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Elixir Places Games in Cambodia

Slot supplier Elixir Gaming Technologies announced an agreement with NagaWorld, a subsidiary of Hong Kong-listed NagaCorp, under which it will place an additional 200 electronic gaming machines on a participation basis at NagaCorp’s NagaWorld casino resort in Cambodia.

The deal also amends an earlier agreement to increase the overall average revenue share to Elixir Gaming to 25 percent and extend the duration of the contract.

Elixir currently operates 440 gaming machine seats at NagaWorld, which achieved average win-per-unit per day of over US$200 for in November and December.

Clarence Chung, chairman and CEO of Elixir, said the company is pleased to expand its slot floor operations with NagaWorld. “With these additional units, Elixir Gaming will have gaming machines installed covering most of the currently available prime ground floor space at NagaWorld,” he said. “Given NagaWorld’s position as the exclusive casino license holder in the Phnom Penh area and our demonstrated success with our current slot operations at NagaWorld, we feel confident that we can continue to drive strong growth in participation revenue and cash flow with these additional placements.”