Core Viewpoint - The company has entered into a non-binding memorandum of understanding with WPT to develop, operate, and commercialize mobile applications, leveraging WPT's online platform and technology solutions [1] Group 1: Partnership Details - The joint venture aims to develop and commercialize ten types of mobile applications using WPT's online platform and proprietary content [1] - The company will handle player recruitment, marketing, business development, and customization of the applications, while WPT will provide access to its proprietary content, perform KYC and AML checks, offer player tutorials, customer service support, and operational and technical assistance [1] - WPT is expected to receive 15% of the net gaming profits generated by the mobile applications, with monthly settlements [1] Group 2: Strategic Alignment - The memorandum provides a framework for collaboration between the joint venture and WPT, focusing on the development and commercialization of mobile applications beyond existing arrangements [1] - The company anticipates leveraging WPT's experience and operational support while concentrating on application development, marketing, and player recruitment [1] - The board believes that the memorandum aligns with the group's strategy to expand its digital gaming and technology-driven entertainment business [1]
世纪娱乐国际(00959)合资公司与WPT订立谅解备忘录 拟共同开发、营运及实现移动应用程式的商业化