InterAmerican Installs Slots In Peru

Published: February 26, 2009 04:17 pm EST

InterAmerican Gaming, Inc., formerly known as Racino Royale, today announced that its wholly-owned subsidiary IAG Peru S.A.C. will be installing 80 slot machines at Fantasy Club Del Peru SA ('Fantasy') locations throughout

the country of Peru.

Fantasy is a significant casino operator in Peru operating under various brands: "Texas Station" in Lima, "Solid Gold" in Chiclayo, Chincha and Trujillo, "Monos Dorados" in Huacho and Zarate, and "Slot City" in Chiclayo. IAG Peru will be placing 80 slot machines in four Fantasy locations in the cities of Chiclayo, Huacho, Huaral and Chincha. The company reports that 24 machines have already been installed in Chiclayo, with the balance anticipated over the next month.

"We are looking forward to working with the Fantasy Casino Group," said Julio Calmet, managing director of IAG Peru. "We have been working hard on securing installation orders since we received our license, and this is another significant step."

In March 2008, IAG Peru received licensing approval from the Peruvian Ministry of Foreign Trade and Tourism to operate a gaming enterprise in that country.

"We engaged Julio Calmet to identify just this type of opportunity," said John Simmonds, president and CEO of IAG. "He is a highly respected executive in Peru with abundant experience in gaming operations. IAG Peru is fortunate to be able to benefit from his participation. Bigger picture, IAG continues to look for casino opportunities to expand our footprint in Peru, and our goal is to assist local operators with our knowledge of North American casino operations."

In 2006, Racino Royale planned and took the steps to purchase Tartan Downs in Nova Scotia and Big Valley Raceway in Saskatchewan in order to get a racino up and running.

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