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LEISURE Resorts World Corp. (LRWC), the country’s largest Bingo
game operator, announced on Tuesday that state-run Philippine
Amusement and Gaming Corp. (Pagcor) has approved a new electronic
game for Bingo Bonanza.
In a disclosure, LRWC said the new game dubbed
as Dingo Thunder Series (DTS) would have a 90-day trial period and
subject to the approved terms and conditions governing the operation
of existing games. The electronic bingo game variant would be under
AB Leisure Exponents Inc. (ABLE), a wholly owned unit of LRWC and
operator of Bingo Bonanza in shopping malls.
The company also claimed that the new game
offers added flexibility in a more secure environment and is a
server-based system so Bingo Bonanza can change the game
configuration according to the demands of its players even on a
daily basis.
According to the gaming firm, Pagcor would
evaluate certain processes and may suggest changes during the trial
period. If there are changes, ABLE should adopt these for the
continued rollout and adoption of the machines.
Since there is usually a gestation period of
about six to nine months before the machines are fully deployed in
all the branches and gain acceptance from the playing public, LRWC
has yet to determine the revenues it can derive from the new game,
Freddie B. Reyes, LRWC investor relations officer, told The Manila
Times.
For this new venture, LRWC has a sharing
agreement with the manufacturer, which will shoulder all the costs.
At present, ABLE has 18-percent share of the
profits from the game, while 22 percent goes to the manufacturer and
the balance to the government through Pagcor.
Reyes said ABLE has 1,260 machines for Dingo all
over the country and will replace some of these with new ones as the
company aims to deploy about 1,500 machines to 36 Bingo sites
nationwide.
-- Likha C. Cuevas-Miel
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