PacificNet Games Launches New Gaming Product Line Including Multiplayer SicBo Machines at the Macau International Gaming & Enter
March 16 2007 - 2:24PM
PR Newswire (US)
- Company declares this week's Macau Gaming Expo a big success. -
Company to present its latest Multiplayer Electronic Gaming
Machines (EGM), Slot Machines and other gaming technology products
at the GEM Gaming & Entertainment Plus Leisure Expo 2007 in
Manila, Philippines, March 21-23, at the World Trade Center, Booth
P52. MACAU, China, March 16 /Xinhua-PRNewswire/ -- PacificNet, Inc.
(Nasdaq GM: PACT), a leading provider of Customer Relationship
Management (CRM), mobile internet, e-commerce and gaming technology
in China, announced today that its subsidiary, PacificNet Games
Limited (PacGames), launched a new line of gaming products called
the Multiplayer Electronic Table Game Series at the 6th
International Gaming & Entertainment Expo (Gaming 2007) in
Macau, China, March 14-16 (http://www.gaming-exhibition.com/). The
first products in the Multiplayer Electronic Table Game Series,
Multiplayer Electronic SicBo Machines, were given positive reviews
upon their initial presentation to the leading casino operators in
Asia. PacificNet Inc. currently owns 51% of PacGames and has a
preemptive right to maintain the 51% ownership in case of any
dilution due to exercise of options or warrants by any new
investors. "This is the first time PacificNet has had a chance to
showcase our gaming products at a leading international gaming expo
in Macau," said Tony Tong, CEO of PacificNet. "After achieving
early success in the Macau gaming market we believe that we are
ready to expand into other parts of Asia as we see strong demand
and opportunities for growth in other Asian gaming markets. We are
satisfied with our success in Macau as we have quickly become one
of the leading local suppliers of gaming machines to some of the
most famous casinos in Macau and Asia." "As Macau's gaming market
undergoes growing competition, casino operators in Macau have to
quickly adapt to the latest demands and trends by installing the
most popular and profitable gaming machines catered to the Asian
gamers," said Victor Tong, President of PacificNet. "PacGame's
multi-player Electronic Gaming Machines have quickly proven to be
one of the best performing gaming machines designed for the Asian
players. Macau has become the fastest growing part of China and we
are very excited to be moving forward in our pursuit of the Macau
gaming technology business. We believe the Asian gaming market has
huge growth potential and that we are well positioned to win more
hotel-casino clients in order to capture a growing market share as
a leading gaming technology provider in the region." SicBo
originated in China over one thousand years ago and is a game of
chance played with three dice that are shaken in a basket or a
plastic cup. Traditionally, in Asia, the dice were shaken on a
small plate covered with a bowl, which was then lifted to reveal
the roll. In modern casinos the dice are shaken mechanically, and
the outcome is keyed into a computer which automatically lights up
the winning zones on the table. SicBo is popular in Asia and widely
played (as dai siu or big small) in casinos in Macau. It is played
in the Philippines as hi-lo. It was introduced into the USA by
Chinese immigrants in the early 20th century, and can now be found
in most American casinos. Grand hazard and chuck-a-luck are
variants, and of English origin. According to recent statistics
provided by the Macau government, Macau is the fastest-growing
gaming market in the world and has recently surpassed Las Vegas as
the largest gaming market in the world at the end of 2006 as
Macau's gaming revenue reached US$7 billion. Macau's casinos offer
the largest variety of casino games anywhere in the world,
combining both established western favorites with popular eastern
games. The number of hotel-casinos in operation and in development
in Macau continues to grow, including well-known Chinese names such
as Galaxy and Melco and famous Las Vegas names such as the Sands,
the Venetian, and the newly opened Wynn Resort. With the disposable
income of the average Chinese on the rise, Macau's gaming and
entertainment market is expected to grow for years to come. Macau
is the only area in China where gambling is legal. PacificNet Games
Limited (PacGames), will be presenting and exhibiting its latest
Multiplayer Electronic Gaming Machines (EGM), Slot Machines and
other gaming technology products at the GEM Gaming &
Entertainment Plus Leisure Expo 2007 in Manila, Philippines, March
21-23 (http://www.asiangemphil.com/), at the World Trade Center,
Booth P52. The Expo is sponsored by the Asian Gem & Tourism
Foundation, Inc. and presented by the PAGCOR Casino Filipino. In
addition to its exhibition booth, PacificNet Games is scheduled to
present its Macau success story of its high-return multi-player
gaming machines at the "Gaming & Investment Conference" at the
Hyatt Hotel & Casino Manila on March 21. About PacificNet
PacificNet Inc. (http://www.pacificnet.com/) is a leading provider
of Customer Relationship Management (CRM), mobile Internet,
e-commerce and gaming technology in China. PacificNet's clients
include the leading telecom companies, banks, insurance, travel,
marketing and business services companies and telecom consumers in
Greater China. PacificNet's corporate clients include China
Telecom, China Mobile, Unicom, PCCW, Hutchison Telecom, Bell24,
Motorola, Nokia, SONY, TCL, Huawei, American Express, Citibank,
HSBC, Bank of China, Bank of East Asia, DBS, TNT, Hong Kong
Government, and leading hotel- casinos in Macau and Asia.
PacificNet employs over 1,400 staff in its various subsidiaries
throughout China with offices in Hong Kong, Beijing, Shenzhen,
Guangzhou, Macau, and branch offices in 28 provinces in China and
is headquartered in Beijing and Hong Kong. PacificNet Games Limited
(PacGames), is a leading provider of Asian multi- player electronic
gaming machines, gaming technology solutions, gaming related
maintenance, IT and distribution services for the leading hotel,
casino and slot hall operators based in Macau, China and other
Asian gaming markets. PacGames is a leading developer of electronic
versions of popular table games, which are less expensive to run,
resulting in higher casino profits with great appeal to the mass
market players. The growing market in Macau is for Asian table
games such as Baccarat, Roulette, Fan Tan, Fish-Prawn-Crab and
Sic-Bo Cussec as these games have wider acceptance in the Asian
market than Western games such as poker or slots. The development,
manufacturing, maintenance, and service of electronic Asian table
games are underserved areas which are predicted to grow
considerably as Macau's gaming market matures. PacGames products
include multi-player electronic gaming machines such as Baccarat,
Fish-Prawn-Crab, Sib-Bo Cussec, Roulette, and Video Lottery
Terminals (VLT) such as Keno and Bingo machines, as well as other
traditional slot machines. Safe Harbor Statement This Company's
announcement contains forward-looking statements. We may also make
written or oral forward-looking statements in our periodic reports
to the SEC on Forms 10-K, 10-Q, 8-K, etc., in our annual report to
shareholders, in our proxy statements, in press releases and other
written materials and in oral statements made by our officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about our beliefs and
expectations, are forward-looking statements. These statements are
based on current plans, estimates and projections, and therefore
you should not place undue reliance on them. Forward-looking
statements involve inherent risks and uncertainties. We caution you
that a number of important factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Potential risks and uncertainties include, but are not
limited to, PacificNet's historical and possible future losses,
limited operating history, uncertain regulatory landscape in China,
and fluctuations in quarterly and annual operating results. Further
information regarding these and other risks is included in
PacificNet's Form 10K and other filings with the SEC. Contact:
PacificNet USA office: Jacob Lakhany, Tel: +1-605-229-6678
PacificNet Beijing office: Ada Yu, Tel: +86 (10) 59225000 23rd
Floor, Building A, TimeCourt, No.6 Shuguang Xili, Chaoyang
District, Beijing, China 100028 PacificNet Shenzhen Office: Tel:
+86 (10) 33222088 Room 4203, JinZhongHuan Business Center, Futian
District, Shenzhen, China 518040 PacificNet Games Limited Macau
Office: Av. Do Dr. R. Rodrigues No. 600E, Edif, First International
Commercial Center, P906, Macau Tel: +853-28704154 Fax:
+853-28704154 DATASOURCE: PacificNet, Inc. CONTACT: PacificNet USA
office: Jacob Lakhany, +1-605-229-6678, PacificNet Beijing office:
Ada Yu, +86 (10) 59225000, PacificNet Shenzhen Office: +86 (10)
33222088, PacificNet Games Limited Macau Office: +853-28704154,
Fax: +853-28704154, all of PacificNet, Inc. Web site:
http://www.pacificnet.com/ http://www.gaming-exhibition.com/
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