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Immotion Group PLC - Immotion extends contract with Mandalay Bay

RNS Number : 8960B
Immotion Group PLC
13 October 2020
 

Immotion Group plc

 

("Immotion Group", the "Company")

 

Immotion extends contract with Mandalay Bay

 

Immotion Group, the UK-based immersive entertainment group, is pleased to announce it has reached agreement with Mandalay Bay Resort and Casino in Las Vegas to extend the contract for its 'Undersea Explorer Virtual Reality Theater' from 18 months to a term of 30 months from opening. 

 

The 36-seat VR theatre and immersive experience centre, included with admission to the Shark Reef Aquarium, has been in operation since August 1, 2020.  The revised agreement extends the contract until February 2023.

 

 

Rod Findley, Group Commercial Director - Immotion said: "We couldn't be happier. It has been an absolute pleasure working with Mandalay Bay and the Shark Reef Aquarium team. Undersea Explorer is a ground-breaking new kind of attraction for aquariums and resorts and we look at the contract extension as a vote of confidence in our offering."

 

"The guest reaction to the experience has been so overwhelmingly positive that we are just happy to be able to immerse more Shark Reef Aquarium patrons in our virtual undersea world.  From the business side, the extended contract will allow us the opportunity to perform to full potential for a good stretch of time once the pandemic has passed."

 

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014

 

 Enquiries:

 For further information please visit www.immotion.co.uk, or contact: 

 

Immotion Group

 

Martin Higginson

Tel: +44 (0) 161 235 8505

WH Ireland Limited

(Nomad and Joint Broker)

 

 

Adrian Hadden 

Darshan Patel

Matthew Chan

Tel + 44 (0) 207 220 1666

Shard Capital Partners LLP

(Joint Broker)

 

Damon Heath

Erik Woolgar

Tel: +44 (0) 20 7186 9900

Alvarium Capital Partners

Alex Davies

Tel: +44 (0) 207 195 1433

 

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Market: AIM
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