Showing posts with label PacificNet. Show all posts
Showing posts with label PacificNet. Show all posts

Tuesday, September 25, 2007

Online casino giant enters Cambodian market, what will be the revenue for the Cambodian gov't?

Online Casino Giant PacificNet Enters Into Cambodian Market

September 25, 2007
Staff Editor,
CasinoGamblingWeb.com

PactGames, which is a subsidiary of PacificNet, Inc. and they have signed a revenue sharing agreement with a leading gaming operator to put their products into several areas of the Cambodian market.

The products include virtual baccarat, fish prawn grab, card games bingo, poker, live gaming, online virtual casino, slot, land based kiosk networks, mobile gaming, and fixed odds games.

Those games are also accompanied by a management system that makes it easy for operators to control these games, as well as user accounts of people who are playing the games.

The Asian market is a huge one for PacificNet, who has over 300 engineers working on new technology, plus, more than 1200 other personnel in Asia.

Victor Tong, President of PacificNet had this to say about the advancement of his company overseas, "We are pleased to enter the Cambodian market which we feel has much potential in terms of returns."

Perhaps he was speaking of the fact that Cambodia has only allowed gaming for less then a decade now, and the industry has taken off in those few years. There is also major casino projects being planned for the area, a reason that PacificNet wants to get there now, so when the expansion is completed, they will have the inside track on the business.

The current agreement calls for PactGames to be placed in several cities in Cambodia including, Bavet, PoiPet, Phnom Penh right now, and Laos, Vietnam, and Myanmar, next year.