Electronic gaming machine maker Paradise Entertainment Ltd says it has installed 50 Live Multi Game (LMG) terminals at the Flamingo Slot Club at Macau Fisherman’s Wharf.
The 50 LMG machines – featuring a live dealer but electronic betting and bet settlement – were installed under a leasing agreement, the company added in a press release.
Hong Kong-listed Paradise Entertainment develops, supplies and sells electronic gaming systems in Macau and internationally under the LT Game brand.
The Flamingo Slot Club is part of the Babylon Casino, a property developed and operated by Macau Legend Development Ltd.
“We are excited to see our LMG terminals as part of the property’s gaming offerings,” said Jay Chun, chairman and managing director of Paradise Entertainment, in a statement on Wednesday.
“Macau Legend’s selection of our electronic table game solutions is a vote of confidence of the product’s ability to drive performance for casino operators while addressing the changing casino landscape and players’ gaming experience,” Mr Chun added.
As well as making electronic gaming machines, Paradise Entertainment also has contracts to provide some gaming management services at four Macau gaming venues.
For its established LMG product, Paradise Entertainment had 3,723 units installed in 18 casinos in Macau as of November last year, including 1,700 units at its self-managed gaming venues. In February, Paradise Entertainment said it had installed 70 units at Casino Diamond – a venue operating under the gaming licence of Macau casino operator SJM Holdings Ltd – at Holiday Inn Macau.
“We are making strong inroads in the satellite casino market [in Macau] this year, following our earlier installation at Casino Diamond at the Hotel Holiday Inn Macau,” said Mr Chun in Wednesday’s release.
“We want to build on that by introducing more innovative gaming products and supporting systems to the market, and firmly establishing ourselves as the leading electronic gaming solutions provider in Macau,” he added.
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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