Leading developer and supplier of luxury electronic table gaming (ETG) products, Interblock has announced that it will, via its long-standing partnership with Indepth Insights Inc. (Indepth), renew its deal to lease automated gaming systems to the Philippine Amusement and Gaming Corporation (PAGCOR) for a further three years.
“this is a win-win partnership combination”
In June 2015, the Mengeš-headquartered subsidiary of Aristocrat Leisure Ltd together with its Philippine agent, Indepth, entered into the first three-year ETG ‘revenue-share lease deal‘ with PAGCOR at a dozen of the government-
According to the official news release…
Under the terms of the deal via the local agent, the Slovenian firm was responsible for supplying, installing and maintaining 192 G5 Diamond play stations equipped with fully automated roulette and video baccarat Stadiums. By the end of December 2018, that number had swelled to a total of 204 of the G5 Diamond play stations in use at 14 casinos operated by PAGCOR throughout major cities in the archipelagic country in Southeast Asia.
Interblock President of Asia Pacific, Michael Hu, said…
“The revenue generated from our first installations had increased strongly from month to month through our continuous performance appraisals. It is with great honor that through our partnership with Indepth and PAGCOR and their continued support of our ETG products we have been able to extend the lease agreement for another 3 years, through January of 2019. This is a win-win partnership combination.”
Having been with the company for some 15 years, in March this year, the ETG market leader promoted Hu from Vice President of Asia to President of Asia-Pacific. Hu opened the Asia branch and since then has seen Interblock’s footprint brought to more than 7000 stations, including those recently installed in South Korea and Vietnam.
Last month, Interblock U.S. revealed that it had inked a partnership agreement with Penn National Gaming Inc. (PENN: Nasdaq) for installations at more than 20 of its properties across the United States. The key deal also guarantees exclusivity on newly-released products from the company’s extensive product offering.