Tuesday, January 02, 2007

PacificNet Inc., a provider of Customer Relationship Management (CRM) which
seems to be having more fun in the gambling business than CRM these days (as
if that's such a huge leap), has reported that its PacificNet Games Limited
subsidiary has been selected by Jai Alai Casino, a casino in Macau, to
provide multi-player electronic gambling machines. Phase one implementation
includes 40 multi-player electronic gambling machines. Terms of the
agreement were not disclosed for competitive reasons. Located at Jai Alai
Building, Avenida de Amizade, Macau, in Communist China, Jai Alai Casino
Macau has 67,075 square feet of gambling with about 250 slot machines, 61
table games and 4 VIP rooms, and is open 24 hours a day. And if jai alai,
baccarat, blackjack and roulette aren't your cup of green tea you can lose
money on more traditional Chinese gambling such as Fish-Prawn-Crab, Sic-Bo
Cussec and Fan Tan. Two weeks ago, PacificNet announced that its PacificNet
Games Limited (PacGames) subsidiary was selected by Casino Lisboa to provide
120 multi-player Electronic Gaming Machines (EGM) for Phase One
implementation at Casino Lisboa. Previously, PacGames also announced that it
was selected by Holiday Inn Macau Casino to provide multi-player electronic
gambling machines. Victor Tong, President of PacificNet, notes that Macau
has become the fastest growing part of China and "we are very excited to be
moving forward in our pursuit of the Macau gaming technology business. We
believe the Asian gaming market has huge growth potential and that we are
well positioned to win more hotel-casino clients and capture a growing
market share as a leading gaming technology provider in the region." The
numbers bear him out: According to recent statistics provided by the Macau
government, Macau is one of the fastest-growing gambling markets in the
world and is predicted to surpass Las Vegas in total revenues by 2007. In
2005, Macau's gambling revenues reached $5.8 billion, second only to Las
Vegas gambling revenues of $6 billion.

With the disposable income of the average Chinese on the rise Macau, the
only area in China where gambling is legal, expects its gambling and
entertainment market to grow for years to come.

Earlier this week PacificNet, Inc. announced that its Take1 Technologies
subsidiary has introduced a new line of gambling machine products:
Electronic Bingo Machines.

Recent regulation changes in several European countries have opened the
doors to more widespread electronic bingo operators and a need to upgrade to
the latest client-server based bingo gambling machines.