Asian cruise ship operator, Genting Hong Kong Limited, has allegedly announced the signing of a deal that is scheduled to see it last purchasing electronic gaming machines and related equipment from FreeStyle Gaming Private Limited.
Extensive portfolio:
According to a report from GGRAsia, Genting Hong Kong Limited was formerly known as Star Cruises Limited and is responsible for its Crystal Cruises, Dream Cruises and Star Cruises brands. The firm also partnered with Manila-established Alliance Global Group Incorporated in 2013 to launch Travellers International Hotel Group Incorporated, which functions the Resorts World Manila incorporated casino complex in the Philippines.
Provision of ‘electronic games’:
Genting reportedly claimed that the renewal with FreeStyle Gaming Private Limited is in preserving its various diversification strategies and can be set to encompass a wide assortment of ‘electronic games. ’ The Hong Kong-headquartered operator purportedly detailed the agreement will moreover let it ‘decrease labour ’ and ‘broaden the target age range’ of its patrons in order to ‘keep the validity ’ of its own cruise ship solutions.
Three-year alliance:
GGRAsia reported the new agreement is due to run until the conclusion of 2021 and involve Genting paying FreeStyle Gaming Private Limited a max of $7 million for its machines and equipment. The deal furthermore purportedly includes a provision which will observe the cruise boat operator hand over a supreme of $1 million in 2019 alongside no more than $3 million for each of the subsequent years.
Genting Hong Kong Limited, which is a subsidiary of casino giantGenting Malaysia Berhad, allegedly announced that it had established the alliance’s yearly maximum payment amounts after taking projected purchase volumes into consideration. It reportedly said that the deal had additionally let it set ‘a sensible buffer’ which will permit it ‘to appeal for almost any sudden gain in the amount of buys ’ arising from related swells in the number of passengers and vacationers.
Close relations:
For its part, Singapore-established FreeStyle Gaming Private Limited is a subsidiary of Resorts World Incorporated Private Limited, which is itself collectively regulated by Genting Malaysia Berhad and the online casino company ’s Chairman and Chief Executive Officer, 67-year-old Lim Kok Thay.