Casino game maker Paradise Entertainment is looking to the Southeast Asian market for deployment of LT gaming brand slot machine products, the company's co-chairman and managing director Jay Chun told GGRAsia.
The Philippines has been a "number one" market in Asia for slot suppliers, though it noted that it "currently has more than 23,000 slot machines." Its special target is a large private sector gaming resort in the entertainment city of Manila, the capital of the Philippines.
LT Game Ltd units are generally known for their live multi-game electronic table gaming technology, which offers a traditional atmosphere of table gaming in partnership with live dealers, though with a lower minimum bet amount. However, the brand also offers slot games and cabinets – the latter being developed by a Japan-based unit, including dual-window LTS1, curved monitor J Curve, and RGX1000. Slot product offerings are aimed at Macau and North America, as well as Southeast Asia.
The group is also pioneering the Vietnamese market. There, casino business performance is "not as strong as in the Philippines," Chen said, but it is nevertheless "one of the markets we are targeting."
Malaysia is also of interest. Resort World Genting, Malaysia's only casino complex, nonetheless has plenty of slot stocks, Emily Io, senior vice president of sales at LT Games, said in a speech to GGRAsia.
Before the COVID-19 pandemic, LTE Game began deploying its own slot products in markets including North America. "A global health alert has disrupted this process, resulting in the layoffs of LTE Game employees in North America," the former president noted.
"But now, as the market recovers, we can restore our sales and deployment efforts," he added.
A recurring concern for game console suppliers in the Macau market is the local government setting a cap of 12,000 on the number of such products available to six game concession operators at a time, Chun told GGRAsia.
"I hope they (the government) will review the topic and allow more machinery in the market," he said.
He suggested that the policy is at odds with the government's desire to diversify Macau's gaming services and make the market attractive to foreign customers."…Foreign customers like slot products. This means we should be allowed to allocate more," Chun said.
"Even if it's less profitable than traditional baccarat games, we should allow foreign customers to install more of their favorite types of games," he added.
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