Elixir delivers machines to Philippines

21 August 2007

AS VEGAS, Nevada -- (PRESS RELEASE) -- VendingData Corporation (AMEX:VNX) announced today that Elixir Group Limited ("Elixir") has delivered agreements for, and placed, a total of 374 slot machines on a recurring revenue model at two venues in the Philippines. The placements at the Casablanca casino located in Clark and Premier VIP slot club located in Manila represent the first agreements for electronic gaming machines placed on participation directly entered into by VendingData pursuant to the Stock Purchase and Product Participation Agreement between Elixir and VendingData entered into in June.

All of the electronic gaming machines are operational and contributing revenue to VendingData at this time. VendingData will receive at least 20% of the electronic gaming machines' net daily win per machine. VendingData has 100% of the electronic gaming machine floor in both venues. Pursuant to the "earn-in" provision of the Stock Purchase and Product Participation Agreement between the companies, and subject to shareholder approval, VendingData will issue 25 million shares of its common stock to Elixir at the time the first 1,000 slot machines are placed in the Asia-Pacific market. (see additional information below)

Gordon Yuen, CEO of Elixir, commented, "Elixir is making excellent progress in securing contracts to place slot machines in Asian markets on participation on behalf of VendingData. The first agreements have been secured for VendingData in the Philippines which we believe will rapidly grow into a significant Asian gaming market. Elixir is now seeking to leverage its Pan-Asian distribution capabilities and partnership network to secure contracts in other Asian countries."

Mark Newburg, President & CEO of VendingData Corporation, added, "Our partnership with Elixir to address the gaming needs of the Asia-Pacific marketplace is expected to lead to significant opportunities for growth. We are pleased to be moving forward with them on the placements of electronic gaming machines on a high-margin recurring revenue business model."


Related Links
Elixir Technologies Gaming Vendor Information
Philippines Gambling

Featured Vendors
Oklahoma Indian Gaming Association (OIGA) Conference
New Level Radio
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: Aug 14-16, 2023 in Tulsa!
New Level Radio
Your Casino. Your Music. Your Message.
Broadband Hospitality
Slot Machines Unlimited
Broadband Hospitality
Improve these critical guest-facing amenities: In-room TV, Wi-Fi, Mobile App. Priced right. All here
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Global Gaming Expo (G2E)
Casino Schedule Ease
Global Gaming Expo (G2E)
The largest gathering of global, commercial and tribal gaming professionals in North America.
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Imagine This
Casino City Press
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Rymax Marketing Services, Inc.
.Dot-iGaming.com
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
.Dot-iGaming.com
Fully loaded advanced casino platform. One time (low) fee, 100% your property, start now!
Betson Imperial Parts & Service
AmericanChecked
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
TOP ONE TECH LIMITED
Casino Network
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Sunkist Graphics, Inc.
Talisman Group Creators of EZ Baccarat
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.


Your Guide to 15,289 Gaming Industry Suppliers