In the Philippines and local gaming operator, Leisure and Resorts World Corporation (LRWC), has reportedly announced that it has raised over $86.23 million that it now intends to utilize in order to significantly expand its business.
Share placement:
According to a report from The Philippine Star newspaper, the Manila-listed firm revealed that it harvested the cash via a recent private share placement and will consequently be enlarging its retail and slot machine estate, which last year recorded a 12% rise year-on-year in net income to almost $9.41million.
Reportedly read a Friday statement from LRWC…
“In particular, LRWC plans to open or acquire ten to 15 new sites for its bingo, e-casino and slot arcade businesses as well a…
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