Jimei International Entertainment Group Limited has allegedly declared the finish of an association with NagaCorp Limited that saw it advancing seven gaming tables inside the last’s NagaWorld improvement in Phnom Penh.
As indicated by a report from GGRAsia, Jimei International Entertainment Group Limited, which is driven by Macau casino industry veteran Jack Lam Yin Lok, set up its Cambodian course of action with NagaCorp Limited in May of 2015 however announced as a component of its yearly monetary outcomes that the arrangement had finished on January 31 therefore of “the non-reestablishment of applicable legally binding archives”.
The money related proclamation allegedly observed Hong Kong-recorded Jimei International Entertainment Group Limited moreover clarify that it had left a course of action that had seen it consent to help two different firms in the advancement of an “entertainment resort” in Cambodia. Declared in March of 2016, this plan was to see the trio fabricate a complex at an unspecified area offering a hotel alongside a fairway, amusement stop and “other entertainment and tourism business”.
For 2016, Jimei International Entertainment Group Limited purportedly proclaimed that a weakness loss of $12.9 million on exchange and different receivables prompted a yearly shortage of roughly $5.1 million, which contrasted with a benefit of about $1.1 million for 2015, while its revenues enhanced by 8% year-on-year to $24.8 million. “Whereas the NagaWorld junket arrangement came to an end in January [of] 2017, the group shall continue to explore the possibility of further extending its business into the gaming and entertainment market to further broaden its income sources,” read a statement from Jimei International Entertainment Group Limited. “Under the leadership of an experience and energetic core management team, we have full confidence we can steadily develop our business. The group shall strive to take a prudent approach in business development to safeguard a higher shareholder’s return.”
