Synectics Systems signs ‘multi-million pound’ contract with local casino

Surveillance technology company Synectics Systems has announced a ‘multi-million pound’ contract signed with a major gaming operator in Macau that has boosted the share of the company at the London Stock Exchange by more than 10 per cent.
The contract signed by Synectics Systems (Macau) Limited is to provide ‘an integrated surveillance solution for a new casino resort in Macau’. However, it did not announce the other party to the agreement or the casino in which it will be installed. However, it revealed that it is a casino that is ‘currently under construction’.
‘Synectics now supports over 100 gaming properties around the world. Our extensive US experience in the sector has enabled us to demonstrate two key attributes to the Asia Pacific market, which are quality and reliability”, said Paul Webb, Chief Executive of the company.
“From that base we’ve built a reputation that is going from strength to strength and this major new contract confirms that our solutions are the preferred choice of some of the region’s premier gaming operators”, he added.
According to the information released by the company, the contract is expected to begin in the next few months and be for the most part completed by the end of the financial year.
The contract was announced on Thursday morning (UK time) in a filing with the London Stock Exchange. At the end of that day’s session the shares of the company closed up 10.87 per cent at GBP127.5 (MOP1460.4) each.
The UK-based company opened an office last year in Macau as part of its strategy to tackle the Asia Pacific market.
“Our new Macau office will play a crucial role in our continued growth strategy by boosting our ability to offer technical support at a local level. The investment demonstrates our commitment to existing customers and to the Asia Pacific market as a whole”, the Chief Executive of Synectics Systems said at the time.