Supplier News
Vietnam – Success Dragon to manage slots at two Vietnamese hotels
By Phil - 11 December 2015
Success Dragon International has entered into two agreements to provide gaming management services to two five-star hotels in Vietnam; Le Meridien Hotel in Ho Chi Minh City and One Opera Hotel in Danang.
In the case of the Le Meridien Hotel it has entered into an agreement with Tien Phuoc and 990 Company Limited, the owners, to establish and operate an electronic gaming machine club for at least 10 years. Success Dragon will invest in, manage and operate the electronic gaming machine club.
It has also signed a deal with Cong Ty Co Phan Thuong Mai Va Xay Dung Hong Lam, the owner of One Opera Hotel, to manage the services of prize-winning games in the electronic gaming machine club in One Opera Hotel for an initial term of 10 years and subject to the extension of term for another 10 years.
The Group will receive a monthly management fee of four per cent of the total gross revenue. It is currently managing 800 slot units in Macau. It sees Vietnam as being the first country for its international expansion of outsourced electronic gaming machine management business.
Carlos Luis Salas Porras, Chairman of Success Dragon, said: “Currently the outsourced services of electronic gaming machines management business of Success Dragon has been carried out in Macau. Considering the economic growth in Vietnam driven by the industrial and service sectors, it is expected that there will be more foreign visitors to Vietnam leading to a potential growth for the electronic gaming industry. Following the entering into of the two agreements, the Group will be expanding its outsourced electronic gaming machine management business internationally and enter into a growing market. It will broaden the Group’s revenue source of this business sector and reinforce our expansion plans.”
