PacificNet Announces Orders of Electronic Gaming Machines From Two More Casinos in Macau |
-- PacGames Multiplayer Electronic Gaming Machine (EGM) Products Continue
to Receive Market Acceptance in Asia's Leading Hotel-Casino Markets
BEIJING, Dec. 19 /Xinhua-PRNewswire/ -- PacificNet Inc. (Nasdaq: PACT),
a leading provider of Customer Relationship Management (CRM), mobile
internet, e-commerce and gaming technology in China, announced today that
its PacificNet Games Limited (PacGames) subsidiary has received orders from
two more casinos in Macau, China for multi-player Electronic Gaming
Machines (EGM). Terms of the orders were not disclosed for competitive
reasons.
"We are delighted to receive two more Electronic Gaming Machine orders
from casinos in Macau," said Tony Tong, Chairman and CEO of PacificNet.
"Although we cannot divulge the specifics on these sales due to the highly
competitive current market in Macau, we do want to convey our rapid
progress in the Macau gaming market to our shareholders and the gaming
world. Initial sales and acceptance of installed units are showing that our
machines are right for the Macau market and we are happy to see that our
multiplayer EGM installation base is seeing steady growth in Asia."
According to recent Reuters reports, multiplayer gaming machines have
proven to be very popular in Macau. The trend is away from traditional,
individual terminal games towards multi-player, shared experience games.
Electronic adaptations of popular table games are proving exceptionally
popular, both by players and casino operators. Players enjoy a private
betting terminal over a crowded table while casino operators enjoy greater
accuracy, dealing speed, and cost savings of not having a human dealer. "A
powerful and developing trend over the next two years will be the movement
toward multi-station, communal play gaming devices," said Merrill Lynch
analyst David Anders in a note quoted by Reuters.
About PacificNet
PacificNet Inc. (http://www.PacificNet.com) is a leading provider of
Customer Relationship Management (CRM), mobile internet, e-commerce and
gaming technology in China. PacificNet's clients include the leading
telecom companies, banks, insurance, travel, marketing and business
services companies and telecom consumers in Greater China. PacificNet's
corporate clients include China Telecom, China Mobile, Unicom, PCCW,
Hutchison Telecom, Bell24, Motorola, Nokia, SONY, TCL, Huawei, American
Express, Citibank, HSBC, Bank of China, Bank of East Asia, DBS, TNT, Hong
Kong Government, and leading hotel- casinos in Macau and Asia. PacificNet
employs over 1,400 staff in its various subsidiaries throughout China with
offices in Hong Kong, Beijing, Shenzhen, Guangzhou, Macau, and branch
offices in 28 provinces in China and is headquartered in Beijing and Hong
Kong.
PacificNet Games Limited (PacGames), is a leading provider of Asian
multi- player electronic gaming machines, gaming technology solutions,
gaming related maintenance, IT and distribution services for the leading
hotel, casino and slot hall operators based in Macau, China and other Asian
gaming markets. PacGames is a leading developer of electronic versions of
popular table games which are less expensive to run resulting in higher
casino profits with great appeal to the mass market players. The growing
market in Macau is for Asian table games such as Baccarat, Roulette, Fan
Tan, Fish-Prawn-Crab and Sic-Bo Cussec as these games have wider acceptance
in the Asian market than Western games such as poker or slots. The
development, manufacturing, maintenance, and service of electronic Asian
table games are underserved areas which are predicted to grow considerably
as Macau's gaming market matures. PacGames products include multi-play
electronic gaming machines such as Baccarat, Fish- Prawn-Crab, Sib-Bo
Cussec, Roulette, and Video Lottery Terminals (VLT) such as Keno and Bingo,
as well as other traditional slot machines.
Safe Harbor Statement
This Company's announcement contains forward-looking statements. We may
also make written or oral forward-looking statements in our periodic
reports to the SEC on Forms 10-K, 10-Q, 8-K, etc., in our annual report to
shareholders, in our proxy statements, in press releases and other written
materials and in oral statements made by our officers, directors or
employees to third parties. Statements that are not historical facts,
including statements about our beliefs and expectations, are
forward-looking statements. These statements are based on current plans,
estimates and projections, and therefore you should not place undue
reliance on them. Forward-looking statements involve inherent risks and
uncertainties. We caution you that a number of important factors could
cause actual results to differ materially from those contained in any
forward-looking statement. Potential risks and uncertainties include, but
are not limited to, PacificNet's historical and possible future losses,
limited operating history, uncertain regulatory landscape in China, and
fluctuations in quarterly and annual operating results. Further information
regarding these and other risks is included in PacificNet's Form 10K and
other filings with the SEC.
Contact:
PacificNet USA office: Jacob Lakhany, Tel: +1-605-229-6678
PacificNet Beijing office: Ada Yu, Tel: +86 (10) 59225000
SOURCE PacificNet Inc.
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CONTACT:
PacificNet USA office, Jacob Lakhany,
+1-605-229-6678, or PacificNet Beijing office, Ada Yu, +86 (10)
59225000
