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

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."

   Previous Page | Internet Gambling | Top Online Casinos | Submit News!

Slot Operators in Austin, Texas Have Businesses Raided
Sun Cruise To Expand South Florida Operation
Pennsylvania Casinos To Compete With Surrounding State Casinos
Florida Governor Faced With Difficult Decisions On Gaming
Gambling High Season Unofficially Begins On Thanksgiving Day