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Elixir Gaming Places Machines At NagaWorld

Elixir Gaming Technologies, Inc. has announced a contract with NagaWorld Limited to place electronic gaming machines on a participation basis at NagaWorld, a five-star hotel casino resort in Cambodia. NagaWorld is the only licensed, full-service casino in Phnom Penh.

Elixir Gaming will place electronic gaming machines in a prescribed area of NagaWorld’s 14-story hotel wing and will share in the gross revenue generated by each machine. It is expected that approximately 140 EGMs will be placed and Elixir Gaming and NagaWorld will have joint control over the operation of the machines, including floor staffs and respective audit rights.

Elixir Gaming anticipates the EGMs to be in operation in time for the upcoming Chinese New Year in late January. Subject to certain milestones and agreement between the parties, the machines placed at NagaWorld may be increased to over 200 by the second quarter.

NagaWorld has 508 rooms, 176 table games, a premium meeting, incentive travel, convention, and exhibition facility, a retail shopping area, a collection of restaurants and bars, a karaoke lounge and a spa.

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