8th January 2010
By Simon Liddle
(CAAI News Media)
Elixir Gaming Technologies has signed an agreement with NagaWorld, a subsidiary of Hong Kong listed NagaCorp, under which it will place an additional 200 electronic gaming machines on a participation basis at its NagaWorld casino resort in Cambodia.
The deal also amends an earlier agreement to increase the overall average revenue share to Elixir Gaming to 25 per cent and extend the duration of the contract.
Elixir currently operates 440 gaming machine seats at NagaWorld, which achieved average win per unit per day of over $200 for in November and December.
Commenting on the new agreement, Clarence Chung, chairman and chief executive officer of Elixir, said the company was pleased to expand its slot floor operations with NagaWorld.
“With these additional units, Elixir Gaming will have gaming machines installed covering most of the currently available prime ground floor space at NagaWorld,” he remarked.
“Given NagaWorld’s position as the exclusive casino licence holder in the Phnom Penh area and our demonstrated success with our current slot operations at NagaWorld, we feel confident that we can continue to drive strong growth in participation revenue and cash flow with these additional placements.
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