| |
Time-to-market is of essence in the
Internet age. Hence, acquisition forms a vital part
of our eGaming Strategy. The Acquisition has to meet
all of the five objectives outlined above, in the
following manner:
- conform to our Mission
- make use of our Core Competence
- apply our eGaming Expertise
- leverage our global Markets,
and above all
- fulfill our Corporate Governance
requirements; engage in activities within applicable
laws and regulations
Meeting these criteria
has not been an easy task. The pursuit of appropriate
opportunities forms part of the strategic activities
of the Group.
The Acquisition - A
Milestone
The Acquisition provides a timely opportunity for the
Group to gain instant access to a vast and growing market.
The Target meets our selection criteria, ensuring smooth
integration and speedy expansion, thereby providing
the key to success:
- Mission: leader in
eLottery market in China
- Core Competence: proven
IT solutions (telephone betting, payment processing,
security)
- eGaming Expertise:
providing services to over 1 million registered
customers
- Markets: existing operations
in Shenzhen, Shanghai, and Anhui, plus alliances
with reputable channels
- Corporate Governance:
within applicable laws and regulations
Synergy and Prospects
The combined expertise and strengths will enable the
Group to extend business model within China and internationally,
and to develop further products and services for such
a growing customer base.
|
|
