Core Viewpoint - The company has entered into a non-binding memorandum of understanding with WPT to develop, operate, and commercialize mobile applications, indicating a strategic move towards expanding its digital gaming and technology-driven entertainment business [1] Group 1: Partnership Details - The joint venture plans to utilize WPT's online platform and technical solutions to develop and commercialize ten types of mobile applications [1] - The company will handle player recruitment, marketing, business development, and customization of the applications, while WPT will provide proprietary content, platform access, and operational support [1] - WPT is expected to receive 15% of the net gaming profits generated by the mobile applications, with monthly settlements [1] Group 2: Strategic Implications - The memorandum provides a framework for collaboration, allowing both parties to leverage WPT's experience and operational support while focusing on application development and player acquisition [1] - The board believes that this memorandum aligns with the company's strategy to expand its footprint in the digital gaming and technology-driven entertainment sectors, complementing existing joint ventures and licensing arrangements with WPT [1]

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]

Core Viewpoint - The company has entered into a non-binding memorandum of understanding with WPT to develop, operate, and commercialize mobile applications, indicating a strategic move towards digital gaming and technology-driven entertainment [1] Group 1: Partnership Details - The joint venture plans to utilize WPT's online platform and technology solutions to develop and commercialize ten types of mobile applications [1] - The joint venture will handle player recruitment, marketing, business development, and related application development, while WPT will provide proprietary content, platform access, and operational support [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, aiming to enhance the development and commercialization of mobile applications beyond existing arrangements [1] - The company anticipates leveraging WPT's experience and operational support while focusing on application development, marketing, and player recruitment [1] - The board believes that the memorandum aligns with the company's strategy to expand its digital gaming and technology-driven entertainment business and is in the overall interest of the company and its shareholders [1]