omniture

PacificNet Announces Orders of Electronic Gaming Machines From Two More Casinos in Macau

2006-12-20 13:53 1590

-- PacGames Multiplayer Electronic Gaming Machine (EGM) Products Continue to

Receive Market Acceptance in Asia's Leading Hotel-Casino Markets

BEIJING, Dec. 20 /Xinhua-PRNewswire/ -- PacificNet Inc. (Nasdaq: PACT), a

leading provider of Customer Relationship Management (CRM), mobile internet,

e-commerce and gaming technology in China, announced today that its PacificNet

Games Limited (PacGames) subsidiary has received orders from two more casinos

in Macau, China for multi-player Electronic Gaming Machines (EGM). Terms of

the orders were not disclosed for competitive reasons.

(Logo: http://www.prnasia.com/sa/200611281258.jpg )

"We are delighted to receive two more Electronic Gaming Machine orders

from casinos in Macau," said Tony Tong, Chairman and CEO of PacificNet.

"Although we cannot divulge the specifics on these sales due to the highly

competitive current market in Macau, we do want to convey our rapid progress

in the Macau gaming market to our shareholders and the gaming world. Initial

sales and acceptance of installed units are showing that our machines are

right for the Macau market and we are happy to see that our multiplayer EGM

installation base is seeing steady growth in Asia."

According to recent Reuters reports, multiplayer gaming machines have

proven to be very popular in Macau. The trend is away from traditional,

individual terminal games towards multi-player, shared experience games.

Electronic adaptations of popular table games are proving exceptionally

popular, both by players and casino operators. Players enjoy a private

betting terminal over a crowded table while casino operators enjoy greater

accuracy, dealing speed, and cost savings of not having a human dealer. "A

powerful and developing trend over the next two years will be the movement

toward multi-station, communal play gaming devices," said Merrill Lynch

analyst David Anders in a note quoted by Reuters.

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-play electronic gaming machines such as Baccarat, Fish-

Prawn-Crab, Sib-Bo Cussec, Roulette, and Video Lottery Terminals (VLT) such as

Keno and Bingo, 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

Source: PacificNet Inc.
Related Stocks:
NASDAQ:PACT
Keywords: Food/Beverages
collection