Casino games parlour chain sold in Philippines
Premiere Horizon Alliance Corp said on Monday that it had completed the sale of its shares in an Internet café-based casino games business in the Philippines.
According to a filing with the Philippine Stock Exchange, the deal is worth PHP620 million (US$14.3 million).
Premiere Horizon sold its 100 percent holding in newly-incoporated Total Gamezone Xtreme Inc, the parent company of Digiwave Solution Inc, to another Manila-listed firm, Leisure & Resorts World Corp.
The Digiwave Solution venues are licensed by the Philippine Amusement and Gaming Corp (Pagcor), the operator-cum-regulator of casino games in the country.
Leisure & Resorts World is a holding company with a wide range of interests in the entertainment sector, including a capital investment – via its 100-percent owned unit AB Leisure Global Inc – in the under-construction Philippines casino resort City of Dreams Manila.
Leisure & Resorts World also owns just under 70 percent of First Cagayan Leisure and Resort Corp – the master licensor for offshore online gaming permits issued by the Cagayan Special Economic Zone for websites aimed at overseas customers.
Features
-
E-Sports and potential to bring millennials to casinos Nowadays, millennials, people who were born in the 1980s or... -
Food and drink major non-gaming push: Macau casino ops Food and drink have been heavily marketed as part of Macau... -
Macau law needs revamp to allow more concessions: experts Macau’s gaming law needs to be amended in order to...
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Beijing’s top man in Macau dies after reported fall October 22, 2018 
HKZM Bridge open to traffic Oct 24: Macau govt October 20, 2018 
Another bus biz details Macau casino link via HKZM Bridge October 22, 2018 
Owner of CoD Manila operator drops delist plan October 22, 2018