Synectics plc announced that it has been awarded two gaming contracts valued, in aggregate, at approximately USD 3.0 million. The first contract, valued at USD 2.5 million, has been secured with a world-class integrated casino resort located in Entertainment City, Manila ("the Customer") - an existing customer since 2016. Synectics will upgrade its proprietary Synergy software and deliver a major refresh of the existing video surveillance infrastructure.
The work will involve upgrading critical components of the Customer's surveillance system, enhancing its performance, scalability, and long-term resilience. The majority of this contract is expected to be delivered in the Company's current financial year. Synectics also announces its first contract with a tribal gaming 1 property in Oklahoma, North America.
The contract, valued at USD 600,000, will see Synectics deploy its Synergy software across the property. The solution also includes Synergy's suite of AI- tools to deliver real-time monitoring, detection and alerts. This contract supports Synectics' strategic growth objectives of expanding its presence in the tribal gaming 1 sector.
