Progressive table games systems manufacturer DEQ Systems Corporation has completed a move from eastern Canada to Las Vegas at the same time as announcing a 17% increase year-on-year in first-quarter revenues to $2.47 million.
According to a report from the Las Vegas Review-Journal newspaper, DEQ Systems Corporation was established in 2002 and has now moved most of its operations into 5,000 sq ft of office space on Brent Thurman Way, which is located about twelve miles from the Las Vegas Strip.
Previously based in Quebec City, DEQ Systems Corporation specializes in the development of table games and progressive jackpot technology and has its innovations installed in over 300 casinos around the world. It recently also partnered with Boyd Gaming, MGM Resorts International and Station Casinos to offer new carnival and propriety table games and revealed that it intends to have 25 executive, product compliance and development, sales and marketing staff in Nevada by the end of the year with 23 research, development and product development employees remaining in Canada.
“If you’re going to be in the gaming business, you got to be in Las Vegas; the gaming capital of the world,” Joe Bertolone, President and CEO for DEQ Systems Corporation, told the Las Vegas Review-Journal. “We’re excited about the resources and the human capital we have access to. Our customers are here. A lot of our business is based out of the west coast and Asia. It’s much more convenient to access those customers and our suppliers and supply chain is here.”
DEQ Systems Corporation markets and leases proprietary table games such as EZ Baccarat, EZ Pai Gow and Player’s Choice 21 while also developing table-friendly progressive systems that allow players to make side wagers on whether certain events occur.
“Gaming in North American has made a resurgence in the last two or three years and we’re positioning ourselves to take advantage of that,” said Bertolone. “That’s part of the reason why we moved our offices here and investing in the human capital here in Las Vegas.”
The company proclaimed that it has added over eight new products containing casino property solutions to its portfolio over the last year and is looking forward to capitalizing on the growing popularity of table games.
“We’re excited about where table games are and where they’re going,” said Bertolone. “It’s one of the areas of the casino that are getting a lot of attention because of the social nature of the play. Over the course of the last couple of years with the slot replacement cycles slowed down, casinos are focusing on their other revenue streams. The pit is where they’re seeing increased revenues and they’re paying a lot more attention.”