Macau-based gaming supplier LT Game Ltd expects overseas market sales to reach 60% of the company’s revenue in 2015.
“The growth phase will begin next year. About 60 percent of the revenue will come from overseas,” Chun told GGRAsia.
Currently, about 80% of the company’s revenue comes from sales to Macau casinos, Chen said.
The company started selling its products overseas last year. Chen said that the main focus of the LT Game is the U.S. and Australia.
Hong Kong-listed Paradise Entertainment, the parent company of LT Game, announced last month that LT Game had placed 34 more live multi-game terminals at its Macau casino hotel, bringing the total number of terminals there to 80. According to the same announcement, LT Game has supplied 50 terminals to MGM Macau, bringing the total to 109.
LTGame has also placed 172 live multi-game terminals at the Jockey Club Casino in Macau, which reopened last month. The casino is already operated by Macau, a subsidiary of Paradise Entertainment, which provides casino management services similar to those of Casino Campique Paradise, Waldo Casino, and Lisboa Casino’s live multi-game terminal zones.
Chun, who is also chairman and CEO of Paradise Entertainment, said LT (Macao) continues to look for more opportunities to offer casino services. “Basically, I want both subsidiaries to grow,” he said.
However, Chen said LT (Macao) has no intention of expanding into other markets. “We are just focusing on Macau. We have no intention of expanding outside Macau yet,” he said.
LT Game is currently in a patent battle with SHFL Entertainment (Asia) Ltd, a subsidiary of Bally Technologies Inc., over a multi-terminal system patent that combines electronic betting with live baccarat. Chen said the case is still ongoing. “We leave that question to the court.”
The patent is used on LT Game’s most popular product, Live Multi Game handsets. LT Game claims to have the only patented multi-terminal betting system for Live Baccarat available in Macau. The segment is growing fast in the city due to government restrictions on the number of live tables and consequent inflation of minimum betting prices on traditional live dealer tables.
Bali said in a March 20 press release that it had been informed by the Macau Prosecutor’s Office on March 13 that the SHFL (now part of Bali) had “infringed either of the two patents that LT Game Limited Macao, LT Game Limited Hong Kong and Paradise Entertainment claimed to have infringed.”
“Contrary to many of the failed claims made by LT Game, no court in Macau has found SHFL guilty or liable for patent infringement,” Bali said
BY: 홀짜게임