Scientific Games has entered into an agreement to supply gaming equipment and related services to Caribbean CAGE, a video lottery and games operator focused on the Caribbean and Latin American markets.
Caribbean CAGE, one the leading operators of video lottery and gaming terminals in the Caribbean, will upgrade its terminal management systems and gaming machines in in Barbados, St Lucia and St Kitts and Nevis in partnership with Scientific Games.
It will also move into the Guyana and Sint Maarten markets with the Scientific Games terminals and technology.
"The new central computer system and terminals will provide to CAGE a number of world-class options including a player tracking system, a library of downloadable games and a wide area progressive mystery jackpot game which will create a socially engaging experience for our players as well as substantial additional recurring revenues for the countries and people we serve," Caribbean CAGE co-founder and CEO Robert Washington said.
Caribbean CAGE is owned by RJL Companies, an asset management firm owned by Robert Louis Johnson, the first African-American billionaire in the United States.
Johnson was the creator of Black Entertainment Television (BET), which was sold to media giant Viacom for $3bn in 2000. He also became the first African-American owner of a team in one of the major American sports leagues when he acquired National Basketball Association club the Charlotte Bobcats.
"With this major agreement between Caribbean CAGE and Scientific Games, Caribbean CAGE will provide our customers with a quality gaming experience that is comparable to gaming enjoyment in the US and global venues," Johnson said of the Scientific Games partnership.
"Our video lottery and video gaming terminals will be innovative and attractive to our customers and will operate in full compliance with government laws and regulations," he explained. "But more importantly, the countries in which we operate will benefit financially from legalized gaming revenue that will increase their ability to support educational, sporting and cultural activities for their citizens."
Johnson also revealed that Caribbean CAGE plans to enter the US sports betting market through a US subsidiary, either on its own or in partnership with a US gaming operator.
"We strongly believe that states that issue sports betting gaming licenses should insist upon diversity of ownership when awarding these licenses," he said. "Minorities are significant participants in national sports leagues and enthusiastic sports fans and deserve the opportunity to be financial players in the economics of sports betting ownership as well.
"We encourage state officials, particularly minority-elected officials, to require diversity of ownership when awarding sports betting licenses to ensure that minorities are not simply betting their dollars, but betting on the right to own and operate licenses."