Gaming operation and hotel operation
The principal activities of the Group are gaming operation (leasing of investment properties equipped with entertainment equipment to the Philippine Amusement and Gaming Corporation (“PAGCOR”) and participation in the gaming operation) and hotel operation.
MSPI, an indirect wholly-owned subsidiary of the Group in the Philippines entered into a Cooperation Agreement with PAGCOR in August 2021 and jointly established a Management Committee for casino operations at the casino located in the Group’s hotel premises, a five-star hotel at the heart of Manila in the Philippines, namely New Coast Hotel Manila. (https://www.newcoasthotels.com/).
Live events
Live events represented operations of live poker events business. Due to Covid-19 pandemic, there were no live poker events organized over the past two years.
