Entertainment Gaming Asia and Macau-based LT Game have concluded an agreement calling for LT to supply its popular electronic table games to Entertainment Gaming’s Dreamworld Pailin casino in Cambodia.
The deal also gives Entertainment Gaming exclusive rights to market and sell LT products to certain casinos and machine gaming venues for a limited time in EGA’s core markets of Cambodia, Vietnam and the Philippines — six months initially in Cambodia and Vietnam, one year in the Philippines — and renewable subject to the achievement of sales targets.
“With the ability to fully leverage our relationships and existing infrastructure in both Indochina and the Philippines, this agreement provides the opportunity for incremental revenue, which should directly impact the bottom line,” said Clarence Chung, chairman and chief executive of the US-listed operator and supplier (Nasdaq: ETG).
LT Chairman Jay Chun called it a “natural fit” with his company’s own expansion efforts. “We look forward to building on the success we have experienced in Macau in these new markets,” he said.
LT Game is the principal subsidiary of a Hong Kong-listed entity called Paradise Entertainment (HKSE: 1180).
Dreamworld Pailin, which opened in 2012 near the border with Thailand, from where it derives most of its players, will receive LT live-dealer electronic baccarat and roulette setups totaling 30 seats. Dreamworld will keep 85% of their net win, LT, 15%.
The installation is expected to be operational within a month. The agreement will run for five years.
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