v3.26.1
PROPERTY PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2026
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

June 30,

2026

 

 

As of

December 31,

2025

 

Land

 

$28,464

 

 

$29,353

 

Buildings, net

 

 

9,599,293

 

 

 

10,095,339

 

Slots and machines, net

 

 

11,808,875

 

 

 

12,246,801

 

Equipment, net

 

 

3,187,380

 

 

 

3,375,011

 

Computers, net

 

 

933,824

 

 

 

1,298,991

 

Televisions, net

 

 

226,757

 

 

 

243,969

 

Investment in third party property, plant and equipment

 

 

1,475,114

 

 

 

1,674,402

 

Total property, plant and equipment, net

 

$27,259,707

 

 

$28,963,866

 

 

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

 

Depreciation expenses were $1,185,050 and $1,344,024, for the three months ended June 30, 2026, and 2025, respectively, and $2,621,005 and $2,780,271, for the six months ended June 30, 2026, and 2025, respectively.