Palace Entertainment (02536.HK) announced that its fully-owned subsidiary Palasino Technology has signed an agreement with Nemo Interactive Group, an electronic gambling gaming system service provider registered and certified in the Philippines, to provide third-party gambling gaming content for Nemo.

Under the agreement, the company will generate revenue by licensing third-party online gambling games to Nemo, which will be implemented by external service providers. This collaboration marks an important milestone for Palace Entertainment to expand its B2B online gambling licensing business in the Philippines.