Dolphin Products and Oriental Regent have entered into an agreement for the latter to purchase “Additional Gaming Products” from Dolphin for a cash consideration of $198,648, it was announced on the stock exchange.
The Additional Gaming Products, which are not described in more detail in the filing, shall be used in the casino under the Primorye Gaming Project.
Dolphin Products is a subsidiary of Melco and an associate of Lawrence Ho, who is the chairman and non-executive director and substantial shareholder of the company.
“Oriental Regent decided to purchase the Additional Gaming Products in order to fulfil the business and operational needs of the Casino under the Primorye Gaming Project,” the filing says.
The agreement follows a similar made in August in which Oriental Regent agreed to buy $1.28 million-worth of gaming products from Dolphin Products to be used in the Primorye Gaming Project.