Macau and internationally under the LT Game brand.
“We are excited to be partnering with the frontrunner of the ETG [electronic table games] industry. We can leverage on Paradise’s solution to appeal to a broader mass market audience and to offer a variety of games that enhances our players’ experience,” a representative of casino Lan Kwai Fong was quoted saying in Tuesday’s release.
Paradise Entertainment said the latest deal means the company now has over 3,700 LMG terminals deployed across 18 casinos in Macau. Nearly half of these units are installed at gaming venues managed by Paradise Entertainment, according to data disclosed by the company earlier this year.
Mr Chun said: “There is certainly a pick up in momentum in the demand [for] electronic table game[s] in Macau. We hope our success at casino Lan Kwai Fong will open up more deployment opportunities in the satellite casino market [of Macau].”
In May, Mr Chun said Paradise Entertainment expected to sell about 1,000 units in the Macau market this year.
The Hong Kong-listed casino equipment maker in August posted a net loss of HKD23.9 million (US$3.1 million) for the first half of 2015, compared to a net profit of HKD45.6 million a year earlier.
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”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia