Hong Kong-based casino equipment maker and gaming services provider Paradise Entertainment Ltd. (SEHK: 1180) has reportedly deployed a total of 267 of its Live Multi Game (LMG) terminals at two Macau casinos.
Announced via press release on Friday, Paradise Entertainment stated that on Feb. 15 it had signed an agreement to install 50 of its LMG terminals at L’ Arc Macau. The SJM Holdings Ltd-owned and operated casino is situated in the L’Arc Macau (pictured), a hotel and casino situated in the city’s downtown casino district just across from the Wynn Macau.
According to the firm’s press release, the LGM terminals will be installed under a revenue sharing arrangement to the venue for an initial period of three years, after which time the arrangement is renewable every two years.
Paradise Entertainment also stated in the press release that it had additionally deployed 217 LMG terminals at MGM China Holdings Ltd.’s second integrated casino, hotel and entertainment complex in Macau, MGM Cotai. The 35-story, $3.4 billion resort opened on Feb. 13 when according to the press release the machines went live.
In a statement included in the firm’s press release, Chairman and managing director for Paradise Entertainment, Jay Chun, said, “We are delighted to provide an update on our recent deployment of LMG terminals in Macau which poses a very good start for our business in 2018. It also shows that LMG, our flagship product, is welcomed by both casinos of gaming license holders and satellite casinos in Macau. This product can remarkably enhance the player gaming experience in casinos and on the other hand provide better gaming efficiency and security, and cost-saving solutions to casinos.”
Chun added, “As the inventor, the patent-owner and the sole-supplier of LMG terminals in Macau, the Group will, as always, strive to support the development of gaming industry and has always been committed to research and development of LMGs and other electronic gaming equipment and systems in future.”
Under the LT Game brand, Paradise Entertainment develops, supplies and sells electronic gaming systems internationally, as well as in Macau. Popular with Asian players, the LGM product features electronic betting and bet settlement but with a live dealer.