Published
Industry

Success Dragon extends slot machine supply agreements until 2022

Success Dragon International Holdings Ltd, a gaming services provider, has renewed its agreements to supply, set up and manage a minimum of 120 slot machines and multi-terminal machine units at the Grandview Casino and the Casa Real Casino in Macau. 

gamingmachine

The two agreements were signed by Success Dragon’s wholly-owned subsidiary Ace Advantage Developments Ltd, and are currently awaiting regulatory approval. Initially, the company was prepared to withdraw from the EGM business in Macau due to less than satisfactory performance, and its agreements with the two casinos were set to expire at the end of April and May 2021. However, the casinos weren’t able to find a replacement for Success Dragon, so the partnership was extended.

“Despite the Original Agreements expired on 30 April 2021 and 31 May 2021 respectively, the operations of the Outsourced Business Process Management business have remained ongoing in the casinos because the manager was yet to identify new supplier(s) to replace the group,” stated the company. “It is the mutual understanding between the group and the manager that the group would continue operating the Outsourced Business Process Management business in the casinos during this interim period.”

Ace Advantage, in turn, will receive a monthly performance bonus based on a fixed percentage of net income and has the right to renew the agreements for another year. Currently, the extension was applied until June 2022. Success Dragon believes that “the financial performance of the Outsourced Business Process Management will improve under a better market condition along with the continued increase in vaccination rates and the gradual recovery of the tourism industry in Macau.”


Asia News Sponsor
Premium+ Connections
Premium

RISK

 
 
Premium

Revsharks

 
Premium

PIN-UP Partners

 
Premium

Galaxsys

 
Premium

GammaStack

 
Premium

Sport Generate

 
Premium

Digitain

 
Premium

1xBet Partners

 
Premium

Imagine Live

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...