ASIAN LOGIC CLINCHES MAJOR LAND GAMBLING DEAL

29 February 2008

Cooperation agreement signed between Asian companies on land console gaming


A major cooperation deal in the gaming machine and server based gaming sector was signed this week by Elixir Gaming Technologies, Inc. and fast growing London-listed AsianLogic plc. The deal will result in an Asia-wide cooperation that involves marketing efforts, distribution agreements, game content, gaming software, server based gaming experience, manufacturing and additional gaming technology.

Elixir Gaming's principle focus is placing [land] gaming machines on a revenue share basis in Asia and has a strong presence in the Philippines, Cambodia, Vietnam and other Asian markets. The company currently generates revenues from approximately 1 200 gaming machines placed on participation around the Asia-Pacific region and has a rapidly growing pipeline of gaming machines that currently stands at over 4 500 gaming machines destined for participation agreements in several Asian countries.

Between them, the two companies can claim a significant physical presence in Macau and the Philippines, whilst Elixir Gaming has expanded its physical presence into Cambodia and Vietnam.

AsianLogic, a close associate of the Playtech plc gambling software development group, operates online casinos and peer-to-peer (P2P) game platforms across the Asia-Pacific Region. In addition, it operates land-based sports betting outlets in the Philippines and distributes quality gaming content, software and systems.

Elixir Gaming's Executive Chairman and CEO, Gordon Yuen, commented, "We are pleased to partner with AsianLogic, giving us access to additional games, gaming software, server based gaming experience and some unique offerings which we believe will enhance net win at our existing and future outlets as well as further strengthen our leading strategic position in Asia.

"We recognize that AsianLogic, in conjunction with its software providers such as Playtech and Videobet, understands the importance of cross marketing, database mining and gaming across multiple platforms such as land-based, online and mobile. We are confident that through combining the two strengths of the organizations we will continue to offer the leading and optimal revenue generating products to gaming venue operators across the Asia-Pacific region."

Tom Hall, AsianLogic's Vice Chairman, added, "The explosive growth of the slot market industry in Asia makes for compelling logic for us to formally partner with Elixir Gaming. The senior management of Elixir Gaming has many years of experience in the Asian gaming industry and the Elixir Group is widely recognized in the gaming industry in Asia for its industry leadership and distribution capabilities.

"Further, Elixir International, a strategic partner of Elixir Gaming, has a research and development team that has developed and manufactured what in our opinion is the best slot machine cabinet currently available. It has been designed to support both the traditional slot machine model as well as the developing server based gaming models.

"While we fully understand the gaming software and games content industries and represent some of the leading products in Asia, we were struggling somewhat on the physical machine development and ongoing support. By entering into this co-operation agreement with Elixir Gaming, we can delegate this critical side of the business to the Elixir Group and focus on rolling out games and gaming concepts utilizing both of our distribution channels."

Elixir Gaming Technologies Inc. is a member of Elixir Group, an innovator of gaming technology solutions and a wholly owned subsidiary of Melco International Development Limited. Elixir Gaming's strategic partner, Elixir International provides comprehensive turn-key solutions to 3, 4 and 5 star hotels, cruise ships and other well-located venues throughout Asia that seek to offer casino gaming products.

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