SEOUL, SOUTH KOREA – Interblock, a global leader in luxury table gaming products, is proud to announce the signing of a Memorandum of Understanding (MOU) with Kangwon Land and the Korea Minting and Security Printing Corporation (KOMSCO).
This strategic partnership focuses on the joint development of innovative casino game cards and electronic shoes designed to enhance gaming operations and expand the reach of South Korea’s gaming industry on a global scale.
The agreement, signed at the Conrad Hotel in Seoul on December 27, 2024, represents a milestone in the localization and technological advancement of casino gaming equipment. The collaboration will combine the expertise of the three organizations to produce casino game cards and cutting-edge electronic shoes capable of recognizing unique card identifiers. These advancements aim to improve game security, prevent dealer errors, and mitigate fraud, ensuring a more seamless and trustworthy gaming experience for casinos worldwide.
Interblock will lead the development and marketing of the electronic shoe, bringing its extensive expertise in advanced gaming technology to the partnership. Kangwon Land will manage the assembly and production of the electronic shoe hardware, while KOMSCO will develop and manufacture the high-quality casino game cards. The products will be integrated into Kangwon Land’s operations and distributed to domestic and international markets, establishing South Korea as a significant player in the global gaming equipment industry.
"This partnership marks an exciting opportunity to bring innovative solutions to the global casino market," said John Connelly, Global CEO, Interblock. "By combining our technological capabilities with the expertise of Kangwon Land and KOMSCO, we are confident in our ability to deliver products that set new standards for security, efficiency, and reliability in the gaming industry."
The global casino market is currently dominated by electronic shoe and card production from major manufacturers in Japan and the United States. This partnership aims to shift the paradigm by localizing production in South Korea and positioning the country as a leader in the casino equipment sector. Kangwon Land’s annual usage of approximately 660,000 decks of cards highlights the opportunity to reduce costs, prevent the outflow of foreign currency, and generate revenue through exports.
"This MOU is more than a partnership; it is a vision to transform the casino gaming equipment manufacturing sector," the three parties stated jointly. "Together, we aim to be game-changers in the global market, delivering innovative and reliable products that redefine the standard for gaming operations."
Interblock remains committed to driving innovation and advancing the gaming industry through strategic collaborations. This partnership underscores the company’s dedication to fostering cutting-edge technology and creating value for its global partners and customers.
