Elixir Gaming Technologies, Inc.'s primary business is the placement of gaming machines on a revenue share model in three, four and five star resorts, hotels, and other venues across emerging gaming markets in the Asia Pacific region. Elixir Gaming has established operations in the Philippines and Cambodia, and we are exploring opportunities to expand into other markets in the region.
Since we announced our intention to focus on the deployment of gaming machines throughout Asia Pacific, we have established a strong strategic presence in our focus markets of the Philippines and Cambodia. Our customers manage established facilities in high-trafficked locations and we work closely with the venue operator throughout the planning, development and operational stages to program a gaming facility that maximizes profitability per visitor and per available square foot.
Each venue is uniquely designed and developed to address the specific demographics and market influences of the local population. We deliver value-added planning services after carefully analyzing each project and we provide a full-suite of gaming technology solutions, including market leading slot machines and systems that offer the highest potential revenue and earnings. We configure and typically manage 100% of the floor in our venues on long-term contracts of five years or more, which ensures that our interests are aligned with the facility owner or operator.
Elixir Gaming brings significant competitive advantages to its relationships with venue owners. We have an experienced management team with deep relationships across Asia and a full understanding of the regulatory, political and social issues in these markets. We are a recognized turnkey casino provider in Asia and possess the necessary Pan-Asian infrastructure and operational expertise to ensure regulatory compliance and that opening timetables are met. In addition, we have established important relationships with major U.S. regulated gaming equipment suppliers to ensure that we deliver premium gaming products to our customer’s venues. Elixir Gaming Technologies is publicly traded in the United States on the American Stock Exchange under the stock symbol “EGT”.
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