he VLTs will be linked to a central system to enable the governments to have complete transparency, audit and compliance access and the technology to ensure that the games and project are in the public interests. CAGE will commence its 2-year rollout of the 4,000 VLTs in the three countries during the first quarter 2008.
Robert B. Washington, Co-Founder, Chairman & CEO of CAGE stated, "this long term management agreement to design, install and operate up to 4,000 VLTs in these new markets is an integral step towards fulfilling our strategy of a significant presence throughout the Caribbean and Latin America."
Bob Johnson, Chairman of The RLJ Companies and Co-Founder of CAGE stated: "we are pleased to enter into a business relationship with Supreme Gaming LP, the licensee for these countries. Our ability to drive returns is good for the people and governments of Guatemala, Nicaragua and Jamaica as well as for Supreme Gaming and CAGE."
Rafael De la Cruz, CEO of Supreme Gaming said: "Supreme Gaming looks forward to a long and successful relationship with CAGE in the operation of video lottery games in Guatemala, Nicaragua and Jamaica, which Supreme Gaming is convinced will contribute to the benefit of both the people and governments of these countries."
CAGE currently operates VLTs in the Turks and Caicos Islands and St. Kitts. CAGE anticipates beginning operations in Barbados by the 4th quarter of 2007. CAGE, headquartered in Puerto Rico, is well positioned to take advantage of the VLT market in the Caribbean and Latin America to generate superior returns.