Royal Wins Corporation is pleased to announce that the Company has been receipted by the Ontario Securities Commission (“OSC”) for the filing of a preliminary non-offering prospectus.
Royal Wins Corporation (“
Royal Wins” or the “
OSC“) for the filing of a preliminary non-offering prospectus.
The prospectus is filed in accordance with the provisions of the
Canadian National Instrument 41-101 – General Prospectus Requirements to qualify the distribution of the Company’s common shares in Canada. No New securities are being offered with the filing of the prospectus.
Royal Wins intends to apply to list its common shares on the Canadian Securities Exchange (the “
GGRAsia – Maybe only handful Macau junkets can survive: trade rep ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
Possibly only a “couple” of Macau’s VIP gaming promoters or ‘junkets’ will be left in the local market in future, as the sector continues to face significant headwinds not only from the impact of the Covid-19 pandemic on travel and tourism, but also because of the Chinese central authorities’ concern about gambling activities outside the country’s borders, an industry insider has told GGRAsia.
There is a variety of opinion among scholars and legal experts about whether China’s criminalisation of anyone assisting “cross-border gambling”, that came into effect on March 1, is meant to cover gambling in Macau, a special administrative region of China.