v3.25.3
PROPERTY PLANT AND EQUIPMENT
 9 Months Ended
Sep. 30, 2025
PROPERTY PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

NOTE 9 – PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment, net, consists of the following for the periods indicated:

 

Description

 

As of

September 30,

2025

 

 

As of

December 31, 

2024

 

Land

 

$29,377

 

 

$26,084

 

Buildings, net

 

 

10,135,246

 

 

 

9,190,949

 

Slots and machines, net

 

 

11,948,773

 

 

 

11,065,973

 

Equipment, net

 

 

3,322,153

 

 

 

3,348,069

 

Computers, net

 

 

1,477,711

 

 

 

1,719,679

 

Televisions, net

 

 

259,832

 

 

 

302,348

 

Investment in third party property, plant and equipment

 

 

1,699,084

 

 

 

1,778,105

 

Total property, plant and equipment, net

 

$28,872,176

 

 

$27,431,207

 

 

Investment in third party property represents leasehold improvements that are in rented premises for retail betting.

 

Advances for property, plant and equipment represent the purchase of the premises in Montenegro. These premises are still in the process of construction.

 

Depreciation expenses were $1,413,163 and $1,145,210, for the three months ended September 30, 2025, and 2024, respectively, and $4,193,434 and $3,173,473, for the nine months ended September 30, 2025, and 2024, respectively.