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: [phone]
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: [phone]
Alvarium Capital Partners	Alex Davies	Tel: [phone]

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