Paradise Entertainment Ltd – a Hong Kong-listed casino management firm and maker of electronic casino games under the LT Game brand – says it opened a new slot hall (pictured) on Monday at Casino Waldo, part of a casino hotel in downtown Macau.
What Paradise Entertainment described as the “first phase” of the new slot hall features 139 machines from manufacturers including IGT Plc, Aristocrat Leisure Ltd, Aruze Gaming Inc, Aspect Gaming Ltd, Hydako Co Ltd and APE-Incredible Technologies Ltd.
In August last year, LT Game signed a three-year distribution agreement with the then International Game Technology. GGRAsia has been told that the terms of the deal have been honoured by the management of the new IGT Plc, which on April 7 merged with and into Italy’s GTech SpA. One of the terms of the 2014 deal is that LT Game acts as distributor of IGT products in Macau.
The slot machines in the new hall add to the existing 27 traditional gaming tables and 300 terminals for LT Game’s Live Multi Game product at Casino Waldo.
Live Multi Game features a live dealer but electronic betting and bet settlement, allowing one dealer to serve many more customers than can a single dealer at a traditional live table.
Casino Waldo operates gaming under a Galaxy Entertainment Group Ltd licence. Gaming at the property has been managed by Paradise Entertainment since 2014.
On May 29 Paradise Entertainment revealed it had supplied 42 of its Live Multi Game terminals to Galaxy Macau Phase 2. The Galaxy Entertainment property on Cotai opened on May 27.
Paradise Entertainment also has deployed an additional 50 Live Multi Game terminals at Galaxy Macau Phase 1, the firm stated. Those added to the 150 terminals previously already installed there.
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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