Elixir Gaming Technologies Inc. (EGT)

Posted: Tue Dec 16, 2008 5:27 pm

Trading on the American Stock Exchange (AMEX), Elixir Gaming Technologies Inc. provides turnkey gaming solutions to venue owners. They work with their major shareholder Elixir International who is part of the Melco Group. Elixir Gaming's main business is the placement of gaming machines on a revenue share model in three, four and five star resorts, hotels, cruise ships, and other venues across emerging gaming markets in the Asia Pacific region. The Company has offices in Macau, Las Vegas, Hong Kong, Manila, and Cambodia.

Elixir Gaming has established operations in the Philippines, Cambodia, and Vietnam. They are building a stronger gaming presence via contracts for more than 5,500 electronic gaming machines for placing across more than 30 venues in the near future. The Company focuses their efforts on Asia as revenue from casinos and other regulated gambling activities in Asia is forecast to grow 14 percent a year to 2010.

Elixir collaborates with venue operators throughout planning, development, and operational stages to implement a gaming facility that maximizes profitability per visitor and per available square foot. Elixir Gaming Technologies Inc. retains ownership of their gaming machines and systems. They receive recurring daily fees that average in excess of 20 percent of the net gaming win per machine, as well as provide on-site maintenance.