Tangiamo and Paradise Entertainment Partner to Expand Global Gaming Reach
Highlights:
- Tangiamo distributes Paradise Entertaiment's electronic gaming portfolio in Europe
- Paradise Entertainment distributes Tangiamo's products across Asian markets
- Integration of Tangiamo's iADR technology into Paradise Entertainment's ETG and Speedwave stadium gaming platform
- Both agreements effective immediately
Gothenburg, Sweden / Hong Kong, China – 7 January 2025 – Tangiamo Touch Technology AB (publ) (“Tangiamo”) and Tech (Macau) Limited, a subsidiary of Paradise Entertainment Limited (“Paradise Entertainment, a Hong Kong Main Board listed company with stock code 1180), today announced the signing of mutual distribution agreements, marking a significant expansion in both companies' product offerings and market presence in the global gaming industry.
The distribution agreements, effective immediately, cover each company's electronic gaming machines, software systems, and platforms for land-based casinos. Under these two-year agreements, Tangiamo will bring Paradise Entertainment's innovative electronic gaming solutions operating under its trade name of brand “LT Game” to the European market, including its latest innovative products like Mori Dice and Dragon Tiger Baccarat. At the same time, Paradise Entertainment will introduce Tangiamo's MultiPLAY products and intelligent Automatic Dice Recognition (“iADR”) systems into key Asian gaming markets, including Macau and the Philippines.
The agreements expand Tangiamo's product portfolio in Europe, adding proven electronic gaming machines and systems from one of Macau's most experienced gaming technology providers, LT Game. The expanded product lines strengthen Tangiamo's position as a comprehensive gaming solutions provider offering customers access to gaming products with demonstrated success in some of the world’s most competitive gaming markets. "We are incredibly excited to partner with LT Game, a recognized leader in the Asian gaming industry. By adding LT Game's proven product lines to our portfolio, we can now offer our customers a complete range of electronic gaming solutions, increasing our revenue potential per installation. The combination of LT Game's extensive game library and strong market presence with our technological innovations creates significant value for both companies," says Chris Steele, CEO with Tangiamo.
For LT Game, the agreements provide direct access to the growing European markets through Tangiamo's sales channels and regulatory expertise. The partnership also enhances LT Game's Speedwave platform through the integration of Tangiamo's innovative iADR technology, strengthening their competitive position in both existing and new markets. "Tangiamo's innovative gaming solutions combined with LT Game’s products are an excellent fit for our Asian markets. We know what works in Macau and other leading markets in Asia through our extensive experience with Live Multi Game systems, and we see strong potential for Tangiamo's products here. At the same time, this partnership gives us valuable access to European markets through an established local player. It's a win-win solution that strengthens both companies' positions in the global gaming industry." said Eddie Au, COO of LT Game.
About Tangiamo Touch Technology AB
Tangiamo Touch Technology AB (publ) is a Swedish company headquartered in Gothenburg. The company is a leader in advanced technology for both land-based and digital gaming, including sensor technology, visual identification, and AI-driven systems for the gaming industry. Following its acquisition of Trustplay, Tangiamo has expanded into the iGaming sector, now offering a comprehensive platform for both land-based casinos and online operators. For more information, visit www.tangiamo.com. The company’s shares (TANGI) are traded on the NGM Nordic SME.
For more information, please contact:
Chris Steele, CEO
Email: chris.steele@tangiamo.com
Tel: +46 70 978 1081
About Paradise Entertainment Limited
Paradise Entertainment Limited (HKEX stock code: 1180, together with its subsidiaries collectively referred to as the Group) engages in the development, sale and leasing of electronic gaming equipment and systems, as well as the provision of casino management services in Macau. Paradise Entertainment is the inventor, patent owner and sole provider of Live Multi Game systems and dominates the electronic table game markets in Macau. The Group has also been developing slot machines. Apart from casino management business in Macau, Paradise Entertainment envisions to become a global leader in electronic gaming equipment. For more information about Paradise Entertainment, please visit our corporate website: http://www.hk1180.com.
For more information, please contact:
Eddie Au, COO of LT Game
Email: eddieau@hk1180.com
Tel: +853 2878 7317
For investor and media enquiries, please contact:
Email: Paradise.ir@hk1180.com
Tel：+852 2620 5303