-- 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