Asia Pioneer Entertainment Holdings Limited will receive 22.5 percent of the net performance of each unit on a quarterly basis. <\/p>\n\n\n\n\n\n\n\n
Macau.- Asia Pioneer Entertainment Holdings Limited (APE), one of the biggest suppliers of electronic gaming technology, has entered into an operating lease agreement with Glimex Inc. <\/p>\n\n\n\n
Under the deal, APE will lease electronic gaming equipment for use at the the company’s Palace Casino, located at JPark Island Resort in Cebu, Philippines.<\/p>\n\n\n\n
The agreement is valid for 24 months since from 31 January, with APE placing up to 62 EGE units at the JPark Palace Casino. In return, APE will receive a variable rental income equivalent to 22.5 percent of the net performance of each unit on a quarterly basis.<\/p>\n\n\n\n
“We may further expand the operating leasing business in Macau and other countries in the South East Asia in the future”, Chief Financial Officer and Executive Director at APE Holdings, Tony Chi Lun, said in a statement.<\/p>\n\n\n\n
Glimex, Inc is an international trading company based in Makati, Philippines, which also supplies EGEs from Ainsworth Game Technology Ltd and Alto Gaming.<\/p>\n\n\n\n
APE previously supplied 86 EGE units to Glimex\u2019s Palace Casino in December, 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"
Asia Pioneer Entertainment Holdings Limited will receive 22.5 percent of the net performance of each unit on a quarterly basis.<\/p>\n","protected":false},"author":2,"featured_media":2854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Asia Pioneer Entertainment Holdings Limited (APE), a prominent electronic gaming technology supplier, has entered an operating lease agreement with Glimex Inc. to deploy up to 62 Electronic Gaming Equipment (EGE) units at Palace Casino in Cebu, Philippines. Under the 24-month deal, APE will receive a variable rental income equivalent to 22.5 percent of each unit's net performance quarterly, signaling potential expansion into Macau and other Southeast Asian markets.","focusai_entities":"Asia Pioneer Entertainment Holdings Limited, APE, Glimex Inc., Tony Chi Lun, Ainsworth Game Technology Ltd, Alto Gaming","focusai_location":"Macau, Cebu, Philippines, Makati, South East Asia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.9), journalist_researcher (0.8)","focusai_suggestions":[{"label":"APE's GGR Impact?","query":"What is the projected Gross Gaming Revenue (GGR) contribution from these EGE units to APE's overall financial performance, and how does this operating lease model compare to outright sales in terms of margin and capital expenditure?"},{"label":"Southeast Asia Expansion Strategy?","query":"Beyond the Philippines, what specific regulatory compliance strategies and market entry frameworks is APE developing to execute its stated expansion into Macau and other Southeast Asian gaming verticals?"}],"footnotes":""},"categories":[160,157],"tags":[512,257,128],"class_list":["post-3586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","tag-gaming","tag-macau","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3586"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3586\/revisions"}],"predecessor-version":[{"id":3604,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3586\/revisions\/3604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2854"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}