Macau Business Daily – Japanese pachinko hall operator Dynam Japan Holdings Co Ltd is still waiting for the government here to approve an application to operate ‘next generation pachinko machines’.
The plan, according to Dynam’s chairman Yogi Sato, who was quoted by Hong Kong financial wires and media, is to place up to 100 of these new machines in a new hotel that is scheduled to open in September. While Mr. Sato did not name the property to open in September, Dynam said previously that it belongs to Macau Legend Development Ltd. The group’s Prague Harbourview hotel in Fisherman’s Wharf is their only property slated to commence operations in the third quarter of this year.
Mr. Sato said, however, that should his company not gain approval from the Macau Government, he would “halt” the plan. Dynam last month entered into a six-month extension agreement of its memorandum of understanding with I Got Games Inc (IGG) Singapore.
According to a company filing with the Hong Kong Stock Exchange, the MOU amendment and extension expires November 25, 2014. In the filing, Dynam Japan declares it has finished making a prototype of the next generation pachinko machines.
‘The company is now in discussions with, and is undergoing preparation for making an application for the approval of the Gaming Inspection and Coordination Bureau of Macau [DICJ] and other competent authorities,” the filing reads.
Last October, Dynam Japan announced it would invest US$15 million (119.8 million patacas) in the Singapore-based online games provider IGG to help it develop software for ‘next generation pachinko machines’ to be operated in Macau.