Kings Entertainment Group, Inc. (TSE:JKPT) has released an update.
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Kings Entertainment Group Inc. has announced its decision to dissolve its Polish subsidiary Epeer as a cost-saving move and enhance efficiency. Additionally, the company is updating its progress on selling its online lottery and casino business to PM Legacy Inc., a move that would leave Kings Entertainment with cash as its remaining asset while ceasing active operations. Shareholder approval is pending, and the company is exploring strategic alternatives to maximize shareholder value.
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