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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Asianlogic | LSE:ALOG | London | Ordinary Share | VGG4265J1030 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 24.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
rRNS Number:3720N AsianLogic Limited 06 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 gaming company, announces that it has secured a licensing agreement with PAGCOR and Bingo Bonanza that extends its presence into its core Asian Pacific market place. Gamebuilders Inc, a wholly owned subsidiary of AsianLogic, has agreed to license bespoke online casino software to PAGCOR (Philippine Amusement and Gaming Corporation). The agreement allows Philweb, the service provider to PAGCOR, to operate the casino platform ultimately provided by Playtech, the international designer, developer and licensor of software to the online and land-based gaming industry. AsianLogic acts as a distributor/reseller for Playtech in the Asia-Pacific region and as part of these activities it also assists with business development, product customisation and localisation for Asian markets. Additionally, Philweb has recently concluded an agreement with Bingo Bonanza where Playtech software is to be released in Internet casino stations (ICS) operated by Bingo Bonanza. Bingo Bonanza is the leading bingo hall operator in the Philippines with some 36 halls currently open and a further 4 to 6 bingo halls and bingo boutiques forecast to open in 2008. Under the terms of the agreement Gamebuilders Inc will provide hosting and a range of support and marketing services to Philweb and Bingo Bonanza alongside local software support. The software has been customised to PAGCOR's specific requirements to enable it to provide the highest level of service to its customer base. Philweb is the sole provider of ecasino services to PAGCOR and operates 80 ecasino enabled internet outlets in the Philippines. Commenting on the agreement, Tom Hall, AsianLogic's Executive Vice Chairman said: "Following our successful IPO this agreement is further evidence of our strategy to grow our customer reach and appeal and reflects the strength of AsianLogic's market leading presence in the Asia-Pacific region. The agreement with Philweb will provide additional opportunities to expand penetration of the AsianLogic brand and products into one of the fastest growing markets for online and server based gaming." Dennis Valdes, president of Philweb said: "Philweb are the leading interactive gaming supplier in the Philippines and we are delighted to be able to offer world leading software to the Philippines market in conjunction with Bingo Bonanza. The product extends the gaming offering that both ourselves and Bingo Bonanza have and further cements Philweb's position as a technical innovator in the Philippines. The software has been customized to our specific requirements so that we can provide the highest level of service to PAGCOR." - ends - For further information contact: Tom Hall, Executive Vice Chairman AsianLogic c/o Bell Pottinger Corporate & Financial + 44 207 861 3232 Tim Mickley Collins Stewart +44 207 523 8350 David Rydell/Chris Hamilton/Helen Tarbet Bell 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 brands and 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 gaming sector 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 Exchange END AGRMGGGZNKLGRZM
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