Immotion Group PLC Immotion extends contract with Mandalay Bay (8960B)

TIDMIMMO

RNS Number : 8960B

Immotion Group PLC

13 October 2020

Immotion Group plc

("Immotion Group", the "Company")

Immotion extends contract with Mandalay Bay

Immotion Group, the UK-based immersive entertainment group, is pleased to announce it has reached agreement with Mandalay Bay Resort and Casino in Las Vegas to extend the contract for its 'Undersea Explorer Virtual Reality Theater' from 18 months to a term of 30 months from opening.

The 36-seat VR theatre and immersive experience centre, included with admission to the Shark Reef Aquarium, has been in operation since August 1, 2020. The revised agreement extends the contract until February 2023.

Rod Findley, Group Commercial Director - Immotion said: "We couldn't be happier. It has been an absolute pleasure working with Mandalay Bay and the Shark Reef Aquarium team. Undersea Explorer is a ground-breaking new kind of attraction for aquariums and resorts and we look at the contract extension as a vote of confidence in our offering."

"The guest reaction to the experience has been so overwhelmingly positive that we are just happy to be able to immerse more Shark Reef Aquarium patrons in our virtual undersea world. From the business side, the extended contract will allow us the opportunity to perform to full potential for a good stretch of time once the pandemic has passed."

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

Enquiries:

For further information please visit www.immotion.co.uk , or contact:

 
 Immotion Group           Martin Higginson   Tel: +44 (0) 161 
                                              235 8505 
 WH Ireland Limited       Adrian Hadden      Tel + 44 (0) 207 
  (Nomad and Joint         Darshan Patel      220 1666 
  Broker)                  Matthew Chan 
 Shard Capital Partners   Damon Heath        Tel: +44 (0) 20 7186 
  LLP                      Erik Woolgar       9900 
  (Joint Broker) 
 Alvarium Capital         Alex Davies        Tel: +44 (0) 207 
  Partners                                    195 1433

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October 13, 2020 02:00 ET (06:00 GMT)

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