Racino Royale Enters Peru Slots Market - 04-15-08

April 15- The gambling market in Peru will soon receive a boost with the supply of several hundred new slot machines, thanks to a lucrative deal signed between the local gaming company, Mixtel and InterAmerican Gaming corp, a wholly-owned subsidiary of Racino Royale.

Mixtel owns a license to import machines to the Peruvian slots market and a deal with this company will give InterAmerican an excellent foothold into the local gambling industry.

Focusing primarily on the Latin American market, InterAmerican is a private casino management company and will bring a wealth of experience to the Peruvian slots industry. Under the terms of the new agreement, InterAmerican will supply Mixtel with one hundred slot machines, with another one hundred in the pipeline should their be a demand.

Mixtel, on the other hand, will be responsible for operating the machines under strict Peruvian slots regulations.

John G. Simmonds, President and CEO of Casino Royale said about the new deal: "This is a significant step forward in our Latin American gaming strategy. In January we announced our acquisition of InterAmerican, noting several exciting opportunities in this market. This agreement with Mixtel is hopefully the first among many - their experience and position in the market make them an ideal gaming partner for us in Latin American."

Mixtel will have the slot machines placed in licensed casinos across the country. InterAmerican will receive a certain percentage of all revenue received on each slot machine and will offer a bonus to Mixtel based on the overall performance of the slots program. As such, it is in Mixtel's best interest to have the machines placed in strategic positions to increase their revenues.