share_log

LET GROUP(01383.HK)预计菲律宾主酒店娱乐场2025年第一季度开始营运 继续停牌

LET GROUP (01383.HK) expects the main hotel casino in the Philippines to start operations and continue to be suspended in the first quarter of 2025

Gelonghui Finance ·  Apr 10 10:22

Gelonghui, April 10 | LET GROUP (01383.HK) announced that the Group is mainly engaged in (a) developing and operating a five-star hotel and casino in the Philippines; (b) operating the hotel and gaming business (“Crystal Tiger Palace”) in the Primorsky Krai Comprehensive Entertainment Zone in the Russian Federation (“Russia”); and (c) engaged in property development in Niseko and Miyako Island, Japan. The Group's daily business has remained stable.

The construction and development of the main hotel and casino in the Philippines is underway and is on track. It is expected to commence operation in the first quarter of 2025. Crystal Tiger Palace's hotel and gaming operations in Russia are facing significant challenges and uncertainties due to the ongoing conflict between Russia and Ukraine and related sanctions against Russia. The Group is actively seeking opportunities to divest its non-core real estate development business in Niseko, Japan, in a strategic move aimed at increasing the Group's cash flow.

Continued suspension of trading.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment