Casino slot supplier Velvix Corp says it has signed a cooperation agreement with LaVie Resort & Casino Manila in the Philippines, with an initial deployment of 16 electronic gaming machines (EGMs) at the property.
Under the agreement announced on Monday, Velvix will supply 16 of its CurlX slot machines featuring jackpot functions, as well as providing associated signage, backend system support, installation, training, maintenance, and technical assistance.
Velvix described the agreement as an important step in its continued expansion in the Philippine gaming market.
“The Philippines is an exciting and important market for Velvix, and this agreement with LaVie Resort & Casino Manila represents a meaningful opportunity for us to introduce our CurlX platform, game content and support capabilities to local players and operators,” said Stanley Ku, chief executive of Velvix, in a statement.
LaVie Resort, long known as New Coast Hotel Manila, is run by Hong Kong-listed International Entertainment Corp.
In early June, Philippine online gaming operator DigiPlus Interactive Corp completed a second subscription to convertible notes in International Entertainment. If fully converted, DigiPlus would hold a 53.89-percent stake in International Entertainment.
Stephen Tham, vice president for slot operations at LaVie Resort & Casino Manila, said the venue had “strong expectations” for the partnership.
He stated that Velvix’s slot machines had demonstrated “strong and consistent performance” against the casino’s operating benchmarks, adding that the supplier’s game content and hardware quality would strengthen the property’s gaming portfolio and enhance the player experience.
Velvix was founded in 2019 as part of the rebranding of the XSGroup’s electronic gaming machine division. With offices in Asia and the U.S., Velvix describes itself as a developer of EGM cabinets and software for the Asia-Pacific region and North American markets.
In Monday’s release, Velvix said the installation at LaVie Resort would further strengthen its presence in the Philippines as it continues expanding its casino gaming portfolio across Asia and other international markets.
