Posted On: 07/24/2014 8:51:05 PM
Post# of 776
ELRA: "This partnership will result in immediate revenues for Elray."
Quote:
The JV will result in Elray holding a profit share agreement with VIP Rooms in Macau, under which Elray will receive an up to 48% share of profits generated by the Licensed Casino Operations. Mr. Qi and his team currently participates in the revenue streams of many major luxury VIP gaming facilities in Macau, China the largest and most lucrative gaming market in the world.
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