GGRAsia – Paradise Ent signs Macau licensing deal with Interblock

Paradise Ent signs Macau licensing deal with Interblock

Aug 14, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau supplier of electronic gaming equipment Paradise Entertainment Ltd has given Slovenian maker of electronic table games Interblock DD the licence to intellectual property rights for some non-live, multi-game gaming machines in Macau. Paradise Entertainment announced on Monday the arrangement is between subsidiaries of the two companies.

Paradise Entertainment sells electronic gaming equipment and systems in Macau and abroad, bearing the LT Game brand. Interblock develops and supplies electronic table games, including multi-player gaming devices, in more than 200 jurisdictions.

“Interblock is a leading developer and supplier of multi-player gaming devices in the United States, Canada, Asia, Australia and Europe,” the press release quotes Paradise Entertainment chairman and managing director Jay Chun as saying.

“Leveraging Interblock’s extensive sales and distribution network, proven track record and commercialisation expertise, we are confident that our cooperation will significantly boost the sales of licensed gaming machines and accelerate the penetration of non-live multi-game in Macau,” stated Mr Chun.

“We look forward to a deepening collaboration with Interblock by exploring our other gaming products such as slot machines and other upcoming products with an aim to further enlarge our market share in the electronic gaming equipment market,” Mr Chun added.

The announcement also quotes Interblock’s vice-president for Asia, Michael Hu, as saying: “Obtaining the intellectual property rights of non-live licensed gaming machines in Macau not only cements our leading market position but also paves our way to access to the Macau market.”

Interblock has recently announced new installations across Asia, including in the Philippines and Vietnam – where the company commands “more than 90 percent market share and more than 2,500 units installed”.

Hong Kong-listed Paradise Entertainment issued a “positive profit alert” last month. It said the expected turnaround in first-half profitability was in contrast to the loss of HKD35 million (US$4.46 million) it made in the corresponding period last year.