Listing can boost Winning Asia access to capital, grow gaming tech biz: CEO Alice Tang
The proposed Canadian listing for assets of Winning Asia Technology Macau Ltd via a reverse takeover, can boost the business’s access to capital, build global partnerships, and help develop its gaming technology product portfolio. That is according to Winning Asia’s chief executive Alice Tang (pict…
The proposed Canadian listing for assets of Winning Asia Technology Macau Ltd via a reverse takeover, can boost the business’s access to capital, build global partnerships, and help develop its gaming technology product portfolio. That is according to Winning Asia’s chief executive Alice Tang (pictured in a file photo) in comments to GGRAsia. The Macau-based company has nearly two decades of experience in supplying casino games and systems in Asia. She stated: “For Winning Asia Technology, the proposed transaction is an important step towards bringing more Macau-developed technology to international markets. “We see a public listing not as the end goal, but as a platform to broaden our access to capital, strengthen our international visibility and support the continued development and commercialisation of our technologies.” Winning Asia promotes its its own gaming products and slot management systems under the “AGT” brand. It also distributes products from other manufacturers. In addition to the gaming equipment business, the company has been tapping artificial intelligence (AI)-driven robotic security systems as a new business segment, supporting management of casino resorts. Ms Tang said: “We have built our business around understanding the practical needs of gaming operators. Our ambition is to build on that foundation, expand our international partnerships and grow our gaming technology and automation businesses.” The Winning Asia CEO added, referring to the reverse-takeover plan: “The proposed listing [in Canada] would support that next stage of development, while our priority remains delivering reliable products and long-term value to customers.” In a recent announcement, Canadian Securities Exchange-listed Digicann Ventures Inc said it had signed a binding share exchange agreement with the Macau company that would constitute a reverse takeover transaction. The proposed transaction is subject to consent from Digicann’s shareholders, and the approval of the Canadian bourse. The deal would result in the Canadian company’s corporate name being changed to “Auronexa Technologies Inc”.