VendingData(TM)
Corporation (Amex: VNX), announced today that it has received a purchase
order from one of its international distributors, TCSJohn Huxley, for ten
Deck Checkers(TM) to be installed in the Kangwon Land Casino in Kangwon
Province, Korea and the Seven Luck Casino in Seoul. This order represents
VendingData(TM)'s first sale into Korea. TCS has requested delivery and
installation by June 30, 2006.
The 1969 ban against
gambling in South Korea ended in October, 2000
with the opening of the first casino for Koreans in the remote town within
Kangwon Province. Kangwon Land -- a Korean version of America's Las Vegas
-- is made up of hotels, casinos, theme parks, and other service
facilities. Its casino is equipped with 960 slot machines, 132 table games,
and 477 guestrooms. Since its opening, over 5 million people -- both Korean
and foreign nationals -- have visited the casino. Kangwon Land is the only
casino in the nation, where Korean nationals are permitted entry. By law,
only one casino in South Korea admits local citizens, with the remaining 13
open only to foreigners. The largest casino in South Korea with gaming
space of over 2,600 sq. meters and approximately 80 gaming tables is
currently the recently opened foreigner-only Seven Luck Casino in Seoul.
"These orders represent our first sale into Korea, the second
largest gambling market in Asia, with annual revenues estimated at $956 million.
Korean tourism and gaming industry is growing rapidly fueled by Chinese
vacation travel. Entering the market through both the most established as
well as the largest and
newest casino in Korea validates our product line
credibility in this market," commente
2006-06-14