Lawrence Hofirm sells technology to Tigre de Cristal casino

The Russian casino venue connected to gaming entrepreneur Lawrence Hoyarong will get additional gaming gear from the arc-linked company. An event called Tigred Crystal in Russia's Far East was officially held on Nov. 11.

Under the additional agreement, casino currency maker Dolphin Products will sell equipment worth US$198,648 to a company called Oriental Regent. The latter company owns an entire stake in a gaming project located in the Maritime Unified Entertainment Zone near Vladivostok.

In April, the Tigred Crystal venue announced it would receive a casino call worth $1.29 million from Dolphin Products.

Dolphin Products is an indirect subsidiary of Entertainment Gaming Asia Inc., a Nasdaq-listed company with approximately 64.84% of the outstanding shares held by Melco International Development Ltd, another company controlled by Mr. Ho.

In addition, Summit Ascent Holdings Ltd, a Hong Kong-listed company managed by Mr Ho, owns a 60% stake in Oriental Rent. The latter holds a full stake in G1 Entertainment LLC, which holds the gaming license for Tigre de Cristal.

Commenting on Tigred Crystal's recent casino equipment deal, Friday's filing from Summit Ascension said, "The directors... We are of the view that the terms of the additional contract are less favorable to Oriental Regents than they can be obtained from an independent third party."

Melco Crown Entertainment, which operates casinos in Macau and the Philippines, said in December last year it would buy $29 million worth of gaming equipment under a three-year deal from Dolphin Products.   온라인카지노사이트