Enters into MoU with leading gaming operator

John Keells Holdings PLC (JKH) said yesterday they entered into a Memorandum of Understanding (MOU) with a leading international gaming operator in connection to the Cinnamon Life Integrated Resort.
“WPL (Waterfront Properties Private Limited) entered into a Memorandum of Understanding (MOU) with a leading international gaming operator,” JKH Chairman Krishan Balendra said.
“This MOU consists of the framework for investing into and operating of a casino at the Cinnamon Life Integrated Resort as well as the commercial framework between the parties,” he added.

However, Balendra refrained from disclosing the identity of the party with whom JKH has signed the MOU, as the finer details of the agreement have not been fully settled. “As originally envisaged, WPL will lease out space at the Cinnamon Life Integrated Resort for the operation of the casino. On finalising details of the fit-out and equipping costs and conclusion of the lease agreement, a detailed disclosure will be made,” he said.