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PacificNet Inc. Will Provide Multi-Player Games to Macau Casino

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Another company, this time a much smaller one, is benefiting from the Macau casino and gambling boom that been exploding for the past year. It was recently reported that Macau is a bigger cash cow city than Las Vegas and companies like the Las Vegas Sands, Wynn, and others have gained huge stock dollars for investing there. Now a smaller company, PacificNet will be getting into on the action.

PacificNet is a Hong Kong based software company and they have just signed a contract with the Holiday Inn Macau Casino to provide multi-player electronic gaming and slot style machines.

Shares of PacificNet jumped 43 cents, almost a ten percent gain, to $4.75 in midday trading on the Nasdaq where it is traded. The stock has been trading between $4.20 and $9.08 for the past 52 weeks and today more people than ever are investing their money in the company.

"This trend is already visible," President Victor Tong said in a statement about the growth of Macau gambling. "We recognize Macau's remarkable growth potential and have opened an office in this location as a first step in entering this market."

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