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PacificNet receives more Macau orders

BEIJING, China – (PRESS RELEASE) -- PacificNet Inc. (Nasdaq: PACT), a leading provider of Customer Relationship Management (CRM), mobile internet, e-commerce and gaming technology in China, announced today that its PacificNet Games Limited (PacGames) subsidiary has received orders from two more casinos in Macau, China for multi-player Electronic Gaming Machines (EGM). Terms of the orders were not disclosed for competitive reasons.

"We are delighted to receive two more Electronic Gaming Machine orders from casinos in Macau," said Tony Tong, Chairman and CEO of PacificNet. "Although we cannot divulge the specifics on these sales due to the highly competitive current market in Macau, we do want to convey our rapid progress in the Macau gaming market to our shareholders and the gaming world. Initial sales and acceptance of installed units are showing that our machines are right for the Macau market and we are happy to see that our multiplayer EGM installation base is seeing steady growth in Asia."

According to recent Reuters reports, multiplayer gaming machines have proven to be very popular in Macau. The trend is away from traditional, individual terminal games towards multi-player, shared experience games. Electronic adaptations of popular table games are proving exceptionally popular, both by players and casino operators. Players enjoy a private betting terminal over a crowded table while casino operators enjoy greater accuracy, dealing speed, and cost savings of not having a human dealer.

"A powerful and developing trend over the next two years will be the movement toward multi-station, communal play gaming devices," said Merrill Lynch analyst David Anders in a note quoted by Reuters.

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