LAS VEGAS, NV, May 16, 2019 (GLOBE NEWSWIRE) -- Luxury gaming manufacturer and electronic table game (ETG) market leader Interblock® announced the renewal of its ETG lease deal with the Philippine Amusement and Gaming Corporation (PAGCOR) for another 3 years via its long term partnership with Indepth Insights Inc. (Indepth).
Interblock together with its local agent, Indepth, inked the very first ETG revenue-share lease deal with PAGCOR in June of 2015 at 12 PAGCOR operated casinos for a period of 3 years. As part of the deal Interblock supplied, installed and maintained 192 G5 Diamond play stations with fully automated Roulette and video Baccarat Stadiums. At the end of December 2018 the total number of seats had increased to 204 G5 Diamond play stations spanning across 14 PAGCOR operated casinos throughout major cities in the Philippines.
Interblock’s President of Asia Pacific, Michael Hu, said: “The revenue generated from our first installations had increased strongly from month to month through our continuous performance appraisals. It is with great honor that through our partnership with Indepth and PAGCOR and their continued support of our ETG products we have been able to extend the lease agreement for another 3 years, through January of 2019. This is a win-win partnership combination.”
About Interblock
Interblock® is a worldwide leading developer and supplier of luxury electronic table gaming products. Its multi-player gaming devices set industry standards and provide the ultimate in luxury interactive entertainment experiences. The Interblock brand is globally recognized for diamond quality gaming solutions and technical support in more than 200 jurisdictions. Interblock’s exclusive collection of fully and semi-automated electronic gaming tables and video gaming solutions provide casinos, arcades and gambling halls with superior product performance and their guests with an unforgettable gaming experience. For more information, visit www.interblockgaming.com or call +1 (702) 260-1384 or +61 (0) 2 9878 2388.
About PAGCOR
The Philippine Amusement and Gaming Corporation (PAGCOR) is a 100% government owned and controlled corporation under the Office of the President of the Republic of the Philippines through the Presidential Decree 1067-A. This was in response for the Philippines Government to put a stop to the growing proliferation of illegal casino operations in various parts of the country. The law creating PAGCOR was later amended and consolidated under PD 1869 otherwise known as the PAGCOR Charter. In June 2007, Republic Act No. 9487 was passed by the Philippines Congress, extending the corporate life by 25 years, renewable for another 25 years. Currently, PAGCOR operates 9 casino branches and 31 satellite casinos in major cities across the country’s three major islands. For more information, visit http://www.pagcor.ph.