Electronic distributor of casino games Asia Pioneer Entertainment Ltd (APE) announced plans to expand its business in the Asia-Pacific region and continue to service its domestic market in Macau. This was reported by Allen Hu, chairman and CEO of APE.
Asia Pioneer Entertainment Ltd expands to Philippines and Vietnam
Factors contributing to this expansion include the growth of the casino sector in Vietnam and the Philippines and the growing trend of outsourcing technical support to Macau casinos.
As for the prospects beyond Macao, Hu explained:
“We are increasing our sales, expanding our staff and supply in the Philippines and Vietnam. Entering these markets in the next couple of years will provide us with significant growth. We work as an exclusive distributor, mainly for OEMs such as Aristocrat [Leisure Ltd] and Scientific Games [Corp], which usually have their own sales and distribution offices. ”
Recall: according to the company Morgan Stanley Asia Ltd, the number of tourists who visited Macau in May, increased, but the level of gross gaming profit (GGR) fell more than 2 times compared with April.