6th Feb 2008 07:01
AsianLogic Limited06 February 2008 AsianLogic Limited ("AsianLogic" or the "Company") AsianLogic Secures Licensing Agreement with PAGCOR and Bingo Bonanza AsianLogic Limited (AIM: ALOG), the Asia-Pacific online and land-based gamingcompany, announces that it has secured a licensing agreement with PAGCOR andBingo Bonanza that extends its presence into its core Asian Pacific marketplace. Gamebuilders Inc, a wholly owned subsidiary of AsianLogic, has agreed to licensebespoke online casino software to PAGCOR (Philippine Amusement and GamingCorporation). The agreement allows Philweb, the service provider to PAGCOR, tooperate the casino platform ultimately provided by Playtech, the internationaldesigner, developer and licensor of software to the online and land-based gamingindustry. AsianLogic acts as a distributor/reseller for Playtech in theAsia-Pacific region and as part of these activities it also assists withbusiness development, product customisation and localisation for Asian markets. Additionally, Philweb has recently concluded an agreement with Bingo Bonanzawhere Playtech software is to be released in Internet casino stations (ICS)operated by Bingo Bonanza. Bingo Bonanza is the leading bingo hall operator inthe Philippines with some 36 halls currently open and a further 4 to 6 bingohalls and bingo boutiques forecast to open in 2008. Under the terms of the agreement Gamebuilders Inc will provide hosting and arange of support and marketing services to Philweb and Bingo Bonanza alongsidelocal software support. The software has been customised to PAGCOR's specificrequirements to enable it to provide the highest level of service to itscustomer base. Philweb is the sole provider of ecasino services to PAGCOR and operates 80ecasino enabled internet outlets in the Philippines. Commenting on the agreement, Tom Hall, AsianLogic's Executive Vice Chairmansaid: "Following our successful IPO this agreement is further evidence of our strategyto grow our customer reach and appeal and reflects the strength of AsianLogic'smarket leading presence in the Asia-Pacific region. The agreement with Philwebwill provide additional opportunities to expand penetration of the AsianLogicbrand and products into one of the fastest growing markets for online and serverbased gaming." Dennis Valdes, president of Philweb said: "Philweb are the leading interactive gaming supplier in the Philippines and weare delighted to be able to offer world leading software to the Philippinesmarket in conjunction with Bingo Bonanza. The product extends the gamingoffering that both ourselves and Bingo Bonanza have and further cementsPhilweb's position as a technical innovator in the Philippines. The softwarehas been customized to our specific requirements so that we can provide thehighest level of service to PAGCOR." - ends - For further information contact: Tom Hall, Executive Vice ChairmanAsianLogicc/o Bell Pottinger Corporate & Financial+ 44 207 861 3232 Tim MickleyCollins Stewart+44 207 523 8350 David Rydell/Chris Hamilton/Helen TarbetBell Pottinger Corporate & Financial + 44 207 861 3232 NOTES TO EDITORS AsianLogic is a leading online and land-based gaming company focusing on the Asia-Pacific markets. The Company owns and operates eight online casino brandsand two online poker rooms as well as land-based sportsbook operations through its MegaSportsWorld brand. It is a specialist in Asia-specific games such as Mahjong, Cho-Da-Di, Do-Di-Zhu and 13 Card Poker. The Company also maintains a corporate advisory team specialising in the gamingsector which is an active investor in gaming -related businesses as well as providing consultancy and analytical services. AsianLogic enjoys strong commercial relationships with leading gaming providers including Playtech, ID Games and LVS. Founded as ESL in 2002, AsianLogic employs over 300 employees, the majority of whom are based in the Philippines. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Playtech