Through its 60 per cent. interest in OCVI, the Group runs land-based sportsbook operations via betting terminals under its ‘MegaSportsWorld’ brand in the Philippines, as approved by PAGCOR. The terminals are licensed to accept bets on basketball, boxing and golf. It is anticipated that further sports will be authorised for betting by PAGCOR in the future. The ALL Group is also in negotiations with the Manila Jockey Club to provide a number of terminals in their outlets, which will be used for non-horse race sports betting. The Directors believe there is scope for further expansion of both these operations.

The Group’s revenue from its sportsbook-based activities comprises the value of bets placed by customers in sports wagers less amounts won by customers.