A London-listed company AsianLogic Limited registered in the British Virgin Islands has made a purchase of 27.87 million new shares of a publicly listed gaming firm.
AsianLogic Limited has announced its plans to form a joint venture with Leisure & Resorts World Corporation (LRWC). A newly formed company will be dealing with land-based sports book and sports betting operation.
LRWC is a Philippines-based company that manages the leisure business in the Philippines as well as operates various bingo parlors through AB Leisure Exponent, Inc. its wholly owned subsidiary. The subsidiary offers various bingo games that include Quick Shot, Instant Bingo Bonanza, Circle 8, Player’s Choice, X Game and provides Video Link Bingo that allows bingo players to play the same game simultaneously in different parlors. LRWC was incorporated in 1957.