A new deal between luxury gaming manufacturer and electronic table game (ETG) market leader, Interblock, and Penn National Gaming Inc. (PENN: Nasdaq) will see installations at more than 20 of the Wyomissing-headquartered company’s properties across the United States.
According to the official press release…
Under the terms of the partnership agreement, Penn National is guaranteed exclusivity on newly-released products from the Las Vegas-headquartered company’s extensive product offering. That will allow the Pennsylvania-based gaming and racing operator to offer craps, roulette, baccarat and blackjack in a range of formats from ‘Standalone Automated and Video units, BarTops, Live and/or Automated Stadiums and Pulse Arenas.’
“Penn National has long been regarded as one of the leading operators in North America and Interblock’s ability to work with an operator of this caliber is incredibly fortunate for our company. We intend to use a combination of technology and innovation to help Penn reduce operating expenses across their properties, while increasing revenue.
“This partnership allows for Interblock to introduce several product segments designed for various casinos within the Penn portfolio. Everything from Stadiums to standalone units will be utilized to address the demands within each region.
“We are thankful to Penn National for this opportunity and will work hard to make this partnership a success!”
Penn National Gaming properties including Hollywood Toledo, Ameristar East Chicago and Hollywood Lawrenceburg are among the first to install, with each to be equipped with the global brand’s industry-leading Diamond Stadiums. The fully automated mechanical game generators attract both new and existing players to the generation next gaming.
Completely customizable, Diamond Stadiums work with the unique floorplans of each casino and customer base. An unlimited number of play stations are able to be connected to a single generator or table, which provides operators with a seamless method of generating revenue while at the same time reducing operator expense.
Each stadium is outfitted with dealer assist tables, automated generators and/or video generators and provide craps, roulette, baccarat and Multi-hand blackjack games to patrons from a single play station. Just the touch of a button enables operators to transform a dealer assist table into an automated stadium, allowing for non-stop revenue generation even during non-peak hours.
Vice President of Gaming Operations for Penn National, Dan Cherry, said…
“We’ve long been fans of Interblock’s electronic table games products and are pleased to be able to offer them at more than 20 of our company’s leading properties.”
It’s been an eventful few days for the Pennsylvania company, having announced on Tuesday that it will be shutting down operations at its Resorts Casino Tunica property in Mississippi on June 30. Subject to regulatory approvals, the shut-down comes just two years after the firm entered into a definitive agreement to acquire RIH Acquisitions MS I, LLC and RIH Acquisitions MS II, LLC, the holding companies for the gaming operations of Bally’s Casino Tunica and Resorts Casino.