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PacificNet, Inc. Release date: March 23, 2007
Company Launches New Gaming Machines for the Philippine Market and Received
Positive Reviews from Asia's leading gaming operators
MANILA, Philippines, March 23 -- 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 subsidiary, PacificNet Games Limited (PacGames), successfully presented its latest Multiplayer Electronic Gaming Machines (EGM), Sic-Bo Machines, Baccarat Machines, Roulette Machines, and Slot Machines at the GEM Gaming & Entertainment Plus Leisure Expo 2007 in Manila, Philippines, March 21-23 (http://www.asiangemphil.com/). The machines received rave reviews from some of the leading casino operators in Asia including praise from Philippine Amusement and Gaming Corporation (PAGCOR) Casino Filipino Chairman, Efraim Genuino. PAGCOR is the Philippines' largest gaming operator. In addition to its exhibition booth, PacificNet Games also shared its Macau success story of its high-return multi-player gaming machines at the "Gaming & Investment Conference" on the first day of the conference.
While visiting PacificNet Games' exhibition booth, PAGCOR Chairman Efraim C. Genuino commented, "We welcome your effort in launching your gaming machines for the high growth Philippine market. As one of the leading gaming markets in Asia, we believe the Philippines will present huge opportunities for the leading gaming technology providers from all over the world."
Tony Tong, Chairman and CEO of PacificNet, said, "We are thankful to PAGCOR and Chairman Efraim Genuino for giving us this excellent opportunity to showcase our gaming products to PAGCOR and other operators and key players in the Philippine casino and gaming market. The Philippine gaming market is even bigger than Macau in terms of gaming machine installations and presents huge opportunities for PacificNet Games. This is the first time PacificNet has had a chance to showcase our latest gaming products at a leading international gaming expo in the Philippines. We believe the Philippine market will continue to grow rapidly as one of the top destinations for Chinese tourists from China, Taiwan, Hong Kong and Macau, since it is only a 2 hour flight from Manila to Hong Kong."
"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," said Victor Tong, President of PacificNet. "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. PacGames' multi-player Electronic Gaming Machines have quickly proven to be one of the best performing gaming machines designed for Asian players. 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 throughout Asia."
According to recent report by Global Gaming Business, Jeffries Wall Street, the Philippine gaming market consists of about 5000 gaming machines, over 620 gaming tables, and over 8500 positions, and represents the second largest gaming market in Asia, after Macau.
About the Philippine Amusement and Gaming Corporation (PAGCOR)
The Philippine Amusement and Gaming Corporation (http://www.casinofilipino-online.com/) is a 100 percent government-owned and controlled corporation created in 1977. PAGCOR is consistently the third largest income-generating arm of the Philippine government. In 2006, PAGCOR generated revenues of over 726 million USD.
PAGCOR currently operates 14 Casino Filipino branches in major cities aside from slot machine arcades and Casino Filipino VIP clubs. Casino Filipino branches offer internationally recognized games like Baccarat, Blackjack, Roulette, Craps, Big & Small, Pai Gow Poker, Stud Poker, Pontoon, Super 6 and slot machines.
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 products include multi-player electronic gaming machines (EGM), slot machines, server-based downloadable games systems, Video Lottery Terminals (VLT) and bingo machines, including hardware, software, and client-server systems.
Source: PacificNet, Inc.
CONTACT: Jacob Lakhany of PacificNet USA, +1-605-229-6678; Ada Yu of PacificNet Beijing, +86 (10) 59225000; PacificNet Shenzhen Office, +86 (10) 33222088; PacificNet Games Limited, Macau, +853-28704154, +Fax, 853-28704154, all of PacificNet, Inc.
Web site: http://www.pacificnet.com/ http://www.asiangemphil.com/ http://www.casinofilipino-online.com/
Company Information:
Name: PacificNet, Inc.
Address: 416 Production Street North
City: Aberdeen
State: SD
ZIP: 57401
Country: USA
Phone: 605-229-6678
http://www.pacificnet.com/pact/
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