Paradise Entertainment said it has granted a license to Interblock, a supplier of luxury electronic gaming products, for the rights to “certain intellectual property” of non-live multi games in Macau.
The companies said in a joint press release that the rights were non-exclusive. They gave no financial details of the accord.
“Interblock is a leading developer and supplier of multi-player gaming devices in the United States, Canada, Asia, Australia, and Europe. Leveraging Interblock’s extensive sales and distribution network, proven track record and commercialization expertise, we are confident that our cooperation will significantly boost the sales of licensed gaming machines and accelerate the penetration of non-live multi-game in Macau,” the release cited Paradise Chairman and Managing Director Jay Chun as saying. “We look forward to deepening collaboration with Interblock by exploring our other gaming products such as slot machines and other upcoming products with an aim to further enlarge our market share in the electronic gaming equipment market.”
Interblock vice president Asia, Michael Hu, said the deal would help pave its access to the Macau market.
“As always, we strive to improve the entertainment experience for the goal of achieving strategic breakthroughs in development.”
Macau’s VIP gaming sector is undergoing a cash crunch as customers withdraw billions of dollars in deposits due to concern about Beijing’s crackdown on capital flows for gambling purposes, Reuters reports.
Online lottery company 500.com said a special investigative committee (SIC) established to probe its role into an alleged bribery scandal in Japan found that there had been no violation of the Foreign Corrupt Practices Act.