Leisure & Hospitality Contract Wins
Synectics wins US$3.0 million in gaming contracts: US$2.5m casino upgrade in Philippines and US$600k tribal gaming deployment in Oklahoma.
- Total contract value US$3.0 million
- Philippines casino contract US$2.5 million
- Oklahoma tribal gaming contract US$600,000
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Synectics selected to upgrade leading casino operator's surveillance system in the Philippines and secures its first tribal gaming1 contract in North America
Synectics plc (AIM: SNX), a leader in advanced security and surveillance solutions, is pleased to announce that it has been awarded two gaming contracts valued, in aggregate, at approximately US$3.0 million.
The first contract, valued at US$2.5 million, has been secured with a world-class integrated casino resort located in Entertainment City, Manila ("the Customer") - an existing customer since 2016. Synectics will upgrade its proprietary Synergy software and deliver a major refresh of the existing video surveillance infrastructure. The work will involve upgrading critical components of the Customer's surveillance system, enhancing its performance, scalability, and long-term resilience. The majority of this contract is expected to be delivered in the Company's current financial year.
Synectics also announces its first contract with a tribal gaming1 property in Oklahoma, North America. The contract, valued at US$600,000, will see Synectics deploy its Synergy software across the property. The solution also includes Synergy's suite of AI-tools to deliver real-time monitoring, detection and alerts. This contract supports Synectics' strategic growth objectives of expanding its presence in the tribal gaming1 sector.
Amanda Larnder, Synectics' Chief Executive Officer and Chief Financial Officer, commented:
"We are pleased to secure these contract wins in both Asia and North America. The upgrade at a world-class resort in Manila reflects the strength of our long-term customer relationships and the ongoing investment by major operators in Synergy's mission-critical solutions. Whilst the tribal gaming1 contract in Oklahoma marks both an important entry into a new market and an early deployment of Synergy's new AI tools.
"These orders further underpin the Group's revenue in the current financial year."
1Tribal gaming refers to casinos located on reservation land.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.