Sheng Ying Entertainment Corp
On December 30, 2016, new management took over the Company majority shares and plans to operate the Company under the new name of "Sheng Ying Entertainment Corp.". The Company’s new business plan is to engage in the service of sub-junkets for a junket in Cambodia. For sub-junkets introduction service performed, we will charge 0.05% of total bets played by players introduced by us to a junket in casino located in Cambodia.
On January 9, 2017, the Company filed a certificate of amendment (the "Amendment") to its Certificate of Incorporation with the Secretary of State of the State of Nevada in order to change its name to "Sheng Ying Entertainment Corp." in order to better reflect the direction and business of the Company. As of the filing date, the name change is still subject to the approval of Financial Industry Regulatory Authority. The Company has adopted a fiscal year end of December 31.
We have plans to establish a website which set forth general information for junket business of the Company in future.
Based on our current operating plan, we expect that we will be able to generate revenue that is sufficient to cover our expenses for the next twelve months. Our ability to maintain sufficient liquidity is dependent on our ability to raise additional capital.
Marketing & Growth Strategy
We have hire a Chief Operation Officer who has over 10 years of junket business in Phnom Penh, Cambodia. We believe with her experience in this area will direct the company to acquire a lot of VIP players to achieve company’s financial prospects in this burgeoning niche. With the existence of our Chief Operation Officer based in Cambodia, she is able to provide all kinds of support and services immediately in the casino where our VIP players play.
Player retention is one of the strategies to grow our future sub-junket business. The key elements of player retention are the creation of exciting opportunities to maintain player interest and increase play frequency. Similar to land-based casino's compensation programs, the tools used for this purpose include prizes, "free money," opportunities to play against famous (or infamous) players, and tournament qualifications.
|Authorized Shares ||45,000,000 ||a/o Mar 30, 2017 |
|Outstanding Shares ||9,054,000 ||a/o Mar 30, 2017 |
|Float ||1,804,000 ||a/o Sep 15, 2016 |
Dec 30th, 2016 - Change of leadership
Apr 24th, 2017 - Change symbol to SALL